Centricity Wealth Management LLC Takes $62,000 Position in Capital One Financial Co. (NYSE:COF)

Centricity Wealth Management LLC acquired a new position in Capital One Financial Co. (NYSE:COF) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 348 shares of the financial services provider’s stock, valued at approximately $62,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bfsg LLC acquired a new position in Capital One Financial in the 4th quarter valued at approximately $27,000. Decker Retirement Planning Inc. bought a new stake in shares of Capital One Financial during the fourth quarter valued at approximately $32,000. Catalyst Capital Advisors LLC acquired a new position in shares of Capital One Financial in the third quarter valued at $36,000. Creative Financial Designs Inc. ADV lifted its position in Capital One Financial by 135.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 166 shares during the period. Finally, Eastern Bank acquired a new stake in Capital One Financial during the third quarter worth $44,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of COF stock opened at $200.38 on Friday. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67. 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 is $191.46 and its 200-day moving average is $170.48. The firm has a market capitalization of $76.39 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.21 and a beta of 1.47.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.31. The firm had revenue of $10.19 billion during 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%. Capital One Financial’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 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Capital One Financial’s dividend payout ratio is 20.71%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on COF shares. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and increased their price objective for the company from $168.00 to $235.00 in a research note on Monday, January 13th. HSBC raised shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target for the company in a research report on Tuesday, January 14th. Bank of America raised Capital One Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $207.00 to $235.00 in a report on Wednesday. Argus upgraded Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada raised their target price on 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. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $198.50.

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.