Convergence Investment Partners LLC Acquires 3,229 Shares of Capital One Financial Co. (NYSE:COF)

Convergence Investment Partners LLC increased its holdings in Capital One Financial Co. (NYSE:COF) by 38.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,625 shares of the financial services provider’s stock after purchasing an additional 3,229 shares during the period. Convergence Investment Partners LLC’s holdings in Capital One Financial were worth $1,524,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Legacy Capital Wealth Partners LLC bought a new position in Capital One Financial during the fourth quarter valued at $237,000. Sargent Investment Group LLC increased its position in Capital One Financial by 44.0% during the fourth quarter. Sargent Investment Group LLC now owns 9,423 shares of the financial services provider’s stock valued at $1,236,000 after acquiring an additional 2,880 shares during the last quarter. PGGM Investments bought a new position in Capital One Financial during the fourth quarter valued at $178,000. RWC Asset Management LLP bought a new position in Capital One Financial during the fourth quarter valued at $487,000. Finally, Intact Investment Management Inc. bought a new position in Capital One Financial during the fourth quarter valued at $3,462,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 0.2 %

Capital One Financial stock traded up $0.24 during trading hours on Friday, reaching $146.21. The stock had a trading volume of 4,328,677 shares, compared to its average volume of 2,287,948. The company has a market cap of $55.62 billion, a price-to-earnings ratio of 11.45, a PEG 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 business’s 50 day moving average price is $140.47 and its 200-day moving average price is $126.15. 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 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). The firm had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.35 billion. Capital One Financial had a return on equity of 9.85% and a net margin of 10.19%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.31 earnings per share. Sell-side analysts anticipate that Capital One Financial Co. will post 13.78 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, February 9th. This represents a $2.40 annualized dividend and a dividend yield of 1.64%. Capital One Financial’s dividend payout ratio (DPR) is currently 18.79%.

Analyst Ratings Changes

A number of research firms have weighed in on COF. Piper Sandler boosted their price objective on shares of Capital One Financial from $126.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, February 23rd. Citigroup boosted their target price on shares of Capital One Financial from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Evercore ISI boosted their target price on shares of Capital One Financial from $142.00 to $155.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. Deutsche Bank Aktiengesellschaft started coverage on shares of Capital One Financial in a research note on Wednesday, January 10th. They set a “hold” rating and a $153.00 target price for the company. Finally, UBS Group boosted their target price on shares of Capital One Financial from $132.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $137.05.

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.