Banco Bilbao Vizcaya Argentaria S.A. Increases Stake in Capital One Financial Corporation $COF

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,968 shares of the financial services provider's stock after acquiring an additional 2,928 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Capital One Financial were worth $18,821,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Capital One Financial by 18.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock valued at $10,010,000 after purchasing an additional 9,374 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Capital One Financial by 105.3% during the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock worth $138,000 after purchasing an additional 394 shares in the last quarter. Private Advisor Group LLC increased its holdings in Capital One Financial by 15.3% in the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock valued at $1,776,000 after buying an additional 1,312 shares during the last quarter. Mutual Advisors LLC acquired a new stake in Capital One Financial in the first quarter valued at $215,000. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in Capital One Financial in the fourth quarter valued at $91,780,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on COF. JPMorgan Chase & Co. upped their price objective on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Rothschild & Co Redburn initiated coverage on Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 target price for the company. Citigroup increased their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Wall Street Zen cut shares of Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Royal Bank Of Canada boosted their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and an average target price of $238.81.

Capital One Financial Stock Performance

NYSE COF traded down $2.7480 on Thursday, reaching $211.9620. The stock had a trading volume of 3,284,789 shares, compared to its average volume of 3,812,629. The stock has a market cap of $135.55 billion, a P/E ratio of 108.70, a price-to-earnings-growth ratio of 0.83 and a beta of 1.16. Capital One Financial Corporation has a 12-month low of $131.55 and a 12-month high of $232.45. The business's 50-day moving average price is $212.35 and its 200 day moving average price is $194.02. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The business's revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the business posted $3.14 earnings per share. As a group, equities analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a $0.60 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial's payout ratio is currently 123.08%.

Insider Activity

In related news, CAO Timothy P. Golden sold 207 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the transaction, the chief accounting officer owned 8,780 shares in the company, valued at $1,891,299.80. The trade was a 2.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction that occurred 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 sale, the insider directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,298 shares of company stock valued at $4,233,044. Insiders own 1.26% of the company's stock.

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.