OMERS ADMINISTRATION Corp Increases Holdings in Capital One Financial Co. (NYSE:COF)

OMERS ADMINISTRATION Corp increased its stake in Capital One Financial Co. (NYSE:COF) by 19.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,917 shares of the financial services provider’s stock after buying an additional 2,644 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Capital One Financial were worth $2,838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COF. Norden Group LLC boosted its stake in Capital One Financial by 2.6% in the fourth quarter. Norden Group LLC now owns 2,010 shares of the financial services provider’s stock valued at $358,000 after acquiring an additional 51 shares during the last quarter. Catalyst Financial Partners LLC raised its holdings in shares of Capital One Financial by 3.9% in the 4th quarter. Catalyst Financial Partners LLC now owns 1,428 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 54 shares during the period. Quadrant Capital Group LLC lifted its stake in Capital One Financial by 1.0% in the fourth quarter. Quadrant Capital Group LLC now owns 5,247 shares of the financial services provider’s stock valued at $936,000 after purchasing an additional 54 shares during the last quarter. Gladstone Institutional Advisory LLC grew its holdings in Capital One Financial by 3.3% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 56 shares during the period. Finally, TFB Advisors LLC grew its holdings in Capital One Financial by 4.1% during the fourth quarter. TFB Advisors LLC now owns 1,488 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 59 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

Shares of NYSE COF opened at $196.59 on Thursday. The stock’s 50-day simple moving average is $174.37 and its two-hundred day simple moving average is $183.21. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67. The firm has a market capitalization of $75.32 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.19 and a beta of 1.13. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.31. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.07 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. As a group, equities analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Friday, May 23rd. Capital One Financial’s dividend payout ratio (DPR) is currently 20.15%.

Insider Activity

In related news, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the transaction, the insider now owns 20,089 shares in the company, valued at $4,005,746.60. This trade represents a 32.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the sale, the director now owns 56,244 shares of the company’s stock, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on COF. Bank of America upgraded Capital One Financial from a “neutral” rating to a “buy” rating and increased their price target for the stock from $207.00 to $235.00 in a research note on Wednesday, February 19th. Wells Fargo & Company increased their target price on shares of Capital One Financial from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Truist Financial lifted their target price on shares of Capital One Financial from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. Argus upgraded shares of Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Barclays raised their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $207.73.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.