Voya Investment Management LLC Boosts Stock Holdings in Capital One Financial Corporation $COF

Voya Investment Management LLC grew its position in shares of Capital One Financial Corporation (NYSE:COF) by 80.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 988,638 shares of the financial services provider’s stock after purchasing an additional 441,382 shares during the period. Voya Investment Management LLC’s holdings in Capital One Financial were worth $177,263,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after purchasing an additional 10,428 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in shares of Capital One Financial by 19.9% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 15,917 shares of the financial services provider’s stock worth $2,838,000 after buying an additional 2,644 shares during the last quarter. NorthRock Partners LLC purchased a new position in shares of Capital One Financial in the 4th quarter worth $694,000. Nomura Holdings Inc. purchased a new position in shares of Capital One Financial in the 4th quarter worth $2,242,000. Finally, Nissay Asset Management Corp Japan ADV boosted its stake in shares of Capital One Financial by 0.5% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 47,375 shares of the financial services provider’s stock worth $8,538,000 after buying an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Up 0.5%

Shares of Capital One Financial stock opened at $224.56 on Friday. The company’s fifty day simple moving average is $217.84 and its 200-day simple moving average is $196.29. The stock has a market capitalization of $143.61 billion, a PE ratio of 115.16, a P/E/G ratio of 0.87 and a beta of 1.17. Capital One Financial Corporation has a 1-year low of $134.73 and a 1-year high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. The company’s revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.14 EPS. As a group, equities analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is presently 123.08%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on COF shares. Truist Financial raised their price target on Capital One Financial from $225.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Royal Bank Of Canada raised their price target on Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 23rd. Bank of America raised their price target on Capital One Financial from $223.00 to $233.00 and gave the stock a “buy” rating in a research note on Wednesday, May 21st. Citigroup raised their price target on Capital One Financial from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Finally, Wall Street Zen cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.81.

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the sale, the general counsel directly owned 100,486 shares in the company, valued at $22,448,572.40. This trade represents a 1.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,298 shares of company stock valued at $4,679,844 over the last 90 days. Company insiders own 1.26% of the company’s stock.

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.