Capital One Financial Co. (NYSE:COF) Stake Boosted by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Capital One Financial Co. (NYSE:COF) by 1.1% during the 4th quarter, HoldingsChannel reports. The firm owned 40,813 shares of the financial services provider’s stock after acquiring an additional 440 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Capital One Financial were worth $5,351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Householder Group Estate & Retirement Specialist LLC boosted its position in shares of Capital One Financial by 1,658.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 211 shares of the financial services provider’s stock worth $27,000 after buying an additional 199 shares during the period. Bartlett & Co. LLC raised its stake in shares of Capital One Financial by 726.7% during the fourth quarter. Bartlett & Co. LLC now owns 248 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 218 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in Capital One Financial by 109.4% in the fourth quarter. Sound Income Strategies LLC now owns 266 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 139 shares during the period. Venturi Wealth Management LLC increased its stake in Capital One Financial by 66.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 393 shares of the financial services provider’s stock valued at $38,000 after buying an additional 157 shares during the period. Finally, MV Capital Management Inc. raised its position in shares of Capital One Financial by 43.9% during the 4th quarter. MV Capital Management Inc. now owns 344 shares of the financial services provider’s stock worth $45,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $147.25 on Tuesday. The business has a fifty day simple moving average of $139.54 and a 200-day simple moving average of $124.89. The stock has a market cap of $56.01 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.85. Capital One Financial Co. has a 12 month low of $83.93 and a 12 month high of $149.27.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, January 25th. The financial services provider reported $2.24 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $9.45 billion. On average, sell-side analysts anticipate that Capital One Financial Co. will post 13.84 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were given a dividend of $0.60 per share. 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 1.63%. Capital One Financial’s payout ratio is 20.08%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Capital One Financial from $142.00 to $150.00 and gave the company a “sector perform” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. lifted their price target on Capital One Financial from $134.00 to $152.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Piper Sandler boosted their price objective on Capital One Financial from $126.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. Barclays raised their target price on Capital One Financial from $114.00 to $154.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, BMO Capital Markets boosted their price target on shares of Capital One Financial from $124.00 to $125.00 and gave the stock a “market perform” rating in a research report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $137.05.

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.