Sovran Advisors LLC Acquires Shares of 22,053 Capital One Financial Co. (NYSE:COF)

Sovran Advisors LLC acquired a new stake in Capital One Financial Co. (NYSE:COF) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 22,053 shares of the financial services provider’s stock, valued at approximately $4,074,000.

A number of other institutional investors have also modified their holdings of the stock. First Fiduciary Investment Counsel Inc. increased its holdings in shares of Capital One Financial by 47.7% in the fourth quarter. First Fiduciary Investment Counsel Inc. now owns 58,014 shares of the financial services provider’s stock valued at $10,345,000 after purchasing an additional 18,748 shares during the period. Summit Trail Advisors LLC increased its holdings in shares of Capital One Financial by 61.9% in the fourth quarter. Summit Trail Advisors LLC now owns 4,194 shares of the financial services provider’s stock valued at $748,000 after purchasing an additional 1,603 shares during the period. Soltis Investment Advisors LLC increased its holdings in shares of Capital One Financial by 3.2% in the fourth quarter. Soltis Investment Advisors LLC now owns 4,462 shares of the financial services provider’s stock valued at $796,000 after purchasing an additional 138 shares during the period. Opal Wealth Advisors LLC increased its holdings in shares of Capital One Financial by 6.5% in the fourth quarter. Opal Wealth Advisors LLC now owns 2,091 shares of the financial services provider’s stock valued at $373,000 after purchasing an additional 127 shares during the period. Finally, Savant Capital LLC increased its holdings in shares of Capital One Financial by 10.9% in the fourth quarter. Savant Capital LLC now owns 8,768 shares of the financial services provider’s stock valued at $1,564,000 after purchasing an additional 860 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Down 2.2 %

Shares of NYSE:COF opened at $198.67 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $208.63. The stock’s fifty day simple moving average is $188.30 and its 200-day simple moving average is $166.87. The company has a market capitalization of $75.74 billion, a P/E ratio of 17.14, a P/E/G ratio of 1.26 and a beta of 1.47.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the prior year, the business earned $2.81 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. As a group, equities research analysts forecast that Capital One Financial Co. will post 15.41 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a $0.60 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.21%. Capital One Financial’s dividend payout ratio is currently 20.71%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on COF shares. Truist Financial boosted their target price on Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a report on Monday, January 27th. Argus raised Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. Robert W. Baird upped their price objective on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. The Goldman Sachs Group upped their price objective on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, HSBC raised Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective on the stock in a report on Tuesday, January 14th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $196.31.

Capital One Financial Company 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.