EverSource Wealth Advisors LLC Buys 503 Shares of Capital One Financial Co. (NYSE:COF)

EverSource Wealth Advisors LLC grew its stake in shares of Capital One Financial Co. (NYSE:COF) by 31.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,078 shares of the financial services provider’s stock after acquiring an additional 503 shares during the period. EverSource Wealth Advisors LLC’s holdings in Capital One Financial were worth $371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of COF. FMR LLC increased its position in shares of Capital One Financial by 21.4% during the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after buying an additional 1,169,395 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Capital One Financial during the fourth quarter valued at about $130,683,000. Wellington Management Group LLP increased its position in shares of Capital One Financial by 268.7% during the third quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock valued at $146,052,000 after buying an additional 710,881 shares during the period. Southpoint Capital Advisors LP bought a new stake in shares of Capital One Financial during the third quarter valued at about $104,811,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Capital One Financial during the fourth quarter valued at about $115,091,000. 89.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

COF has been the topic of several research analyst reports. Argus upgraded shares of Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Barclays upped their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Truist Financial upped their price objective on shares of Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $206.67.

Capital One Financial Stock Up 3.6 %

Shares of COF opened at $172.06 on Friday. The firm has a market cap of $65.61 billion, a P/E ratio of 14.85, a P/E/G ratio of 1.19 and a beta of 1.47. The stock has a 50 day simple moving average of $192.37 and a two-hundred day simple moving average of $175.19. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.31. The firm had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.81 earnings per share. On average, analysts forecast that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

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.