Cibc World Market Inc. Has $37.49 Million Stock Holdings in Capital One Financial Corporation $COF

Cibc World Market Inc. increased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 8.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 154,705 shares of the financial services provider’s stock after purchasing an additional 12,428 shares during the quarter. Cibc World Market Inc.’s holdings in Capital One Financial were worth $37,494,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of COF. Norges Bank purchased a new position in Capital One Financial in the fourth quarter valued at about $2,089,803,000. Capital International Investors grew its stake in shares of Capital One Financial by 107.9% in the 3rd 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 in the last quarter. Viking Global Investors LP increased its holdings in 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 worth $1,570,649,000 after buying an additional 1,717,148 shares during the last quarter. Bessemer Group Inc. raised its position in Capital One Financial by 7,143.2% during the fourth quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock valued at $350,966,000 after acquiring an additional 1,428,133 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in 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 acquiring an additional 1,339,215 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Celia Karam sold 1,749 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the sale, the insider directly owned 61,579 shares of the company’s stock, valued at $11,858,883.82. This represents a 2.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total transaction of $643,755.00. Following the completion of the sale, the general counsel owned 97,194 shares in the company, valued at $17,876,892.42. This represents a 3.48% 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 a total of 8,040 shares of company stock valued at $1,498,615 in the last ninety days. Company insiders own 0.78% of the company’s stock.

Capital One Financial Stock Performance

COF opened at $183.63 on Friday. 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’s 50 day moving average price is $189.12 and its two-hundred day moving average price is $208.30. The firm has a market capitalization of $114.27 billion, a P/E ratio of 64.43, a price-to-earnings-growth ratio of 0.65 and a beta of 1.03. Capital One Financial Corporation has a 12-month low of $174.98 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $15.68 billion. During the same quarter last year, the firm earned $4.06 earnings per share. The firm’s quarterly revenue was up 52.3% compared to the same quarter last year. On average, equities analysts forecast that Capital One Financial Corporation will post 19.13 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were paid 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 Tuesday, May 19th. Capital One Financial’s dividend payout ratio is presently 112.28%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on COF shares. Morgan Stanley dropped their price target on shares of 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. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research report on Friday, March 27th. Wells Fargo & Company cut their target price on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. TD Cowen reduced their price target on Capital One Financial from $290.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Finally, BTIG Research reiterated a “buy” rating and set a $224.00 price target on shares of Capital One Financial in a research note on Wednesday, April 22nd. Seventeen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $258.75.

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.