Capital Research Global Investors Increases Stake in Capital One Financial Corporation $COF

Capital Research Global Investors lifted its stake in Capital One Financial Corporation (NYSE:COF) by 3.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,426,060 shares of the financial services provider’s stock after purchasing an additional 302,733 shares during the period. Capital Research Global Investors’ holdings in Capital One Financial were worth $1,791,264,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of COF. Howard Hughes Medical Institute purchased a new stake in shares of Capital One Financial during the 2nd quarter worth approximately $29,000. WFA of San Diego LLC acquired a new position in Capital One Financial in the 2nd quarter valued at $32,000. Crowley Wealth Management Inc. purchased a new position in Capital One Financial in the third quarter worth $33,000. Wolff Wiese Magana LLC increased its holdings in Capital One Financial by 41.3% in the third quarter. Wolff Wiese Magana LLC now owns 195 shares of the financial services provider’s stock valued at $41,000 after buying an additional 57 shares in the last quarter. Finally, Bell Investment Advisors Inc grew its stake in Capital One Financial by 86.9% in the 2nd quarter. Bell Investment Advisors Inc now owns 200 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 93 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on COF shares. BTIG Research cut their price objective on shares of Capital One Financial from $308.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. TD Cowen reiterated a “buy” rating on shares of Capital One Financial in a research note on Thursday, January 8th. Wolfe Research decreased their price target on shares of Capital One Financial from $294.00 to $280.00 and set an “outperform” rating for the company in a report on Friday, January 23rd. Finally, Barclays reduced their target price on shares of Capital One Financial from $294.00 to $287.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and an average target price of $274.70.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Ravi Raghu sold 13,450 shares of Capital One Financial 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 sale, the insider directly owned 30,337 shares of the company’s stock, valued at approximately $7,584,250. The trade was a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Neal Blinde sold 38,135 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $190.51, for a total value of $7,265,098.85. Following the sale, the insider directly owned 33,551 shares of the company’s stock, valued at $6,391,801.01. This represents a 53.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 67,933 shares of company stock worth $14,363,897 in the last ninety days. 1.26% of the stock is owned by insiders.

Capital One Financial Stock Down 1.3%

NYSE:COF opened at $185.25 on Tuesday. The business’s fifty day moving average price is $220.67 and its 200 day moving average price is $222.02. The firm has a market capitalization of $115.21 billion, a price-to-earnings ratio of 62.58, a PEG ratio of 0.56 and a beta of 1.14. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $259.64.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.During the same period in the previous year, the business earned $2.67 EPS. Capital One Financial’s revenue for the quarter was up 53.3% on a year-over-year basis. On average, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.7%. The ex-dividend date was Thursday, February 19th. Capital One Financial’s dividend payout ratio (DPR) is 108.11%.

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.