Primecap Management Co. CA Purchases Shares of 545,321 Capital One Financial Corporation $COF

Primecap Management Co. CA acquired a new stake in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 545,321 shares of the financial services provider’s stock, valued at approximately $116,022,000. Primecap Management Co. CA owned approximately 0.09% of Capital One Financial at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Kingstone Capital Partners Texas LLC increased its position in shares of Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after acquiring an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. grew its holdings in Capital One Financial by 74.8% during the 2nd 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. Geode Capital Management LLC lifted its stake in shares of Capital One Financial by 64.1% in the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after acquiring an additional 5,474,328 shares in the last quarter. Boston Partners acquired a new stake in Capital One Financial during the 2nd quarter valued at approximately $533,486,000. Finally, Diamond Hill Capital Management Inc. acquired a new position in shares of Capital One Financial in the 1st quarter valued at approximately $381,848,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on COF shares. Deutsche Bank Aktiengesellschaft lifted their price target on Capital One Financial from $224.00 to $240.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company boosted their price target on Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, July 25th. UBS Group dropped their price target on 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. Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Finally, Evercore ISI upped their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Four analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Insider Transactions at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $219.41, for a total value of $438,820.00. Following the completion of the sale, the general counsel owned 96,486 shares in the company, valued at $21,169,993.26. This represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Frank G. LapradeIii sold 17,840 shares of Capital One Financial 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 directly owned 48,315 shares in the company, valued at approximately $10,727,379.45. The trade was a 26.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 274,013 shares of company stock worth $61,045,903 over the last 90 days. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Up 1.1%

Capital One Financial stock opened at $202.15 on Thursday. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The stock has a market cap of $128.51 billion, a price-to-earnings ratio of 85.29, a PEG ratio of 0.70 and a beta of 1.19. The company’s 50-day moving average price is $217.46 and its two-hundred day moving average price is $211.35. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.46 billion during the quarter. On average, analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given a dividend of $0.80 per share. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, November 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial’s payout ratio is 135.02%.

Capital One Financial 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.