AIA Group Ltd Increases Holdings in Capital One Financial Corporation (NYSE:COF)

Key Points

• AIA Group Ltd increased its stake in Capital One Financial Corporation by 26.6%, now owning 13,082 shares valued at approximately $2.35 million.
• Capital One reported strong earnings with an EPS of $5.48 for the last quarter, significantly exceeding analyst expectations of $1.93.
• The company's quarterly dividend is set at $0.60, with a payout ratio of 123.08%, indicating a substantial return to shareholders despite the high payout relative to earnings.

AIA Group Ltd raised its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 26.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,082 shares of the financial services provider's stock after buying an additional 2,748 shares during the quarter. AIA Group Ltd's holdings in Capital One Financial were worth $2,346,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in COF. Vanguard Group Inc. lifted its stake in shares of Capital One Financial by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider's stock worth $5,782,590,000 after acquiring an additional 506,105 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Capital One Financial by 23.7% during the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock worth $889,519,000 after acquiring an additional 950,415 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Capital One Financial by 18.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock worth $854,647,000 after acquiring an additional 734,939 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Capital One Financial by 13.3% during the 1st quarter. Invesco Ltd. now owns 4,665,496 shares of the financial services provider's stock worth $836,523,000 after acquiring an additional 548,052 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Capital One Financial by 21.8% during the 4th quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock worth $790,564,000 after acquiring an additional 793,765 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on COF shares. Wells Fargo & Company raised their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Wall Street Zen downgraded Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Truist Financial upped their target price on Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Finally, Royal Bank Of Canada upped their price target on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $238.81.

Insider Transactions at Capital One Financial

In other news, CAO Timothy P. Golden sold 3,462 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the transaction, the insider owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,091 shares of company stock worth $4,188,454 over the last ninety days. Company insiders own 1.26% of the company's stock.

Capital One Financial Trading Down 2.3%

COF stock traded down $5.00 during midday trading on Friday, hitting $215.48. 4,440,996 shares of the company's stock were exchanged, compared to its average volume of 4,460,860. The business has a 50-day simple moving average of $210.82 and a two-hundred day simple moving average of $193.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $137.80 billion, a PE ratio of 110.50, a P/E/G ratio of 0.84 and a beta of 1.16. Capital One Financial Corporation has a 1-year low of $131.55 and a 1-year high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. During the same quarter in the prior year, the business earned $3.14 earnings per share. The company's quarterly revenue was up 31.4% on a year-over-year basis. On average, sell-side analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is currently 123.08%.

Capital One Financial Company Profile

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.