Ameriprise Financial Inc. Acquires 222,295 Shares of Capital One Financial Corporation $COF

Key Points

• Ameriprise Financial Inc. has significantly increased its stake in Capital One Financial Corporation, buying 222,295 shares, bringing its total ownership to 443,647 shares valued at approximately $79.6 million.
• Several other institutional investors have also raised their stakes in Capital One, with overall institutional ownership now at 89.84%.
• Capital One recently declared a quarterly dividend of $0.60 per share, representing a 1.1% dividend yield and a payout ratio of 123.08%.

Ameriprise Financial Inc. grew its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 100.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 443,647 shares of the financial services provider's stock after acquiring an additional 222,295 shares during the period. Ameriprise Financial Inc. owned 0.12% of Capital One Financial worth $79,595,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Beacon Capital Management LLC raised its stake in shares of Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after acquiring an additional 97 shares during the last quarter. Motco raised its stake in shares of Capital One Financial by 115.1% during the first quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after buying an additional 137 shares during the last quarter. Bogart Wealth LLC raised its stake in shares of Capital One Financial by 1,518.8% during the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after buying an additional 243 shares during the last quarter. Rossby Financial LCC bought a new stake in shares of Capital One Financial during the first quarter worth approximately $48,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of Capital One Financial during the first quarter worth approximately $54,000. 89.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

COF has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Bank of America boosted their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Wall Street Zen cut shares of Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Citigroup increased their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $238.81.

Capital One Financial Trading Up 0.1%

NYSE:COF traded up $0.29 during mid-day trading on Friday, hitting $227.43. 2,551,623 shares of the company's stock were exchanged, compared to its average volume of 4,374,662. The company has a 50 day simple moving average of $215.19 and a 200-day simple moving average of $194.76. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a fifty-two week low of $131.55 and a fifty-two week high of $232.45. The firm has a market capitalization of $145.44 billion, a P/E ratio of 116.63, a PEG ratio of 0.88 and a beta of 1.16.

Capital One Financial (NYSE:COF - Get Free Report) last posted its 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 business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the prior year, the business earned $3.14 earnings per share. The firm's quarterly revenue was up 31.4% on a year-over-year basis. As a group, research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

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

Insiders Place Their Bets

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the transaction, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,298 shares of company stock worth $4,233,044. 1.26% of the stock is currently owned by insiders.

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.