Canada Pension Plan Investment Board Grows Stake in Capital One Financial Co. (NYSE:COF)

Canada Pension Plan Investment Board boosted its position in shares of Capital One Financial Co. (NYSE:COF) by 103.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 444,210 shares of the financial services provider’s stock after acquiring an additional 225,700 shares during the quarter. Canada Pension Plan Investment Board owned 0.12% of Capital One Financial worth $61,501,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of COF. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in shares of Capital One Financial during the 4th quarter valued at about $2,299,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Capital One Financial by 21.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider’s stock worth $4,093,000 after acquiring an additional 4,840 shares during the period. Twin Tree Management LP boosted its stake in shares of Capital One Financial by 5.6% during the 1st quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider’s stock worth $10,200,000 after acquiring an additional 3,609 shares during the last quarter. Clear Harbor Asset Management LLC bought a new stake in shares of Capital One Financial during the 2nd quarter valued at $511,000. Finally, QRG Capital Management Inc. increased its stake in shares of Capital One Financial by 3.2% in the 2nd quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider’s stock worth $16,927,000 after purchasing an additional 3,776 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on COF shares. Evercore ISI lowered their target price on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 price objective on shares of Capital One Financial in a research note on Thursday, July 25th. BTIG Research began coverage on shares of Capital One Financial in a research note on Friday, June 7th. They set a “neutral” rating on the stock. Bank of America upped their price target on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Citigroup began coverage on shares of Capital One Financial in a research report on Friday. They set a “buy” rating and a $190.00 price objective on the stock. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $147.21.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the sale, the insider now directly owns 73,734 shares of the company’s stock, valued at $11,060,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the sale, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $152.28 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. Capital One Financial Co. has a 12 month low of $88.23 and a 12 month high of $153.36. The stock has a 50 day moving average of $142.56 and a 200 day moving average of $140.90. The firm has a market cap of $57.90 billion, a PE ratio of 11.92, a PEG ratio of 1.08 and a beta of 1.44.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The business had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $3.52 earnings per share. On average, research analysts expect that Capital One Financial Co. will post 13.1 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were issued a $0.60 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.58%. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.