Korea Investment CORP Boosts Stake in Capital One Financial Co. (NYSE:COF)

Korea Investment CORP lifted its position in Capital One Financial Co. (NYSE:COF) by 42.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 365,629 shares of the financial services provider’s stock after purchasing an additional 108,582 shares during the quarter. Korea Investment CORP owned approximately 0.10% of Capital One Financial worth $65,199,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in COF. Murphy & Mullick Capital Management Corp purchased a new position in shares of Capital One Financial during the fourth quarter worth approximately $41,000. Modern Wealth Management LLC grew its position in Capital One Financial by 11.3% during the 4th quarter. Modern Wealth Management LLC now owns 4,791 shares of the financial services provider’s stock worth $854,000 after purchasing an additional 487 shares during the last quarter. Vanguard Group Inc. increased its stake in Capital One Financial by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider’s stock valued at $5,660,736,000 after purchasing an additional 234,863 shares during the period. Blueprint Investment Partners LLC purchased a new stake in shares of Capital One Financial in the fourth quarter valued at about $204,000. Finally, Guardian Partners Inc. acquired a new stake in shares of Capital One Financial during the fourth quarter worth about $266,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF stock opened at $178.38 on Friday. The stock has a fifty day moving average price of $191.05 and a 200 day moving average price of $177.15. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $68.02 billion, a PE ratio of 15.39, a P/E/G ratio of 1.19 and a beta of 1.47. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.31. The business had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.81 EPS. Sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.35%. Capital One Financial’s dividend payout ratio (DPR) is 20.71%.

Analysts Set New Price Targets

COF has been the topic of several recent research reports. Evercore ISI upgraded Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price target on the stock in a research report on Wednesday, March 12th. Royal Bank of Canada upped their price target on Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company lifted their price objective on shares of Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Truist Financial cut their price objective on shares of Capital One Financial from $257.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, Hsbc Global Res raised shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $206.63.

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.