Elo Mutual Pension Insurance Co Has $12.89 Million Stake in Capital One Financial Corporation $COF

Elo Mutual Pension Insurance Co raised its stake in Capital One Financial Corporation (NYSE:COF) by 13.4% during the third quarter, HoldingsChannel.com reports. The fund owned 60,655 shares of the financial services provider’s stock after acquiring an additional 7,177 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Capital One Financial were worth $12,894,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Capital One Financial by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 56,537,167 shares of the financial services provider’s stock valued at $12,018,671,000 after purchasing an additional 156,254 shares during the last quarter. State Street Corp increased its holdings in shares of Capital One Financial by 63.4% during the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after buying an additional 10,776,843 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 valued at $2,970,628,000 after acquiring an additional 5,474,328 shares during the last quarter. Norges Bank acquired a new position in shares of Capital One Financial in the 2nd quarter worth approximately $1,701,511,000. Finally, Bank of New York Mellon Corp grew its position in Capital One Financial by 41.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock worth $1,491,676,000 after acquiring an additional 2,050,010 shares during the last quarter. 89.84% of the stock is owned by institutional investors.

Capital One Financial Price Performance

Shares of COF opened at $195.26 on Monday. 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 Corporation has a twelve month low of $143.22 and a twelve month high of $259.64. The stock has a market capitalization of $121.44 billion, a P/E ratio of 65.97, a P/E/G ratio of 0.59 and a beta of 1.14. The company has a 50 day moving average of $227.35 and a 200-day moving average of $223.03.

Capital One Financial (NYSE:COF) last released its quarterly earnings data 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). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The business’s quarterly revenue was up 53.3% on a year-over-year basis. During the same period last year, the company posted $2.67 earnings per share. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is currently 108.11%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Jefferies Financial Group increased their target price on Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. The Goldman Sachs Group reissued a “buy” rating and set a $300.00 price target on shares of Capital One Financial in a research report on Tuesday, January 6th. TD Cowen restated a “buy” rating on shares of Capital One Financial in a research report on Thursday, January 8th. BTIG Research reduced their target price on Capital One Financial from $308.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, January 23rd. Finally, Evercore lowered their target price on Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and an average price target of $274.70.

Insider Buying and Selling

In other Capital One Financial news, insider Jason P. Hanson sold 3,729 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total value of $764,445.00. Following the completion of the sale, the insider owned 40,230 shares of the company’s stock, valued at $8,247,150. The trade was a 8.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lia Dean sold 3,284 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total transaction of $734,565.12. Following the transaction, the insider owned 70,162 shares in the company, valued at approximately $15,693,836.16. The trade was a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 69,933 shares of company stock valued at $14,806,977 in the last 90 days. 1.26% of the stock is currently owned by corporate insiders.

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.