Capital One Financial Corporation $COF Shares Bought by Prudential Financial Inc.

Prudential Financial Inc. lifted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 335.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 897,606 shares of the financial services provider’s stock after buying an additional 691,270 shares during the quarter. Prudential Financial Inc. owned approximately 0.14% of Capital One Financial worth $190,975,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. 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 worth $24,988,129,000 after acquiring an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Capital One Financial by 74.8% in 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 position in shares of Capital One Financial by 64.1% during 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 purchasing an additional 5,474,328 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 worth $1,491,676,000 after purchasing 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 first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock valued at $854,647,000 after buying an additional 734,939 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on COF shares. Redburn Atlantic raised Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. Rothschild & Co Redburn assumed coverage on Capital One Financial in a research note on Friday, August 1st. They set a “buy” rating and a $290.00 target price for the company. JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Barclays raised their price objective on shares of Capital One Financial from $257.00 to $271.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Finally, Citigroup upped their target price on shares of Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Four analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Capital One Financial Stock Performance

Shares of COF opened at $207.96 on Friday. The company’s 50 day simple moving average is $216.71 and its 200-day simple moving average is $211.61. The firm has a market cap of $132.21 billion, a PE ratio of 87.75, a price-to-earnings-growth ratio of 0.70 and a beta of 1.19. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. 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 issued its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The firm had revenue of $15.46 billion during the quarter. As a group, equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The business also recently declared 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 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 yield of 1.5%. Capital One Financial’s payout ratio is presently 135.02%.

Insider Buying and Selling

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $219.41, for a total transaction of $438,820.00. Following the completion of the sale, the general counsel directly owned 96,486 shares of the company’s stock, valued at $21,169,993.26. This represents a 2.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard D. Fairbank sold 103,487 shares of Capital One Financial stock in a transaction that occurred 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 owned 4,001,228 shares in the company, valued at $882,990,995.04. This trade represents a 2.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 274,013 shares of company stock worth $61,045,903. Insiders own 1.26% of the company’s stock.

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.