Meritage Group LP Purchases New Shares in Capital One Financial Co. (NYSE:COF)

by · The Cerbat Gem

Meritage Group LP bought a new position in shares of Capital One Financial Co. (NYSE:COF) during the 4th quarter, Holdings Channel reports. The firm bought 1,276,707 shares of the financial services provider’s stock, valued at approximately $227,662,000. Capital One Financial accounts for about 5.4% of Meritage Group LP’s investment portfolio, making the stock its 7th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norden Group LLC boosted its position in Capital One Financial by 2.6% in the 4th quarter. Norden Group LLC now owns 2,010 shares of the financial services provider’s stock valued at $358,000 after buying an additional 51 shares during the last quarter. Catalyst Financial Partners LLC boosted its holdings in Capital One Financial by 3.9% in the fourth quarter. Catalyst Financial Partners LLC now owns 1,428 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 54 shares during the last quarter. Quadrant Capital Group LLC increased its position in Capital One Financial by 1.0% in the fourth quarter. Quadrant Capital Group LLC now owns 5,247 shares of the financial services provider’s stock worth $936,000 after purchasing an additional 54 shares during the period. Gladstone Institutional Advisory LLC raised its holdings in Capital One Financial by 3.3% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 56 shares during the last quarter. Finally, TFB Advisors LLC boosted its stake in shares of Capital One Financial by 4.1% in the 4th quarter. TFB Advisors LLC now owns 1,488 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 59 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on COF shares. Barclays increased their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Truist Financial dropped their price objective on Capital One Financial from $257.00 to $215.00 and set a “buy” rating for the company in a report on Friday, March 21st. Evercore ISI raised Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price target for the company in a research note on Wednesday, March 12th. JPMorgan Chase & Co. reduced their price objective on shares of Capital One Financial from $198.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Finally, 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. Four equities research 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 stock. According to MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $206.07.

View Our Latest Stock Report on Capital One Financial

Capital One Financial Trading Up 1.7 %

NYSE COF opened at $162.77 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. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $210.67. The stock has a market capitalization of $62.09 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 1.19 and a beta of 1.24. The stock’s 50 day moving average price is $178.17 and its two-hundred day moving average price is $179.62.

Capital One Financial (NYSE:COF – Get Free Report) last released its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, beating 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 quarter last year, the firm earned $2.81 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.47%. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

About Capital One Financial

(Free Report)

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.

See Also

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Co. (NYSE:COF – Free Report).