New Covenant Trust Company N.A. Takes $202,000 Position in Capital One Financial Co. (NYSE:COF)

New Covenant Trust Company N.A. purchased a new stake in Capital One Financial Co. (NYSE:COF) in the fourth quarter, HoldingsChannel reports. The firm purchased 1,138 shares of the financial services provider’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC increased its stake 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 valued at $994,350,000 after acquiring an additional 1,169,395 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Capital One Financial during the fourth quarter worth $130,683,000. Wellington Management Group LLP grew its stake in shares of Capital One Financial by 268.7% during the third quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock worth $146,052,000 after buying an additional 710,881 shares during the last quarter. Southpoint Capital Advisors LP bought a new stake in shares of Capital One Financial during the third quarter worth $104,811,000. Finally, KBC Group NV grew its stake in shares of Capital One Financial by 282.2% in the fourth quarter. KBC Group NV now owns 623,470 shares of the financial services provider’s stock worth $111,177,000 after purchasing an additional 460,339 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Trading Down 5.8 %

COF opened at $184.84 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The firm has a market capitalization of $70.48 billion, a PE ratio of 15.95, a P/E/G ratio of 1.19 and a beta of 1.47. The company’s 50-day moving average is $193.69 and its 200 day moving average is $173.97.

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, topping analysts’ consensus estimates of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the prior year, the firm posted $2.81 EPS. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, research analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s payout ratio is 20.71%.

Analysts Set New Price Targets

Several analysts recently weighed in on COF shares. HSBC raised shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their target price on shares of Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. The Goldman Sachs Group boosted their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Truist Financial boosted their target price on shares of Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, UBS Group upgraded shares of 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 report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and an average 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.