Ontario Teachers Pension Plan Board Purchases Shares of 818,194 Capital One Financial Corporation $COF

Ontario Teachers Pension Plan Board acquired a new position in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 818,194 shares of the financial services provider’s stock, valued at approximately $174,079,000. Capital One Financial accounts for approximately 3.4% of Ontario Teachers Pension Plan Board’s portfolio, making the stock its 9th largest holding. Ontario Teachers Pension Plan Board owned 0.21% of Capital One Financial at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in COF. Kingstone Capital Partners Texas LLC grew its holdings in Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after buying an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Capital One Financial by 1.6% during the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider’s stock worth $5,782,590,000 after acquiring an additional 506,105 shares during the last quarter. Geode Capital Management LLC grew its stake in Capital One Financial by 64.1% during 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 in the last quarter. Bank of New York Mellon Corp grew 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 acquiring an additional 2,050,010 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Capital One Financial by 18.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock valued at $854,647,000 after acquiring an additional 734,939 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Activity

In related news, CAO Timothy P. Golden sold 207 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares of the company’s stock, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard D. Fairbank sold 103,487 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total value of $22,837,511.16. Following the completion of the transaction, the chief executive officer directly owned 4,001,228 shares in the company, valued at $882,990,995.04. This trade represents a 2.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 256,380 shares of company stock worth $57,129,478 in the last ninety days. 1.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on COF. HSBC increased their price objective on shares of Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. Zacks Research raised Capital One Financial from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Wolfe Research lifted their price objective on Capital One Financial from $260.00 to $262.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company upped their price objective on Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Finally, Truist Financial increased their target price on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $261.63.

Capital One Financial Stock Performance

NYSE:COF opened at $210.74 on Friday. The firm has a market capitalization of $133.97 billion, a PE ratio of 88.92, a PEG ratio of 0.70 and a beta of 1.19. The stock’s fifty day moving average is $218.70 and its 200 day moving average is $210.96. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The company had revenue of $15.46 billion during the quarter. On average, sell-side analysts anticipate 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 will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be given a $0.80 dividend. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s dividend payout ratio is currently 135.02%.

Capital One Financial Company Profile

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.