RWC Asset Management LLP Makes New $487,000 Investment in Capital One Financial Co. (NYSE:COF)

RWC Asset Management LLP bought a new position in Capital One Financial Co. (NYSE:COF) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,716 shares of the financial services provider’s stock, valued at approximately $487,000.

Other hedge funds have also added to or reduced their stakes in the company. Comerica Bank raised its stake in shares of Capital One Financial by 158.7% in the third quarter. Comerica Bank now owns 87,852 shares of the financial services provider’s stock worth $8,526,000 after purchasing an additional 53,894 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Capital One Financial by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,498,413 shares of the financial services provider’s stock worth $242,471,000 after purchasing an additional 40,585 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Capital One Financial by 15.2% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 76,695 shares of the financial services provider’s stock worth $7,443,000 after purchasing an additional 10,107 shares during the last quarter. Rafferty Asset Management LLC raised its stake in shares of Capital One Financial by 4.3% in the third quarter. Rafferty Asset Management LLC now owns 131,964 shares of the financial services provider’s stock worth $12,807,000 after purchasing an additional 5,439 shares during the last quarter. Finally, Mariner LLC raised its stake in shares of Capital One Financial by 3.5% in the third quarter. Mariner LLC now owns 65,596 shares of the financial services provider’s stock worth $6,366,000 after purchasing an additional 2,228 shares during the last quarter. 89.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on COF shares. Barclays boosted their price target on Capital One Financial from $114.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Wells Fargo & Company upped their price objective on Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Royal Bank of Canada upped their price objective on Capital One Financial from $142.00 to $150.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 21st. Piper Sandler upped their price objective on Capital One Financial from $126.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, February 23rd. Finally, JPMorgan Chase & Co. upped their price objective on Capital One Financial from $134.00 to $152.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $137.05.

Capital One Financial Price Performance

Shares of NYSE COF traded up $0.24 during mid-day trading on Friday, reaching $146.21. The company’s stock had a trading volume of 4,328,677 shares, compared to its average volume of 2,287,948. The firm has a market capitalization of $55.62 billion, a PE ratio of 11.45, a P/E/G ratio of 1.05 and a beta of 1.48. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a fifty day moving average of $140.47 and a two-hundred day moving average of $125.94. Capital One Financial Co. has a 52 week low of $83.93 and a 52 week high of $149.94.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.21 EPS for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04). Capital One Financial had a net margin of 10.19% and a return on equity of 9.85%. The firm had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.35 billion. During the same period in the previous year, the company posted $2.31 earnings per share. Capital One Financial’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Capital One Financial Co. will post 13.79 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Friday, February 9th. Capital One Financial’s payout ratio is presently 18.79%.

Capital One Financial 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.