Convergence Financial LLC Has $441,000 Stake in Capital One Financial Co. (NYSE:COF)

Convergence Financial LLC lifted its stake in shares of Capital One Financial Co. (NYSE:COF) by 4.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,473 shares of the financial services provider’s stock after acquiring an additional 112 shares during the period. Convergence Financial LLC’s holdings in Capital One Financial were worth $441,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of COF. FMR LLC boosted its holdings in Capital One Financial by 21.4% in the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after acquiring an additional 1,169,395 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Capital One Financial during the fourth quarter worth approximately $130,683,000. Wellington Management Group LLP lifted its holdings in shares of Capital One Financial by 268.7% in the 3rd quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock worth $146,052,000 after purchasing an additional 710,881 shares in the last quarter. Southpoint Capital Advisors LP acquired a new stake in Capital One Financial in the 3rd quarter valued at $104,811,000. Finally, KBC Group NV increased its stake in Capital One Financial by 282.2% during the 4th quarter. KBC Group NV now owns 623,470 shares of the financial services provider’s stock valued at $111,177,000 after purchasing an additional 460,339 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

COF has been the subject of a number of analyst reports. Barclays lifted 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. Keefe, Bruyette & Woods boosted their price objective on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. The Goldman Sachs Group raised their target price on Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Evercore ISI increased their price target on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, Argus raised shares of Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $202.27.

Capital One Financial Stock Performance

Shares of COF opened at $196.54 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $74.95 billion, a PE ratio of 16.96, a PEG ratio of 1.19 and a beta of 1.47. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67. The stock’s fifty day moving average price is $192.45 and its two-hundred day moving average price is $172.06.

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

Capital One Financial Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.22%. Capital One Financial’s dividend 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.