Varma Mutual Pension Insurance Co Purchases 5,700 Shares of Capital One Financial Corporation $COF

Varma Mutual Pension Insurance Co raised its position in Capital One Financial Corporation (NYSE:COF) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,282 shares of the financial services provider’s stock after buying an additional 5,700 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Capital One Financial were worth $31,333,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in COF. Capital International Investors raised its stake in shares of Capital One Financial by 107.9% in the third quarter. Capital International Investors now owns 4,040,408 shares of the financial services provider’s stock valued at $859,602,000 after buying an additional 2,097,208 shares during the period. Viking Global Investors LP raised its stake in shares of Capital One Financial by 30.3% in the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock valued at $1,570,649,000 after buying an additional 1,717,148 shares during the period. Franklin Resources Inc. raised its stake in shares of Capital One Financial by 12.8% in the third quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock valued at $2,516,587,000 after buying an additional 1,339,215 shares during the period. Waverton Investment Management Ltd raised its stake in shares of Capital One Financial by 1,390.9% in the third quarter. Waverton Investment Management Ltd now owns 1,181,834 shares of the financial services provider’s stock valued at $251,323,000 after buying an additional 1,102,563 shares during the period. Finally, Close Asset Management Ltd bought a new stake in shares of Capital One Financial in the third quarter valued at $233,087,000. 89.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Lia Dean sold 3,284 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total transaction of $734,565.12. Following the completion of the transaction, the insider directly owned 70,162 shares in the company, valued at $15,693,836.16. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Neal Blinde sold 38,135 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total value of $7,265,098.85. Following the transaction, the insider owned 33,551 shares of the company’s stock, valued at approximately $6,391,801.01. The trade was a 53.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 47,939 shares of company stock valued at $9,282,146 in the last ninety days. Corporate insiders own 0.78% of the company’s stock.

Capital One Financial Price Performance

Capital One Financial stock opened at $191.87 on Monday. Capital One Financial Corporation has a 52 week low of $174.98 and a 52 week high of $259.64. The business has a 50-day simple moving average of $190.44 and a 200 day simple moving average of $213.44. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The stock has a market cap of $119.33 billion, a price-to-earnings ratio of 67.32, a PEG ratio of 0.70 and a beta of 1.05.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $15.68 billion. During the same quarter in the previous year, the firm earned $4.06 earnings per share. Capital One Financial’s quarterly revenue was up 52.3% compared to the same quarter last year. On average, research analysts forecast that Capital One Financial Corporation will post 19.17 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.7%. The ex-dividend date was Thursday, February 19th. Capital One Financial’s payout ratio is presently 112.28%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wolfe Research lowered their target price on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating on the stock in a research note on Friday, January 23rd. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $213.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. TD Cowen lowered their target price on Capital One Financial from $290.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Argus lowered their target price on Capital One Financial from $260.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, Morgan Stanley lowered their target price on Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Eighteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.14.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.