Rakuten Investment Management Inc. raised its stake in Capital One Financial Corporation (NYSE:COF – Free Report) by 7.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,276 shares of the financial services provider’s stock after purchasing an additional 7,879 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Capital One Financial were worth $21,272,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Krilogy Financial LLC lifted its position in Capital One Financial by 69.0% during the third quarter. Krilogy Financial LLC now owns 25,629 shares of the financial services provider’s stock worth $4,948,000 after acquiring an additional 10,464 shares during the last quarter. Sculptor Capital LP bought a new stake in shares of Capital One Financial during the first quarter worth approximately $33,932,000. Swiss National Bank grew its position in shares of Capital One Financial by 6.5% in the first quarter. Swiss National Bank now owns 1,865,716 shares of the financial services provider’s stock valued at $340,363,000 after purchasing an additional 113,200 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Capital One Financial in the second quarter valued at approximately $73,364,000. Finally, Levin Capital Strategies L.P. grew its position in shares of Capital One Financial by 3.3% in the first quarter. Levin Capital Strategies L.P. now owns 179,757 shares of the financial services provider’s stock valued at $32,793,000 after purchasing an additional 5,707 shares during the last quarter. 89.84% of the stock is owned by institutional investors.
Insider Buying and Selling at Capital One Financial
In other Capital One Financial news, CEO Richard Fairbank sold 90,743 shares of the firm’s stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $202.86, for a total value of $18,408,124.98. Following the completion of the sale, the chief executive officer owned 4,018,520 shares of the company’s stock, valued at approximately $815,196,967.20. This trade represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew Cooper sold 3,500 shares of the business’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $196.22, for a total transaction of $686,770.00. Following the sale, the general counsel owned 79,694 shares of the company’s stock, valued at $15,637,556.68. This trade represents a 4.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 115,194 shares of company stock valued at $23,546,209 over the last 90 days. Insiders own 0.78% of the company’s stock.
Capital One Financial Stock Performance
NYSE COF opened at $206.41 on Thursday. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The stock has a market cap of $126.63 billion, a PE ratio of 12.18, a PEG ratio of 0.95 and a beta of 1.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.02. The firm’s fifty day moving average price is $204.17 and its two-hundred day moving average price is $201.23.
Capital One Financial (NYSE:COF – Get Free Report) last posted its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, topping analysts’ consensus estimates of $5.53 by $1.16. The firm had revenue of $16.31 billion for the quarter, compared to analyst estimates of $16.25 billion. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.95 EPS. On average, equities analysts expect that Capital One Financial Corporation will post 21.53 EPS for the current fiscal year.
Capital One Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s dividend payout ratio is currently 18.89%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on COF. UBS Group reduced their price target on Capital One Financial from $280.00 to $274.00 and set a “buy” rating for the company in a research note on Monday. TD Cowen increased their price objective on Capital One Financial from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Capital One Financial in a report on Thursday, August 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $227.00 to $241.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Twenty equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and an average price target of $256.50.
Read Our Latest Research Report on COF
Capital One Financial Profile
Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.
Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.
The company primarily serves customers in the United States through digital channels, branches and other distribution networks.
Featured Stories
- Five stocks we like better than Capital One Financial
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
Receive News & Ratings for Capital One Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial and related companies with MarketBeat.com's FREE daily email newsletter.
