ASR Vermogensbeheer N.V. Invests $11.37 Million in Capital One Financial Corporation (NYSE:COF)

Key Points

• ASR Vermogensbeheer N.V. has invested $11.37 million in Capital One Financial Corporation by acquiring 63,390 shares during the first quarter, reflecting significant interest from institutional investors.
• Capital One Financial reported an EPS of $5.48 for the last quarter, beating analysts' expectations of $1.93, while quarterly revenue grew by 31.4% compared to the previous year.
• The company has announced a quarterly dividend of $0.60 per share, with a dividend yield of 1.1%, despite a high payout ratio of 123.08%.

ASR Vermogensbeheer N.V. bought a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 63,390 shares of the financial services provider's stock, valued at approximately $11,365,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Beacon Capital Management LLC grew its position in Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after purchasing an additional 97 shares in the last quarter. Bogart Wealth LLC lifted its holdings in shares of Capital One Financial by 1,518.8% during the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after buying an additional 243 shares during the last quarter. Motco lifted its stake in Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 137 shares during the last quarter. Rossby Financial LCC bought a new stake in Capital One Financial in the first quarter worth $48,000. Finally, Bernard Wealth Management Corp. acquired a new position in shares of Capital One Financial during the 1st quarter valued at about $54,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Price Performance

Shares of NYSE COF opened at $212.83 on Thursday. The firm has a market cap of $81.54 billion, a price-to-earnings ratio of 109.14, a price-to-earnings-growth ratio of 0.83 and a beta of 1.16. 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 fifty day simple moving average of $208.27 and a two-hundred day simple moving average of $193.06. 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, beating analysts' consensus estimates 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 last year, the firm earned $3.14 earnings per share. The firm's revenue for the quarter was up 31.4% on a year-over-year basis. Analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on COF shares. Wells Fargo & Company boosted their price objective on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research report on Friday, August 1st. They issued a "buy" rating and a $290.00 price target for the company. Keefe, Bruyette & Woods upped their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Citigroup lifted their price objective on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $238.81.

Insider Transactions at Capital One Financial

In related news, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares of the company's stock, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the transaction, the insider owned 20,089 shares of the company's stock, valued at $4,005,746.60. The trade was a 32.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,847 shares of company stock worth $5,696,173. Insiders own 1.26% of the company's stock.

Capital One Financial 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.

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