Canada Pension Plan Investment Board Increases Stock Position in Capital One Financial Corporation $COF

Key Points

• Canada Pension Plan Investment Board increased its stake in Capital One Financial by 9.1%, owning approximately $57.94 million worth of shares after purchasing an additional 26,848 shares.
• Capital One Financial reported a 31.4% year-over-year revenue increase in its recent quarterly earnings, with earnings per share of $5.48, exceeding estimates by $3.55.
• The company declared a quarterly dividend of $0.60 per share, translating to a 1.1% yield, with a payout ratio of 123.08% during the latest reporting period.

Canada Pension Plan Investment Board boosted its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 9.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,115 shares of the financial services provider's stock after purchasing an additional 26,848 shares during the quarter. Canada Pension Plan Investment Board owned about 0.08% of Capital One Financial worth $57,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of COF. Diamond Hill Capital Management Inc. purchased a new stake in Capital One Financial in the first quarter valued at approximately $381,848,000. Bank of New York Mellon Corp raised its stake in Capital One Financial by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after purchasing an additional 950,415 shares in the last quarter. Nuveen LLC purchased a new stake in Capital One Financial in the first quarter valued at approximately $141,599,000. PointState Capital LP purchased a new stake in Capital One Financial in the fourth quarter valued at approximately $139,997,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Capital One Financial by 31.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,222,533 shares of the financial services provider's stock valued at $574,642,000 after acquiring an additional 765,292 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Trading Down 1.7%

COF stock traded down $3.89 on Tuesday, reaching $223.33. The company's stock had a trading volume of 3,470,726 shares, compared to its average volume of 3,045,817. The business has a fifty day simple moving average of $216.61 and a two-hundred day simple moving average of $195.30. Capital One Financial Corporation has a 12-month low of $131.55 and a 12-month high of $232.45. The firm has a market cap of $142.83 billion, a PE ratio of 114.53, a PEG ratio of 0.89 and a beta of 1.17. 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 quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. During the same period in the previous year, the business earned $3.14 EPS. The business's revenue was up 31.4% compared to the same quarter last year. As a group, research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have commented on COF. Wells Fargo & Company increased their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Truist Financial increased their price target on shares of Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. 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 report on Wednesday, July 23rd. Finally, TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and increased their price target for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and a consensus target price of $238.81.

Insider Buying and Selling

In other Capital One Financial news, CAO Timothy P. Golden sold 207 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the transaction, the chief accounting officer owned 8,780 shares of the company's stock, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 19,298 shares of company stock valued at $4,233,044 over the last quarter. 1.26% of the stock is owned by company 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.