KG&L Capital Management LLC Buys Shares of 1,972 Capital One Financial Co. (NYSE:COF)

KG&L Capital Management LLC bought a new stake in shares of Capital One Financial Co. (NYSE:COF) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,972 shares of the financial services provider’s stock, valued at approximately $259,000.

Several other hedge funds have also made changes to their positions in the business. Cetera Investment Advisers grew its stake in Capital One Financial by 25.3% in the first quarter. Cetera Investment Advisers now owns 7,940 shares of the financial services provider’s stock worth $1,042,000 after purchasing an additional 1,601 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of Capital One Financial by 9.2% in the first quarter. Moors & Cabot Inc. now owns 3,979 shares of the financial services provider’s stock valued at $522,000 after buying an additional 335 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Capital One Financial by 11.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the financial services provider’s stock worth $388,000 after purchasing an additional 303 shares in the last quarter. Candriam Luxembourg S.C.A. grew its position in Capital One Financial by 4.1% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 43,094 shares of the financial services provider’s stock worth $5,658,000 after purchasing an additional 1,698 shares in the last quarter. Finally, Baird Financial Group Inc. grew its position in Capital One Financial by 4.2% during the 1st quarter. Baird Financial Group Inc. now owns 25,248 shares of the financial services provider’s stock worth $3,315,000 after purchasing an additional 1,008 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on COF. Morgan Stanley upgraded shares of Capital One Financial from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $87.00 to $120.00 in a report on Wednesday, December 13th. BMO Capital Markets boosted their target price on shares of Capital One Financial from $124.00 to $125.00 and gave the stock a “market perform” rating in a research report on Monday, January 29th. Robert W. Baird lowered shares of Capital One Financial from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $150.00 to $145.00 in a research report on Monday, January 8th. Barclays upped their price objective on shares of Capital One Financial from $114.00 to $154.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $134.00 to $152.00 and gave the stock a “neutral” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Capital One Financial currently has a consensus rating of “Hold” and an average target price of $135.14.

Capital One Financial Price Performance

Shares of Capital One Financial stock traded down $1.14 during midday trading on Thursday, reaching $142.13. The company had a trading volume of 2,409,651 shares, compared to its average volume of 2,753,747. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $54.06 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 1.25 and a beta of 1.48. The stock has a fifty day simple moving average of $138.12 and a 200 day simple moving average of $120.68. Capital One Financial Co. has a 1-year low of $83.93 and a 1-year high of $149.27.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $2.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.26). The business had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.45 billion. Capital One Financial had a net margin of 9.88% and a return on equity of 9.24%. As a group, equities research analysts forecast that Capital One Financial Co. will post 13.82 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.40 annualized dividend and a yield of 1.69%. Capital One Financial’s dividend payout ratio is currently 20.08%.

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.