Caisse DE Depot ET Placement DU Quebec Has $11.09 Million Stock Holdings in Capital One Financial Corporation $COF

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Capital One Financial Corporation by 186.3%, acquiring an additional 40,232 shares, bringing their total holdings to 61,832 shares valued at approximately $11.1 million.
• Insiders at Capital One have been selling shares, with Robert M. Alexander selling 10,114 shares and Michael Zamsky selling 5,515 shares, indicating a 12.83% and 16.77% decrease in their positions, respectively.
• Analysts have raised their price targets for COF shares, with Keefe, Bruyette & Woods increasing their target from $248 to $260, and a consensus average price target now at $238.81, reflecting a "Moderate Buy" rating.

Caisse DE Depot ET Placement DU Quebec raised its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 186.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 61,832 shares of the financial services provider's stock after buying an additional 40,232 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Capital One Financial were worth $11,086,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bank of Hawaii bought a new stake in Capital One Financial in the first quarter valued at $512,000. Comerica Bank lifted its stake in Capital One Financial by 9.0% in the first quarter. Comerica Bank now owns 104,324 shares of the financial services provider's stock valued at $18,705,000 after buying an additional 8,640 shares during the last quarter. ICONIQ Capital LLC lifted its stake in Capital One Financial by 24.1% in the first quarter. ICONIQ Capital LLC now owns 2,099 shares of the financial services provider's stock valued at $376,000 after buying an additional 407 shares during the last quarter. Oliver Luxxe Assets LLC lifted its stake in Capital One Financial by 3.8% in the first quarter. Oliver Luxxe Assets LLC now owns 43,203 shares of the financial services provider's stock valued at $7,746,000 after buying an additional 1,585 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in Capital One Financial by 21.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,069,354 shares of the financial services provider's stock valued at $191,735,000 after buying an additional 186,006 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Capital One Financial

In related news, insider Robert M. Alexander sold 10,114 shares of the business'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 value of $2,304,576.04. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael Zamsky sold 5,515 shares of the business'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 value of $1,155,888.85. Following the completion of the sale, the insider directly owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,298 shares of company stock valued at $4,233,044 in the last 90 days. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Trading Up 0.1%

COF traded up $0.29 during trading on Monday, reaching $227.43. The company had a trading volume of 2,551,623 shares, compared to its average volume of 3,154,554. The firm's 50-day simple moving average is $215.76 and its 200 day simple moving average is $194.93. The company has a market cap of $145.44 billion, a price-to-earnings ratio of 116.63, a PEG ratio of 0.89 and a beta of 1.17. Capital One Financial Corporation has a 12-month low of $131.55 and a 12-month high of $232.45. 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 issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. The company's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.14 EPS. Equities research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on COF. Barclays restated an "overweight" rating and set a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Wall Street Zen cut shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Royal Bank Of Canada lifted their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Finally, Truist Financial lifted their price objective on shares of Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Three investment 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $238.81.

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.