National Pension Service Raises Stock Holdings in Capital One Financial Corporation $COF

National Pension Service boosted its position in Capital One Financial Corporation (NYSE:COF) by 4.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,552,736 shares of the financial services provider’s stock after purchasing an additional 59,100 shares during the quarter. National Pension Service’s holdings in Capital One Financial were worth $330,081,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COF. Vanguard Group Inc. increased its stake in shares of Capital One Financial by 74.8% during the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock valued at $11,995,603,000 after purchasing an additional 24,129,990 shares in the last quarter. State Street Corp grew its stake in shares of Capital One Financial by 63.4% in the 2nd 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 during the last quarter. Geode Capital Management LLC grew its stake in shares of Capital One Financial by 64.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after buying an additional 5,474,328 shares during the last quarter. Norges Bank bought a new position in Capital One Financial during the 2nd quarter valued at approximately $1,701,511,000. Finally, Bank of New York Mellon Corp raised its stake in Capital One Financial by 41.3% during the second 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 last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Frank G. LapradeIii sold 17,840 shares of the stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $222.03, for a total value of $3,961,015.20. Following the transaction, the insider owned 48,315 shares of the company’s stock, valued at approximately $10,727,379.45. This represents a 26.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lia Dean sold 3,163 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $244.35, for a total value of $772,879.05. Following the completion of the transaction, the insider directly owned 66,692 shares in the company, valued at $16,296,190.20. The trade was a 4.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 195,409 shares of company stock valued at $43,756,821 in the last 90 days. 1.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on COF. BTIG Research cut their target price on Capital One Financial from $308.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. UBS Group cut their price objective on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Wolfe Research reduced their price objective on shares of Capital One Financial from $294.00 to $280.00 and set an “outperform” rating for the company in a research note on Friday, January 23rd. Morgan Stanley upped their target price on shares of Capital One Financial from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Friday, January 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $274.70.

Capital One Financial Stock Down 0.2%

COF opened at $218.97 on Friday. The stock has a market capitalization of $139.21 billion, a price-to-earnings ratio of 73.98, a PEG ratio of 0.65 and a beta of 1.13. The firm has a 50 day moving average price of $234.82 and a 200-day moving average price of $223.30. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $259.64. 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 posted its earnings results 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 company 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 company’s revenue for the quarter was up 53.3% on a year-over-year basis. During the same period last year, the firm posted $2.67 EPS. Equities research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, November 17th. Capital One Financial’s dividend payout ratio (DPR) is currently 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.