Mitsubishi UFJ Asset Management Co. Ltd. Raises Position in Capital One Financial Corporation $COF

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Capital One Financial Corporation (NYSE:COF) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,339,528 shares of the financial services provider’s stock after buying an additional 59,166 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Capital One Financial were worth $332,109,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cortland Associates Inc. MO purchased a new stake in Capital One Financial during the 3rd quarter worth about $14,391,000. Meridian Wealth Management LLC boosted its stake in shares of Capital One Financial by 334.8% in the 3rd quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock valued at $1,999,000 after buying an additional 7,241 shares during the period. National Pension Service grew its position in shares of Capital One Financial by 4.0% during the third quarter. National Pension Service now owns 1,552,736 shares of the financial services provider’s stock worth $330,081,000 after buying an additional 59,100 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of Capital One Financial by 58.5% during the third quarter. B. Riley Wealth Advisors Inc. now owns 36,685 shares of the financial services provider’s stock worth $7,798,000 after buying an additional 13,539 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Capital One Financial by 17.3% during the third quarter. Jones Financial Companies Lllp now owns 129,013 shares of the financial services provider’s stock worth $28,861,000 after buying an additional 19,059 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In related news, insider Lia Dean sold 1,692 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total transaction of $314,052.12. Following the transaction, the insider directly owned 65,454 shares in the company, valued at approximately $12,148,916.94. This represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of Capital One Financial stock in a transaction dated Friday, May 1st. The shares were 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 $11,858,883.82. This trade represents a 2.76% 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. Over the last ninety days, insiders have sold 46,404 shares of company stock valued at $8,884,404. 0.78% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada decreased their price target on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a research note on Friday, April 10th. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a report on Friday, March 27th. Evercore lowered 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. Wall Street Zen cut Capital One Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, The Goldman Sachs Group dropped their target price on shares of Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Eighteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $258.14.

Capital One Financial Stock Down 0.1%

Shares of NYSE:COF opened at $189.70 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $117.98 billion, a P/E ratio of 66.56, a P/E/G ratio of 0.69 and a beta of 1.05. Capital One Financial Corporation has a 52-week low of $174.98 and a 52-week high of $259.64. The stock’s fifty day simple moving average is $190.07 and its 200-day simple moving average is $213.26.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 4.29% and a return on equity of 10.59%. Capital One Financial’s revenue for the quarter was up 52.3% on a year-over-year basis. During the same quarter last year, the company posted $4.06 earnings per share. As a group, equities research analysts forecast that Capital One Financial Corporation will post 19.17 earnings per share for the current fiscal year.

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.