Waterway Wealth Management LLC Boosts Stock Position in Capital One Financial Co. (NYSE:COF)

Waterway Wealth Management LLC lifted its position in Capital One Financial Co. (NYSE:COF) by 48.1% in the fourth quarter, Holdings Channel reports. The firm owned 3,066 shares of the financial services provider’s stock after buying an additional 996 shares during the period. Waterway Wealth Management LLC’s holdings in Capital One Financial were worth $547,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Catalyst Financial Partners LLC boosted its position in Capital One Financial by 3.9% during the 4th 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 in the last quarter. Gladstone Institutional Advisory LLC boosted its stake in Capital One Financial by 3.3% in 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 in the last quarter. TFB Advisors LLC increased its stake in Capital One Financial by 4.1% during 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 in the last quarter. Money Concepts Capital Corp raised its holdings in shares of 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 buying an additional 61 shares during the last quarter. Finally, Roman Butler Fullerton & Co. raised its position in Capital One Financial by 3.5% during the 4th quarter. Roman Butler Fullerton & Co. now owns 1,852 shares of the financial services provider’s stock worth $330,000 after buying an additional 62 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Up 0.1 %

Shares of NYSE:COF opened at $197.00 on Friday. The company has a 50 day moving average of $192.88 and a two-hundred day moving average of $172.23. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $210.67. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $75.12 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data 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 return on equity of 9.45% and a net margin of 9.46%. The firm had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter last year, the firm earned $2.81 EPS. Capital One Financial’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.22%. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

Analyst Upgrades and Downgrades

A number of analysts have commented on COF shares. The Goldman Sachs Group increased their price objective on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. UBS Group raised Capital One Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $168.00 to $235.00 in a report on Monday, January 13th. Argus upgraded shares of Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Bank of America raised Capital One Financial from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $207.00 to $235.00 in a research note on Wednesday, February 19th. Finally, Truist Financial increased their target price on Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a report on Monday, January 27th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average price target of $202.27.

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.