Summit Trail Advisors LLC Buys 1,603 Shares of Capital One Financial Co. (NYSE:COF)

Summit Trail Advisors LLC lifted its position in Capital One Financial Co. (NYSE:COF) by 61.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,194 shares of the financial services provider’s stock after purchasing an additional 1,603 shares during the period. Summit Trail Advisors LLC’s holdings in Capital One Financial were worth $748,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. CWM LLC grew its holdings in Capital One Financial by 10.5% in the 3rd quarter. CWM LLC now owns 8,420 shares of the financial services provider’s stock worth $1,261,000 after acquiring an additional 801 shares during the last quarter. Grove Bank & Trust boosted its holdings in shares of Capital One Financial by 9.3% during the third quarter. Grove Bank & Trust now owns 909 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 77 shares during the period. CX Institutional bought a new stake in shares of Capital One Financial in the third quarter worth about $4,091,000. Creative Planning increased its holdings in Capital One Financial by 7.2% during the 3rd quarter. Creative Planning now owns 52,492 shares of the financial services provider’s stock valued at $7,860,000 after purchasing an additional 3,507 shares during the period. Finally, Swedbank AB raised its position in Capital One Financial by 13.4% during the 3rd quarter. Swedbank AB now owns 68,244 shares of the financial services provider’s stock valued at $10,218,000 after purchasing an additional 8,074 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COF has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their price objective on Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Bank of America cut shares of Capital One Financial from a “buy” rating to a “neutral” rating and cut their price target for the company from $203.00 to $200.00 in a report on Monday, December 9th. UBS Group raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $168.00 to $235.00 in a research report on Monday, January 13th. Robert W. Baird raised their target price on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Barclays boosted their price target on shares of Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $196.31.

Capital One Financial Price Performance

COF stock opened at $199.32 on Wednesday. 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 50 day moving average price of $188.53 and a 200-day moving average price of $167.22. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $208.63. The firm has a market capitalization of $75.99 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 1.26 and a beta of 1.47.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data 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. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the previous year, the business earned $2.81 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities research analysts forecast that Capital One Financial Co. will post 15.41 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Capital One Financial’s payout ratio 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.