Concurrent Investment Advisors LLC Invests $2.97 Million in Capital One Financial Co. (NYSE:COF)

Concurrent Investment Advisors LLC purchased a new position in shares of Capital One Financial Co. (NYSE:COF) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 16,675 shares of the financial services provider’s stock, valued at approximately $2,973,000.

A number of other institutional investors and hedge funds have also made changes to their positions in COF. Handelsbanken Fonder AB boosted its position in shares of Capital One Financial by 40.1% in the 4th quarter. Handelsbanken Fonder AB now owns 105,880 shares of the financial services provider’s stock worth $18,881,000 after buying an additional 30,294 shares in the last quarter. Ieq Capital LLC boosted its position in shares of Capital One Financial by 33.4% in the 4th quarter. Ieq Capital LLC now owns 20,082 shares of the financial services provider’s stock worth $3,581,000 after buying an additional 5,024 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Capital One Financial by 1.2% in the 4th quarter. New York State Common Retirement Fund now owns 498,843 shares of the financial services provider’s stock worth $88,954,000 after buying an additional 5,800 shares in the last quarter. Prossimo Advisors LLC boosted its position in shares of Capital One Financial by 2.5% in the 4th quarter. Prossimo Advisors LLC now owns 2,804 shares of the financial services provider’s stock worth $500,000 after buying an additional 69 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund boosted its position in shares of Capital One Financial by 80.6% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 20,417 shares of the financial services provider’s stock worth $3,641,000 after buying an additional 9,111 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Down 2.0 %

COF opened at $205.73 on Friday. The firm has a 50 day moving average price of $191.14 and a 200 day moving average price of $170.00. The company has a market cap of $78.43 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 1.17 and a beta of 1.47. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter last year, the company earned $2.81 earnings per share. Capital One Financial’s revenue for the quarter was up 7.2% on a year-over-year basis. Sell-side analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is 20.71%.

Analysts Set New Price Targets

A number of research firms have issued reports on COF. Keefe, Bruyette & Woods upped their target price on shares of Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Truist Financial upped their target price on shares of Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barclays upped their target price on shares of Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Robert W. Baird upped their target price on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $168.00 to $235.00 in a report on Monday, January 13th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $198.50.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.