Mitsubishi UFJ Trust & Banking Corp Reduces Stock Holdings in Capital One Financial Corporation $COF

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of Capital One Financial Corporation (NYSE:COF) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 254,858 shares of the financial services provider’s stock after selling 11,954 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Capital One Financial were worth $51,130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in shares of Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after buying an additional 10,428 shares during the last quarter. Intech Investment Management LLC increased its holdings in Capital One Financial by 44.3% during the first quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock valued at $1,608,000 after buying an additional 2,753 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in Capital One Financial by 118.3% during the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock valued at $702,000 after buying an additional 1,788 shares during the last quarter. Flow Traders U.S. LLC bought a new position in Capital One Financial in the second quarter worth approximately $218,000. Finally, Jump Financial LLC bought a new position in Capital One Financial in the second quarter worth approximately $1,086,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 0.1%

COF opened at $227.19 on Monday. The company has a market capitalization of $139.37 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02. The firm has a 50-day simple moving average of $204.93 and a two-hundred day simple moving average of $198.05. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64.

Capital One Financial (NYSE:COF) last issued 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 firm 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 was up 26.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.48 earnings per share. Analysts forecast that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.4%. Capital One Financial’s payout ratio is presently 19.80%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on COF. UBS Group lifted their price target 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. Citigroup reduced their price objective on Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. Piper Sandler initiated coverage on Capital One Financial in a report on Monday, June 29th. They issued an “overweight” rating and a $254.00 target price on the stock. Argus cut their price target on Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Finally, Barclays reduced their price target on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Twenty-one 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 an average target price of $259.36.

Insider Transactions at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total transaction of $728,000.00. Following the completion of the transaction, the general counsel directly owned 90,194 shares in the company, valued at approximately $18,760,352. This represents a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the business’s stock in a transaction 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 sale, the insider owned 27,992 shares in the company, valued at $6,102,815.84. This represents a 16.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 22,186 shares of company stock valued at $4,697,301 over the last 90 days. Insiders own 0.78% of the company’s stock.

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.