FFT Wealth Management LLC Acquires 65 Shares of Capital One Financial Co. (NYSE:COF)

FFT Wealth Management LLC lifted its holdings in shares of Capital One Financial Co. (NYSE:COF) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,720 shares of the financial services provider’s stock after purchasing an additional 65 shares during the period. FFT Wealth Management LLC’s holdings in Capital One Financial were worth $485,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC raised its position in Capital One Financial by 21.4% in the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after acquiring an additional 1,169,395 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Capital One Financial during the 4th quarter worth approximately $130,683,000. Wellington Management Group LLP raised its holdings in shares of Capital One Financial by 268.7% in the 3rd quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock worth $146,052,000 after purchasing an additional 710,881 shares during the period. Southpoint Capital Advisors LP purchased a new position in Capital One Financial in the third quarter valued at approximately $104,811,000. Finally, KBC Group NV grew its holdings in Capital One Financial by 282.2% during the fourth quarter. KBC Group NV now owns 623,470 shares of the financial services provider’s stock valued at $111,177,000 after purchasing an additional 460,339 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

NYSE:COF opened at $193.94 on Wednesday. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $210.67. The stock has a fifty day moving average of $192.01 and a 200 day moving average of $171.88. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $73.96 billion, a price-to-earnings ratio of 16.73, a P/E/G ratio of 1.19 and a beta of 1.47.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.31. The firm had revenue of $10.19 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $2.81 EPS. On average, research analysts expect that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a $0.60 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.24%. Capital One Financial’s dividend payout ratio is presently 20.71%.

Analyst Ratings Changes

Several analysts have issued reports on COF shares. UBS Group upgraded Capital One Financial from a “neutral” rating to a “buy” rating and boosted their target price for the company from $168.00 to $235.00 in a research note on Monday, January 13th. JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. HSBC upgraded shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price for the company in a research report on Tuesday, January 14th. Argus raised shares of Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $207.00 to $235.00 in a report on Wednesday, February 19th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $202.27.

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.