Catalyst Funds Management Pty Ltd Acquires 800 Shares of Capital One Financial Co. (NYSE:COF)

Catalyst Funds Management Pty Ltd grew its stake in shares of Capital One Financial Co. (NYSE:COF) by 66.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,000 shares of the financial services provider’s stock after buying an additional 800 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in Capital One Financial were worth $357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. State Street Corp increased its holdings in Capital One Financial by 0.5% in the 3rd quarter. State Street Corp now owns 16,506,861 shares of the financial services provider’s stock valued at $2,471,572,000 after acquiring an additional 74,784 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Capital One Financial by 2.8% in the third quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider’s stock worth $1,649,488,000 after purchasing an additional 280,462 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Capital One Financial by 0.7% in the third quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock worth $1,451,527,000 after buying an additional 72,097 shares in the last quarter. Geode Capital Management LLC boosted its stake in Capital One Financial by 2.0% during the third quarter. Geode Capital Management LLC now owns 8,020,160 shares of the financial services provider’s stock valued at $1,198,664,000 after buying an additional 159,616 shares during the last quarter. Finally, FMR LLC grew its holdings in Capital One Financial by 21.4% during the 3rd quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after buying an additional 1,169,395 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on COF shares. JPMorgan Chase & Co. increased their target price on Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and increased their price objective for the company from $207.00 to $235.00 in a research report on Wednesday, February 19th. Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Keefe, Bruyette & Woods increased their price target 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. Finally, Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus target price of $206.67.

Capital One Financial Stock Performance

Capital One Financial stock opened at $172.06 on Friday. 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 company has a market capitalization of $65.61 billion, a PE ratio of 14.85, a P/E/G ratio of 1.19 and a beta of 1.47. The company has a 50 day moving average price of $192.37 and a 200-day moving average price of $175.42. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.31. The business had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.81 EPS. As a group, equities analysts forecast that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is 20.71%.

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.