Van ECK Associates Corp Has $4.46 Million Position in Capital One Financial Co. (NYSE:COF)

Van ECK Associates Corp lessened its position in Capital One Financial Co. (NYSE:COF) by 37.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,979 shares of the financial services provider’s stock after selling 15,135 shares during the period. Van ECK Associates Corp’s holdings in Capital One Financial were worth $4,455,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Creative Planning grew its position in shares of Capital One Financial by 7.2% in the 3rd quarter. Creative Planning now owns 52,492 shares of the financial services provider’s stock valued at $7,860,000 after buying an additional 3,507 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Capital One Financial by 5.1% in the 3rd quarter. Global Retirement Partners LLC now owns 2,804 shares of the financial services provider’s stock valued at $420,000 after buying an additional 136 shares during the last quarter. Blue Trust Inc. grew its position in shares of Capital One Financial by 105.6% in the 3rd quarter. Blue Trust Inc. now owns 3,278 shares of the financial services provider’s stock valued at $454,000 after buying an additional 1,684 shares during the last quarter. Waterway Wealth Management LLC bought a new stake in shares of Capital One Financial in the 3rd quarter valued at about $310,000. Finally, Foundations Investment Advisors LLC grew its position in shares of Capital One Financial by 14.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,024 shares of the financial services provider’s stock valued at $303,000 after buying an additional 258 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Up 0.4 %

COF stock opened at $203.06 on Wednesday. The company has a market cap of $77.41 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.26 and a beta of 1.47. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $208.63. The stock’s 50 day simple moving average is $189.86 and its 200 day simple moving average is $168.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping the consensus estimate 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 quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.81 earnings per share. On average, research analysts expect that Capital One Financial Co. will post 15.41 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Tuesday, February 18th. Capital One Financial’s payout ratio is 20.71%.

Analyst Upgrades and Downgrades

COF has been the topic of a number of analyst reports. Robert W. Baird upped their price target on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Truist Financial upped their price target on Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada upped their price target on Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price on the stock in a research report on Tuesday, January 14th. Finally, UBS Group upgraded Capital One Financial from a “neutral” rating to a “buy” rating and upped their target price for the company from $168.00 to $235.00 in a research report on Monday, January 13th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.