Aspen Wealth Strategies LLC Increases Stock Position in Capital One Financial Co. (NYSE:COF)

Aspen Wealth Strategies LLC raised its stake in shares of Capital One Financial Co. (NYSE:COF) by 55.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,154 shares of the financial services provider’s stock after buying an additional 1,830 shares during the period. Aspen Wealth Strategies LLC’s holdings in Capital One Financial were worth $676,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC raised its stake in Capital One Financial by 1,658.3% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 211 shares of the financial services provider’s stock valued at $27,000 after buying an additional 199 shares during the last quarter. Bartlett & Co. LLC grew its position in shares of Capital One Financial by 726.7% during the 4th quarter. Bartlett & Co. LLC now owns 248 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 218 shares during the period. Sound Income Strategies LLC grew its position in shares of Capital One Financial by 109.4% during the 4th quarter. Sound Income Strategies LLC now owns 266 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 139 shares during the period. MV Capital Management Inc. grew its position in shares of Capital One Financial by 43.9% during the 4th quarter. MV Capital Management Inc. now owns 344 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 105 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in shares of Capital One Financial during the 2nd quarter valued at $37,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

Shares of COF traded down $2.82 during midday trading on Tuesday, hitting $136.36. 2,206,326 shares of the company traded hands, compared to its average volume of 2,690,615. The firm has a 50 day moving average of $138.96 and a 200-day moving average of $123.24. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $51.87 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 1.00 and a beta of 1.48. Capital One Financial Co. has a 52 week low of $83.93 and a 52 week high of $149.27.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, January 25th. The financial services provider reported $2.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.26). The business had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.45 billion. Capital One Financial had a net margin of 9.88% and a return on equity of 9.24%. On average, analysts forecast that Capital One Financial Co. will post 13.84 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Friday, February 9th. Capital One Financial’s dividend payout ratio is 20.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on COF shares. Wolfe Research raised shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price objective for the company in a research report on Thursday, April 4th. Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Royal Bank of Canada boosted their price objective on shares of Capital One Financial from $142.00 to $150.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 21st. Evercore ISI upped their target price on shares of Capital One Financial from $142.00 to $155.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. Finally, Robert W. Baird downgraded shares of Capital One Financial from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $150.00 to $145.00 in a report on Monday, January 8th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $137.05.

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.