Allstate Corp Takes $2.02 Million Position in Capital One Financial Co. (NYSE:COF)

Allstate Corp purchased a new position in shares of Capital One Financial Co. (NYSE:COF) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 11,325 shares of the financial services provider’s stock, valued at approximately $2,019,000.

A number of other institutional investors have also recently bought and sold shares of COF. Norges Bank acquired a new stake in shares of Capital One Financial in the fourth quarter valued at approximately $590,279,000. Egerton Capital UK LLP acquired a new stake in Capital One Financial during the 4th quarter valued at $279,159,000. International Assets Investment Management LLC bought a new position in Capital One Financial during the fourth quarter worth $130,683,000. Wellington Management Group LLP increased its holdings 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 valued at $146,052,000 after purchasing an additional 710,881 shares during the last quarter. Finally, Southpoint Capital Advisors LP bought a new position in shares of Capital One Financial in the third quarter valued at about $104,811,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on COF shares. Keefe, Bruyette & Woods upped 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. JPMorgan Chase & Co. increased their target price on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Wells Fargo & Company boosted their price target on Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Royal Bank of Canada upped their price objective on Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. Finally, Baird R W raised Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and a consensus price target of $206.63.

Capital One Financial Trading Down 2.7 %

Shares of COF stock opened at $173.32 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The company has a market cap of $66.09 billion, a PE ratio of 14.95, a P/E/G ratio of 1.19 and a beta of 1.47. The stock’s fifty day moving average price is $190.70 and its two-hundred day moving average price is $177.63.

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

Capital One Financial Dividend Announcement

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

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.