Capital International Investors Buys 2,097,208 Shares of Capital One Financial Corporation $COF

Capital International Investors boosted its stake in Capital One Financial Corporation (NYSE:COF) by 107.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,040,408 shares of the financial services provider’s stock after buying an additional 2,097,208 shares during the period. Capital International Investors owned approximately 0.64% of Capital One Financial worth $859,602,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Howard Hughes Medical Institute bought a new stake in shares of Capital One Financial during the second quarter worth approximately $29,000. WFA of San Diego LLC acquired a new position in shares of Capital One Financial in the second quarter valued at approximately $32,000. Crowley Wealth Management Inc. bought a new position in shares of Capital One Financial during the third quarter worth approximately $33,000. Wolff Wiese Magana LLC lifted its holdings in Capital One Financial by 41.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 57 shares during the last quarter. Finally, Bell Investment Advisors Inc lifted its holdings in Capital One Financial by 86.9% during the 2nd quarter. Bell Investment Advisors Inc now owns 200 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 93 shares during the last quarter. 89.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

COF has been the topic of a number of research reports. HSBC decreased their price objective on Capital One Financial from $234.00 to $226.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. BTIG Research reduced their target price on shares of Capital One Financial from $308.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. TD Cowen restated a “buy” rating on shares of Capital One Financial in a research note on Thursday, January 8th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $300.00 price target on shares of Capital One Financial in a research report on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $274.70.

Capital One Financial Price Performance

COF stock opened at $184.93 on Wednesday. The company’s 50-day moving average price is $219.49 and its two-hundred day moving average price is $221.76. The firm has a market cap of $115.01 billion, a P/E ratio of 62.47, a P/E/G ratio of 0.56 and a beta of 1.14. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $259.64.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The business’s quarterly revenue was up 53.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.67 EPS. On average, analysts anticipate that Capital One Financial Corporation will post 15.65 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. Shareholders of record on Thursday, February 19th were paid a dividend of $0.80 per share. The ex-dividend date was Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.7%. Capital One Financial’s dividend payout ratio is presently 108.11%.

Insider Transactions at Capital One Financial

In other news, insider Lia Dean sold 3,284 shares of Capital One Financial stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total value of $734,565.12. Following the transaction, the insider owned 70,162 shares in the company, valued at approximately $15,693,836.16. This trade represents a 4.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jason P. Hanson sold 3,729 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total value of $764,445.00. Following the transaction, the insider directly owned 40,230 shares of the company’s stock, valued at $8,247,150. This trade represents a 8.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 67,933 shares of company stock worth $14,363,897. 1.26% of the stock is owned by insiders.

About Capital One Financial

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.