Geode Capital Management LLC Has $1.47 Billion Holdings in Capital One Financial Co. (NYSE:COF)

Geode Capital Management LLC lifted its position in shares of Capital One Financial Co. (NYSE:COF) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,227,587 shares of the financial services provider’s stock after acquiring an additional 207,427 shares during the quarter. Geode Capital Management LLC owned approximately 2.16% of Capital One Financial worth $1,467,393,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of COF. HighPoint Advisor Group LLC boosted its stake in shares of Capital One Financial by 2.2% during the fourth quarter. HighPoint Advisor Group LLC now owns 8,864 shares of the financial services provider’s stock valued at $1,581,000 after purchasing an additional 193 shares in the last quarter. Franklin Resources Inc. raised its holdings in Capital One Financial by 3.2% in the 4th quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider’s stock valued at $1,911,387,000 after buying an additional 331,595 shares during the last quarter. Family Legacy Inc. boosted its position in Capital One Financial by 0.8% during the 4th quarter. Family Legacy Inc. now owns 7,980 shares of the financial services provider’s stock worth $1,438,000 after buying an additional 60 shares during the period. B. Metzler seel. Sohn & Co. AG grew its holdings in Capital One Financial by 26.8% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 38,551 shares of the financial services provider’s stock worth $6,872,000 after acquiring an additional 8,155 shares during the last quarter. Finally, Summit Financial LLC increased its position in Capital One Financial by 12.2% in the 4th quarter. Summit Financial LLC now owns 4,670 shares of the financial services provider’s stock valued at $833,000 after acquiring an additional 508 shares during the period. Institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on COF. Argus raised shares of Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Robert W. Baird upgraded Capital One Financial from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price on the stock in a report on Tuesday, January 14th. Finally, Citigroup lowered their price target on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating for the company in a report on Monday, March 24th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $206.63.

Capital One Financial Price Performance

Shares of NYSE COF opened at $178.19 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm’s 50-day moving average price is $190.16 and its 200-day moving average price is $178.50. The firm has a market capitalization of $67.95 billion, a P/E ratio of 15.37, 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 announced 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 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 quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.81 earnings per share. Equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.35%. Capital One Financial’s dividend payout ratio (DPR) is presently 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.