Fifth Third Bancorp Purchases 151,209 Shares of Capital One Financial Corporation $COF

Fifth Third Bancorp increased its position in Capital One Financial Corporation (NYSE:COF) by 82.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 334,544 shares of the financial services provider’s stock after purchasing an additional 151,209 shares during the period. Fifth Third Bancorp’s holdings in Capital One Financial were worth $61,031,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Capital One Financial during the 4th quarter valued at $2,089,803,000. Viking Global Investors LP increased its stake in shares of Capital One Financial by 30.3% in the 3rd quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after acquiring an additional 1,717,148 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Capital One Financial by 7,143.2% in the 4th quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock worth $350,966,000 after acquiring an additional 1,428,133 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Capital One Financial by 64.9% in the 4th quarter. AQR Capital Management LLC now owns 3,366,692 shares of the financial services provider’s stock worth $815,951,000 after acquiring an additional 1,324,845 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in Capital One Financial by 61.8% during the 2nd quarter. Alliancebernstein L.P. now owns 1,969,661 shares of the financial services provider’s stock valued at $419,065,000 after acquiring an additional 752,461 shares during the period. Institutional investors own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Celia Karam sold 1,749 shares of Capital One Financial stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the sale, the insider owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. This trade represents a 2.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the transaction, the general counsel owned 90,194 shares of the company’s stock, valued at $18,760,352. This represents a 3.74% 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 a total of 8,749 shares of company stock worth $1,708,577 over the last ninety days. 0.78% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

COF has been the topic of several research reports. Wells Fargo & Company dropped their price objective on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Evercore decreased their target price on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a research note on Monday, April 6th. BTIG Research lifted their target price on shares of Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and set a $229.00 price target on the stock in a research note on Sunday. Finally, Morgan Stanley reduced their price objective on Capital One Financial from $300.00 to $273.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Twenty analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus price target of $258.55.

Capital One Financial Stock Performance

Shares of COF stock opened at $201.42 on Monday. The company has a market capitalization of $125.34 billion, a price-to-earnings ratio of 70.68, a price-to-earnings-growth ratio of 0.73 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The company’s 50-day moving average is $191.87 and its 200 day moving average is $203.09.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.08 by ($0.66). The firm had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The firm’s quarterly revenue was up 52.3% on a year-over-year basis. During the same period last year, the firm posted $4.06 earnings per share. Sell-side analysts expect that Capital One Financial Corporation will post 19.55 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were given a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s dividend payout ratio is 112.28%.

About Capital One Financial

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.