Newbrook Capital Advisors LP Buys New Shares in Capital One Financial Co. (NYSE:COF)

Newbrook Capital Advisors LP bought a new stake in Capital One Financial Co. (NYSE:COF) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 193,011 shares of the financial services provider’s stock, valued at approximately $34,418,000. Capital One Financial accounts for approximately 4.4% of Newbrook Capital Advisors LP’s holdings, making the stock its 9th largest holding.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Capital One Financial by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider’s stock valued at $5,660,736,000 after purchasing an additional 234,863 shares during the last quarter. Franklin Resources Inc. raised its position in Capital One Financial by 3.2% in the 4th quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider’s stock valued at $1,911,387,000 after purchasing an additional 331,595 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Capital One Financial by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider’s stock worth $1,467,393,000 after acquiring an additional 207,427 shares during the last quarter. FMR LLC raised its position in shares of Capital One Financial by 21.6% during the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock worth $1,440,449,000 after acquiring an additional 1,436,935 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Capital One Financial by 21.8% during the fourth quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider’s stock worth $790,564,000 after buying an additional 793,765 shares during 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 the stock. BTIG Research raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 price objective for the company in a research report on Tuesday, March 25th. Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Truist Financial upped their target price on shares of Capital One Financial from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. Citigroup decreased their target price on Capital One Financial from $245.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Capital One Financial from $198.00 to $170.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $207.73.

Capital One Financial Price Performance

COF stock opened at $201.00 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $77.01 billion, a P/E ratio of 17.34, a PEG ratio of 1.19 and a beta of 1.13. The stock’s 50 day moving average price is $173.90 and its 200 day moving average price is $183.12. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. On average, sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Friday, May 23rd. Capital One Financial’s payout ratio is 20.15%.

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.