Pinnacle Financial Partners Inc Buys 764 Shares of Capital One Financial Co. (NYSE:COF)

Pinnacle Financial Partners Inc boosted its stake in shares of Capital One Financial Co. (NYSE:COF) by 5.5% during the fourth quarter, Holdings Channel reports. The firm owned 14,541 shares of the financial services provider’s stock after purchasing an additional 764 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Capital One Financial were worth $2,593,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Catalyst Financial Partners LLC lifted its position in Capital One Financial by 3.9% during the fourth quarter. Catalyst Financial Partners LLC now owns 1,428 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 54 shares during the period. Gladstone Institutional Advisory LLC raised its position in Capital One Financial by 3.3% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 56 shares during the period. TFB Advisors LLC raised its position in Capital One Financial by 4.1% in the fourth quarter. TFB Advisors LLC now owns 1,488 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 59 shares during the period. Money Concepts Capital Corp raised its position in Capital One Financial by 4.1% in the fourth quarter. Money Concepts Capital Corp now owns 1,565 shares of the financial services provider’s stock worth $279,000 after acquiring an additional 61 shares during the period. Finally, Roman Butler Fullerton & Co. raised its position in Capital One Financial by 3.5% in the fourth quarter. Roman Butler Fullerton & Co. now owns 1,852 shares of the financial services provider’s stock worth $330,000 after acquiring an additional 62 shares during the period. Institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on COF shares. Evercore ISI increased their price target on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their price target on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Royal Bank of Canada increased their price target on shares of 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. HSBC raised shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective for the company in a research note on Tuesday, January 14th. Finally, Hsbc Global Res raised shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Capital One Financial presently has a consensus rating of “Moderate Buy” and an average target price of $198.50.

Capital One Financial Stock Performance

COF opened at $200.38 on Friday. The stock has a market capitalization of $76.39 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.19 and a beta of 1.47. The company has a fifty day moving average of $191.46 and a 200 day moving average of $170.73. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. 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 posted its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.31. The company had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. Capital One Financial’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the company posted $2.81 earnings per share. As a group, sell-side analysts forecast that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a $0.60 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.20%. Capital One Financial’s payout ratio is currently 20.71%.

Capital One Financial 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.