Canada Pension Plan Investment Board Takes Position in Capital One Financial Corporation $COF

Canada Pension Plan Investment Board purchased a new position in Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,406,131 shares of the financial services provider’s stock, valued at approximately $482,718,000. Canada Pension Plan Investment Board owned approximately 0.39% of Capital One Financial as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Command Advisory Services Inc. boosted its holdings in Capital One Financial by 4.5% in the fourth quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 46 shares in the last quarter. Dogwood Wealth Management LLC increased its holdings in shares of Capital One Financial by 26.0% during the fourth quarter. Dogwood Wealth Management LLC now owns 228 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 47 shares in the last quarter. High Note Wealth LLC increased its holdings in shares of Capital One Financial by 44.9% during the fourth quarter. High Note Wealth LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 48 shares in the last quarter. Fiducient Advisors LLC raised its position in shares of Capital One Financial by 4.2% in the 4th quarter. Fiducient Advisors LLC now owns 1,196 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 48 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. raised its position in shares of Capital One Financial by 5.0% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 1,057 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total value of $728,000.00. Following the transaction, the general counsel directly owned 90,194 shares in the company, valued at approximately $18,760,352. This trade represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the transaction, the insider owned 27,992 shares in the company, valued at $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,267 shares of company stock valued at $5,617,648 in the last 90 days. 0.78% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays cut their price objective on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. UBS Group upped their target price on shares of Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Wall Street Zen downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, HSBC upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $226.00 to $229.00 in a report on Sunday, July 12th. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and a consensus price target of $258.91.

Capital One Financial Stock Up 0.0%

Capital One Financial stock opened at $216.29 on Wednesday. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The stock has a fifty day moving average of $209.40 and a 200 day moving average of $197.91. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $132.69 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.79 and a beta of 1.02.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.79 by $1.02. The business had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same period last year, the firm posted $5.48 earnings per share. As a group, sell-side analysts predict that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, August 17th. Capital One Financial’s dividend payout ratio is 19.80%.

Capital One Financial 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.