Meritage Group LP Buys Shares of 1,276,707 Capital One Financial Co. (NYSE:COF)

Meritage Group LP purchased a new position in shares of Capital One Financial Co. (NYSE:COF) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,276,707 shares of the financial services provider’s stock, valued at approximately $227,662,000. Capital One Financial makes up 5.4% of Meritage Group LP’s investment portfolio, making the stock its 7th largest position. Meritage Group LP owned 0.33% of Capital One Financial as of its most recent SEC filing.

Several other large investors have also made changes to their positions in COF. Norges Bank acquired a new stake in Capital One Financial in the fourth quarter valued at approximately $590,279,000. Egerton Capital UK LLP acquired a new stake in shares of Capital One Financial in the 4th quarter valued at $279,159,000. FMR LLC boosted its holdings in Capital One Financial by 21.6% in the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock worth $1,440,449,000 after purchasing an additional 1,436,935 shares in the last quarter. Invesco Ltd. increased its position in Capital One Financial by 38.7% during the fourth quarter. Invesco Ltd. now owns 4,117,444 shares of the financial services provider’s stock worth $734,223,000 after buying an additional 1,148,443 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in Capital One Financial by 376.1% during the fourth quarter. Marshall Wace LLP now owns 1,238,883 shares of the financial services provider’s stock valued at $220,918,000 after buying an additional 978,670 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on COF shares. Evercore ISI raised Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price objective on the stock in a report on Wednesday, March 12th. Argus raised shares of Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Truist Financial decreased their price objective on shares of Capital One Financial from $257.00 to $215.00 and set a “buy” rating for the company in a report on Friday, March 21st. BTIG Research raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 target price for the company in a research report on Tuesday, March 25th. Finally, Citigroup lowered their price target on Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.07.

Capital One Financial Trading Up 1.7 %

Shares of COF stock opened at $162.77 on Friday. The firm has a fifty day moving average of $178.17 and a 200-day moving average of $179.62. The stock has a market cap of $62.09 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 1.19 and a beta of 1.24. Capital One Financial Co. has a 52-week low of $128.23 and a 52-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 announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter last year, the company earned $2.81 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities research analysts forecast that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) 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.