Modern Wealth Management LLC Purchases 487 Shares of Capital One Financial Co. (NYSE:COF)

Modern Wealth Management LLC grew its holdings in shares of Capital One Financial Co. (NYSE:COF) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,791 shares of the financial services provider’s stock after buying an additional 487 shares during the quarter. Modern Wealth Management LLC’s holdings in Capital One Financial were worth $854,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Bfsg LLC bought a new position in Capital One Financial in the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Capital One Financial during the fourth quarter valued at $27,000. TruNorth Capital Management LLC bought a new position in shares of Capital One Financial in the fourth quarter worth about $29,000. SBI Securities Co. Ltd. purchased a new position in Capital One Financial in the 4th quarter worth about $32,000. Finally, Decker Retirement Planning Inc. bought a new stake in Capital One Financial during the 4th quarter valued at about $32,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Down 1.4 %

Capital One Financial stock opened at $179.88 on Thursday. The business has a fifty day moving average price of $191.26 and a 200-day moving average price of $177.14. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $210.67. The stock has a market capitalization of $68.59 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 1.19 and a beta of 1.47. 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 issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. The business had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.81 earnings per share. Equities research analysts forecast that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.33%. Capital One Financial’s dividend payout ratio is currently 20.71%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods upped their target price on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. UBS Group upgraded Capital One Financial from a “neutral” rating to a “buy” rating and upped their target price for the stock from $168.00 to $235.00 in a report on Monday, January 13th. Barclays increased their price target on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Robert W. Baird upgraded Capital One Financial from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $190.00 to $200.00 in a report on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $206.63.

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.