RNC Capital Management LLC Has $38.08 Million Stock Holdings in Capital One Financial Co. (NYSE:COF)

RNC Capital Management LLC lifted its holdings in shares of Capital One Financial Co. (NYSE:COF) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 290,425 shares of the financial services provider’s stock after buying an additional 18,480 shares during the period. Capital One Financial comprises 2.3% of RNC Capital Management LLC’s holdings, making the stock its 22nd largest position. RNC Capital Management LLC’s holdings in Capital One Financial were worth $38,081,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Heartwood Wealth Advisors LLC acquired a new position in shares of Capital One Financial during the 4th quarter worth about $223,000. Assenagon Asset Management S.A. lifted its stake in Capital One Financial by 1,058.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 202,881 shares of the financial services provider’s stock valued at $26,602,000 after purchasing an additional 185,370 shares during the last quarter. Armstrong Advisory Group Inc. lifted its stake in Capital One Financial by 4.8% in the 4th quarter. Armstrong Advisory Group Inc. now owns 4,136 shares of the financial services provider’s stock valued at $542,000 after purchasing an additional 190 shares during the last quarter. Sendero Wealth Management LLC lifted its stake in Capital One Financial by 4.8% in the 4th quarter. Sendero Wealth Management LLC now owns 59,115 shares of the financial services provider’s stock valued at $7,751,000 after purchasing an additional 2,711 shares during the last quarter. Finally, Connective Portfolio Management LLC acquired a new stake in Capital One Financial in the 4th quarter valued at about $787,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

COF has been the subject of several recent analyst reports. Evercore ISI reiterated an “in-line” rating and issued a $142.00 target price (down from $160.00) on shares of Capital One Financial in a research note on Thursday, February 22nd. Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $112.00 to $129.00 in a research note on Wednesday, December 6th. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $131.00 to $134.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Capital One Financial in a research note on Wednesday, January 10th. They issued a “hold” rating and a $153.00 target price for the company. Finally, Morgan Stanley upgraded shares of Capital One Financial from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $87.00 to $120.00 in a research report on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Capital One Financial has an average rating of “Hold” and a consensus target price of $130.90.

Capital One Financial Stock Up 2.7 %

NYSE COF opened at $144.57 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.85. Capital One Financial Co. has a 1-year low of $83.93 and a 1-year high of $144.57. The company has a 50 day moving average of $136.00 and a 200-day moving average of $118.94. The company has a market cap of $54.99 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.21 and a beta of 1.47.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $2.24 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.26). Capital One Financial had a net margin of 9.88% and a return on equity of 9.24%. The business had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.45 billion. On average, equities research analysts expect that Capital One Financial Co. will post 13.82 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 Friday, February 23rd. Investors of record on Monday, February 12th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.40 dividend on an annualized basis and a yield of 1.66%. Capital One Financial’s dividend payout ratio (DPR) is 20.08%.

Capital One Financial Company Profile

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.