Ontario Teachers Pension Plan Board Buys 66,966 Shares of Capital One Financial Corporation $COF

Ontario Teachers Pension Plan Board lifted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 8.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 885,160 shares of the financial services provider’s stock after buying an additional 66,966 shares during the period. Capital One Financial makes up approximately 4.0% of Ontario Teachers Pension Plan Board’s investment portfolio, making the stock its 4th biggest holding. Ontario Teachers Pension Plan Board owned 0.14% of Capital One Financial worth $188,167,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Cumberland Partners Ltd acquired a new stake in Capital One Financial during the 3rd quarter worth about $1,594,000. NewEdge Wealth LLC raised its stake in shares of Capital One Financial by 15.4% in the third quarter. NewEdge Wealth LLC now owns 6,093 shares of the financial services provider’s stock worth $1,349,000 after purchasing an additional 814 shares during the last quarter. Bornite Capital Management LP acquired a new stake in shares of Capital One Financial during the third quarter worth about $21,258,000. MJP Associates Inc. ADV lifted its holdings in shares of Capital One Financial by 7.3% during the third quarter. MJP Associates Inc. ADV now owns 1,789 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 122 shares during the period. Finally, Syon Capital LLC boosted its position in Capital One Financial by 8.5% in the third quarter. Syon Capital LLC now owns 11,431 shares of the financial services provider’s stock valued at $2,430,000 after buying an additional 893 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

NYSE COF opened at $210.23 on Thursday. The stock’s fifty day moving average is $232.85 and its two-hundred day moving average is $223.46. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $259.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $133.65 billion, a P/E ratio of 71.03, a price-to-earnings-growth ratio of 0.61 and a beta of 1.14.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). The firm had revenue of $15.62 billion for the quarter, compared to analysts’ expectations of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The firm’s quarterly revenue was up 53.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.67 EPS. On average, research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 19th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, February 19th. Capital One Financial’s dividend payout ratio is 108.11%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Zacks Research downgraded shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Truist Financial lowered their price target on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Royal Bank Of Canada restated a “sector perform” rating and issued a $275.00 price objective on shares of Capital One Financial in a research report on Monday, January 12th. Keefe, Bruyette & Woods lifted their target price on shares of Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Friday, January 2nd. Finally, Morgan Stanley increased their price target on shares of Capital One Financial from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and an average price target of $274.70.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Ravi Raghu sold 13,450 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $250.00, for a total value of $3,362,500.00. Following the completion of the transaction, the insider owned 30,337 shares in the company, valued at $7,584,250. This represents a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $250.00, for a total transaction of $500,000.00. Following the completion of the sale, the general counsel owned 92,486 shares of the company’s stock, valued at approximately $23,121,500. This trade represents a 2.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 34,274 shares of company stock valued at $8,131,054 over the last quarter. 1.26% of the stock is owned by insiders.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.