The Manufacturers Life Insurance Company Has $73.36 Million Stake in Capital One Financial Corporation $COF

The Manufacturers Life Insurance Company lowered its holdings in Capital One Financial Corporation (NYSE:COFFree Report) by 11.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 365,685 shares of the financial services provider’s stock after selling 46,065 shares during the period. The Manufacturers Life Insurance Company owned about 0.06% of Capital One Financial worth $73,364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Evolution Wealth Management Inc. boosted its stake in shares of Capital One Financial by 529.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 90 shares during the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of Capital One Financial during the 4th quarter worth approximately $27,000. Cherry Tree Wealth Management LLC increased its position in shares of Capital One Financial by 1,312.5% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 105 shares during the last quarter. Osterweis Capital Management Inc. bought a new stake in shares of Capital One Financial during the 4th quarter worth approximately $29,000. Finally, CrossGen Wealth LLC bought a new stake in shares of Capital One Financial during the 4th quarter worth approximately $30,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $214.10, for a total transaction of $749,350.00. Following the completion of the sale, the general counsel owned 83,194 shares of the company’s stock, valued at approximately $17,811,835.40. The trade was a 4.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the completion of the transaction, the insider owned 26,328 shares in the company, valued at approximately $5,523,087.84. This trade represents a 26.98% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 29,767 shares of company stock valued at $6,366,998. Corporate insiders own 0.78% of the company’s stock.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $208.29 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The stock has a 50 day moving average of $212.66 and a 200-day moving average of $198.22. The company has a market capitalization of $127.78 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.76 and a beta of 1.02.

Capital One Financial (NYSE:COFGet Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter in the prior year, the business earned $5.48 EPS. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. As a group, equities research analysts predict that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, August 17th. Capital One Financial’s payout ratio is currently 19.80%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on COF shares. TD Cowen cut their price objective on Capital One Financial from $260.00 to $253.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Wall Street Zen cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Weiss Ratings upgraded shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Finally, Barclays decreased their price objective on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Twenty-one equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.91.

Get Our Latest Research Report on COF

Capital One Financial Profile

(Free Report)

Capital One Financial Corporation (NYSE: COF) is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

Capital One primarily serves customers in the United States, with additional operations and financial services activities in Canada and the United Kingdom.

See Also

Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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