abrdn plc Grows Stake in Capital One Financial Co. (NYSE:COF)

abrdn plc lifted its position in Capital One Financial Co. (NYSE:COF) by 80.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 168,587 shares of the financial services provider’s stock after purchasing an additional 75,019 shares during the period. abrdn plc’s holdings in Capital One Financial were worth $22,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Quent Capital LLC lifted its position in Capital One Financial by 4.9% during the fourth quarter. Quent Capital LLC now owns 1,819 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 85 shares in the last quarter. Greylin Investment Management Inc lifted its position in Capital One Financial by 1.7% during the fourth quarter. Greylin Investment Management Inc now owns 6,070 shares of the financial services provider’s stock valued at $796,000 after purchasing an additional 100 shares in the last quarter. 626 Financial LLC lifted its position in Capital One Financial by 4.2% during the fourth quarter. 626 Financial LLC now owns 2,591 shares of the financial services provider’s stock valued at $340,000 after purchasing an additional 105 shares in the last quarter. MV Capital Management Inc. lifted its position in Capital One Financial by 43.9% during the fourth quarter. MV Capital Management Inc. now owns 344 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 105 shares in the last quarter. Finally, HB Wealth Management LLC lifted its position in Capital One Financial by 0.8% during the fourth quarter. HB Wealth Management LLC now owns 13,485 shares of the financial services provider’s stock valued at $1,768,000 after purchasing an additional 106 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Up 0.4 %

Shares of NYSE:COF opened at $147.89 on Wednesday. The firm has a market capitalization of $56.25 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The business has a 50 day simple moving average of $139.82 and a two-hundred day simple moving average of $125.28. Capital One Financial Co. has a 1 year low of $83.93 and a 1 year high of $149.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.01 and a quick ratio of 1.01.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $2.24 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $9.45 billion. On average, equities analysts predict that Capital One Financial Co. will post 13.84 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.40 annualized dividend and a yield of 1.62%. Capital One Financial’s dividend payout ratio (DPR) is 20.08%.

Analysts Set New Price Targets

A number of research firms have commented on COF. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $159.00 price target on shares of Capital One Financial in a report on Wednesday, March 27th. Piper Sandler lifted their target price on Capital One Financial from $126.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on Capital One Financial in a report on Wednesday, January 10th. They issued a “hold” rating and a $153.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $134.00 to $152.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Finally, Wolfe Research raised Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 target price on the stock in a report on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $137.05.

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.