Capital One Financial Co. (NYSE:COF) Shares Bought by Korea Investment CORP

Korea Investment CORP lifted its position in shares of Capital One Financial Co. (NYSE:COF) by 42.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 365,629 shares of the financial services provider’s stock after buying an additional 108,582 shares during the quarter. Korea Investment CORP’s holdings in Capital One Financial were worth $65,199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Intech Investment Management LLC acquired a new position in shares of Capital One Financial during the 3rd quarter valued at about $248,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Capital One Financial during the 3rd quarter worth $432,000. Dai ichi Life Insurance Company Ltd raised its position in shares of Capital One Financial by 36.8% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 11,162 shares of the financial services provider’s stock worth $1,671,000 after buying an additional 3,000 shares during the period. FMR LLC boosted its holdings in Capital One Financial by 21.4% in the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after acquiring an additional 1,169,395 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in Capital One Financial by 286.7% during the third quarter. Quantbot Technologies LP now owns 6,380 shares of the financial services provider’s stock valued at $955,000 after acquiring an additional 4,730 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 0.8 %

COF stock opened at $178.38 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a 50 day simple moving average of $191.05 and a 200-day simple moving average of $177.15. The company has a market capitalization of $68.02 billion, a P/E ratio of 15.39, a PEG ratio of 1.19 and a beta of 1.47. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67.

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

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s dividend payout ratio is currently 20.71%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Baird R W raised shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Hsbc Global Res raised shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Robert W. Baird raised shares of Capital One Financial from a “neutral” rating to an “outperform” rating and raised their target price for the company from $190.00 to $200.00 in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. upped their price target 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. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $206.63.

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.