State Street Corp Raises Stock Position in Capital One Financial Corporation $COF

State Street Corp lifted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,873,327 shares of the financial services provider’s stock after acquiring an additional 50,147 shares during the quarter. State Street Corp’s holdings in Capital One Financial were worth $6,755,380,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of COF. Victory Capital Management Inc. increased its holdings in Capital One Financial by 16.6% during the third quarter. Victory Capital Management Inc. now owns 378,450 shares of the financial services provider’s stock valued at $80,451,000 after buying an additional 53,961 shares during the period. APG Asset Management N.V. increased its holdings in Capital One Financial by 12.9% during the third quarter. APG Asset Management N.V. now owns 416,935 shares of the financial services provider’s stock valued at $88,632,000 after buying an additional 47,627 shares during the period. Swiss Life Asset Management Ltd increased its holdings in Capital One Financial by 16.4% during the third quarter. Swiss Life Asset Management Ltd now owns 104,192 shares of the financial services provider’s stock valued at $22,149,000 after buying an additional 14,700 shares during the period. Waverton Investment Management Ltd increased its holdings in Capital One Financial by 1,390.9% during 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, Public Sector Pension Investment Board increased its holdings in Capital One Financial by 28.8% during the third quarter. Public Sector Pension Investment Board now owns 169,667 shares of the financial services provider’s stock valued at $36,068,000 after buying an additional 37,987 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total transaction of $643,755.00. Following the completion of the transaction, the general counsel directly owned 97,194 shares in the company, valued at $17,876,892.42. The trade was a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 1,692 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total transaction of $314,052.12. Following the transaction, the insider owned 65,454 shares of the company’s stock, valued at $12,148,916.94. This represents a 2.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,040 shares of company stock worth $1,498,615 over the last three months. Company insiders own 0.78% of the company’s stock.

Capital One Financial Trading Up 1.3%

NYSE:COF opened at $184.44 on Friday. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The firm has a fifty day simple moving average of $189.13 and a 200-day simple moving average of $207.36. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $114.78 billion, a P/E ratio of 64.72, a PEG ratio of 0.65 and a beta of 1.03.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data 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 company had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.68 billion. During the same quarter in the previous year, the firm posted $4.06 earnings per share. The company’s quarterly revenue was up 52.3% on a year-over-year basis. On average, equities research analysts anticipate that Capital One Financial Corporation will post 19.51 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were given a dividend of $0.80 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. Capital One Financial’s payout ratio is currently 112.28%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on COF. Evercore lowered their target price on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a research note on Monday, April 6th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. Truist Financial lowered their target price on shares of Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. TD Cowen lowered their target price on shares of Capital One Financial from $290.00 to $260.00 and set a “buy” rating for the company in a research note on Tuesday, March 31st. Finally, BTIG Research restated a “buy” rating and issued a $224.00 target price on shares of Capital One Financial in a research note on Wednesday, April 22nd. Seventeen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $258.75.

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.