Mediolanum International Funds Ltd Has $57.04 Million Stock Position in Capital One Financial Corporation $COF

Mediolanum International Funds Ltd lifted its stake in Capital One Financial Corporation (NYSE:COF) by 108.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 255,083 shares of the financial services provider’s stock after purchasing an additional 132,721 shares during the period. Capital One Financial accounts for approximately 0.6% of Mediolanum International Funds Ltd’s holdings, making the stock its 28th largest holding. Mediolanum International Funds Ltd’s holdings in Capital One Financial were worth $57,037,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Capital One Financial by 74.8% in the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock valued at $11,995,603,000 after acquiring an additional 24,129,990 shares during the last quarter. State Street Corp increased its stake in Capital One Financial by 63.4% in the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after purchasing an additional 10,776,843 shares in the last quarter. Geode Capital Management LLC raised its holdings in Capital One Financial by 64.1% in the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after purchasing an additional 5,474,328 shares during the period. Norges Bank bought a new position in shares of Capital One Financial during the second quarter worth $1,701,511,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Capital One Financial by 41.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock valued at $1,491,676,000 after buying an additional 2,050,010 shares during the period. Institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on COF shares. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Citigroup increased their price target on Capital One Financial from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, December 31st. Wells Fargo & Company lifted their price objective on Capital One Financial from $265.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 5th. TD Cowen reissued a “buy” rating on shares of Capital One Financial in a research note on Thursday, January 8th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Capital One Financial from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $274.70.

Capital One Financial Price Performance

Shares of COF opened at $218.97 on Friday. The stock has a market capitalization of $139.21 billion, a P/E ratio of 73.98, a P/E/G ratio of 0.65 and a beta of 1.13. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $259.64. The company has a 50 day moving average of $234.82 and a 200-day moving average of $223.36. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). The business had revenue of $15.62 billion during the quarter, compared to the consensus estimate of $15.49 billion. Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The business’s revenue for the quarter was up 53.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.67 EPS. As a group, equities research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 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, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio is 108.11%.

Insiders Place Their Bets

In other Capital One Financial news, insider Ravi Raghu sold 13,450 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the transaction, the insider owned 30,337 shares of the company’s stock, valued at $7,584,250. The trade was a 30.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lia Dean sold 3,163 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $244.35, for a total value of $772,879.05. Following the completion of the sale, the insider directly owned 66,692 shares of the company’s stock, valued at approximately $16,296,190.20. The trade was a 4.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 195,409 shares of company stock valued at $43,756,821 in the last quarter. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Company 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.