Convergence Investment Partners LLC Boosts Position in Capital One Financial Co. (NYSE:COF)

Convergence Investment Partners LLC increased its holdings in shares of Capital One Financial Co. (NYSE:COF) by 38.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,625 shares of the financial services provider’s stock after acquiring an additional 3,229 shares during the quarter. Convergence Investment Partners LLC’s holdings in Capital One Financial were worth $1,524,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC lifted its stake in 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 purchasing an additional 199 shares during the last quarter. Bartlett & Co. LLC lifted its stake in Capital One Financial by 726.7% during the fourth quarter. Bartlett & Co. LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 218 shares during the last quarter. Sound Income Strategies LLC increased its position in Capital One Financial by 109.4% during the fourth quarter. Sound Income Strategies LLC now owns 266 shares of the financial services provider’s stock worth $35,000 after buying an additional 139 shares during the period. MV Capital Management Inc. increased 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 worth $45,000 after buying an additional 105 shares during the period. Finally, Headlands Technologies LLC acquired a new position in Capital One Financial during the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on COF. BMO Capital Markets lifted their price target on 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. Evercore ISI lifted their price target on Capital One Financial from $142.00 to $155.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $159.00 price target on shares of Capital One Financial in a research report on Wednesday, March 27th. Wells Fargo & Company lifted their price target on Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Finally, Piper Sandler boosted their target price on Capital One Financial from $126.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $137.05.

Capital One Financial Price Performance

COF traded up $0.24 during trading on Friday, reaching $146.21. 4,328,677 shares of the stock were exchanged, compared to its average volume of 2,287,948. The business’s 50 day moving average price is $140.47 and its two-hundred day moving average price is $126.15. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $55.62 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 1.05 and a beta of 1.48. Capital One Financial Co. has a 1 year low of $83.93 and a 1 year high of $149.94.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.25 by ($0.04). Capital One Financial had a net margin of 10.19% and a return on equity of 9.85%. The company had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $9.35 billion. During the same quarter in the prior year, the company earned $2.31 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Capital One Financial Co. will post 13.78 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced 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 was Friday, February 9th. This represents a $2.40 annualized dividend and a yield of 1.64%. Capital One Financial’s payout ratio is currently 18.79%.

Capital One Financial 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.