Axxcess Wealth Management LLC Acquires 870 Shares of Capital One Financial Co. (NYSE:COF)

Axxcess Wealth Management LLC grew its holdings in shares of Capital One Financial Co. (NYSE:COF) by 16.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,228 shares of the financial services provider’s stock after acquiring an additional 870 shares during the period. Axxcess Wealth Management LLC’s holdings in Capital One Financial were worth $1,111,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of COF. Egerton Capital UK LLP bought a new position in Capital One Financial during the 4th quarter worth $279,159,000. FMR LLC increased its stake in shares of 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 buying an additional 1,169,395 shares during the period. International Assets Investment Management LLC bought a new position in shares of Capital One Financial during the fourth quarter worth about $130,683,000. Wellington Management Group LLP lifted its stake in shares of Capital One Financial by 268.7% in the third quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock worth $146,052,000 after acquiring an additional 710,881 shares during the period. Finally, Southpoint Capital Advisors LP bought a new stake in Capital One Financial in the third quarter valued at approximately $104,811,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Up 1.1 %

COF opened at $174.54 on Friday. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The firm has a market capitalization of $66.56 billion, a P/E ratio of 15.06, a PEG ratio of 1.19 and a beta of 1.47. The company’s 50-day moving average is $191.50 and its 200 day moving average is $175.90. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98.

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

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Tuesday, February 18th. Capital One Financial’s dividend payout ratio is presently 20.71%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and increased their target price for the stock from $207.00 to $235.00 in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods lifted their price target on shares of Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, Royal Bank of Canada increased their price objective on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $206.67.

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.