Allspring Global Investments Holdings LLC Purchases 19,520 Shares of Capital One Financial Co. (NYSE:COF)

Allspring Global Investments Holdings LLC lifted its position in Capital One Financial Co. (NYSE:COF) by 29.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,738 shares of the financial services provider’s stock after acquiring an additional 19,520 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Capital One Financial were worth $11,111,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

COF has been the topic of several recent analyst reports. Piper Sandler raised their price target on shares of Capital One Financial from $126.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. UBS Group raised their target price on shares of Capital One Financial from $132.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Wells Fargo & Company raised their target price 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. Citigroup raised their target price on shares of Capital One Financial from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, Barclays raised their target price 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. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $137.05.

Capital One Financial Stock Down 2.0 %

NYSE:COF opened at $136.36 on Wednesday. The company’s 50-day simple moving average is $139.00 and its 200-day simple moving average is $123.52. The stock has a market capitalization of $51.87 billion, a P/E ratio of 11.41, a P/E/G ratio of 1.00 and a beta of 1.48. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.01 and a current ratio of 1.01. Capital One Financial Co. has a fifty-two week low of $83.93 and a fifty-two week high of $149.27.

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

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Friday, February 9th. Capital One Financial’s dividend payout ratio (DPR) is presently 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.