Bank of New York Mellon Corp Has $889.52 Million Stake in Capital One Financial Corporation (NYSE:COF)

Bank of New York Mellon Corp increased its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 23.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,961,063 shares of the financial services provider's stock after acquiring an additional 950,415 shares during the period. Bank of New York Mellon Corp owned about 1.30% of Capital One Financial worth $889,519,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. SBI Securities Co. Ltd. bought a new position in Capital One Financial in the 4th quarter valued at $32,000. Beacon Capital Management LLC lifted its stake in shares of Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 97 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in shares of Capital One Financial in the 4th quarter valued at $41,000. Rossby Financial LCC acquired a new position in shares of Capital One Financial in the 1st quarter valued at $48,000. Finally, Bernard Wealth Management Corp. acquired a new position in shares of Capital One Financial in the 1st quarter valued at $54,000. 89.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

COF has been the topic of several research analyst reports. Bank of America raised their price objective on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Baird R W raised Capital One Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Citigroup dropped their price objective on Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Truist Financial raised their price objective on Capital One Financial from $215.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Finally, Wells Fargo & Company raised their price objective on Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $218.67.

Capital One Financial Stock Down 0.2%

Shares of NYSE COF traded down $0.48 during mid-day trading on Tuesday, hitting $217.65. The company had a trading volume of 2,985,321 shares, compared to its average volume of 3,606,049. The company has a market capitalization of $83.39 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 0.93 and a beta of 1.15. The firm has a 50-day simple moving average of $197.07 and a two-hundred day simple moving average of $188.01. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65. Capital One Financial Corporation has a one year low of $128.23 and a one year high of $221.95.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.31. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. On average, equities analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were given a dividend of $0.60 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.40 annualized dividend and a yield of 1.10%. Capital One Financial's dividend payout ratio is currently 20.15%.

Insiders Place Their Bets

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of the business's stock in a transaction 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 sale, the insider owned 20,089 shares of the company's stock, valued at approximately $4,005,746.60. The trade was a 32.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the sale, the director directly owned 56,244 shares in the company, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their position. The disclosure for this sale can be found here. 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.