Capital One Financial Corporation $COF Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management increased its Capital One stake by 4.7% in the second quarter, adding 67,540 shares to hold 1.49 million shares worth approximately $299.8 million. Institutional investors collectively own 89.84% of COF.
• Capital One reported quarterly EPS of $5.81, exceeding estimates of $4.79, while revenue rose 26.9% year over year to $15.83 billion. The company also declared a quarterly dividend of $0.80 per share, implying a 1.4% annualized yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $259.36, although several firms recently lowered their targets. Insiders sold 22,186 shares worth approximately $4.7 million over the past 90 days.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 4.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,494,454 shares of the financial services provider's stock after buying an additional 67,540 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.24% of Capital One Financial worth $299,817,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in COF. Evolution Wealth Management Inc. raised its holdings in Capital One Financial by 529.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider's stock worth $26,000 after buying an additional 90 shares during the period. VSM Wealth Advisory LLC purchased a new position in shares of Capital One Financial in the fourth quarter worth approximately $27,000. Cherry Tree Wealth Management LLC increased its position in shares of Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider's stock worth $27,000 after acquiring an additional 105 shares in the last quarter. Ballast Advisors LLC purchased a new position in shares of Capital One Financial in the first quarter worth approximately $27,000. Finally, Strive Asset Management LLC acquired a new stake in shares of Capital One Financial during the third quarter valued at approximately $28,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Price Performance

NYSE COF opened at $221.77 on Tuesday. The company has a 50 day simple moving average of $205.76 and a 200-day simple moving average of $198.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $136.05 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business had revenue of $15.83 billion during the quarter, compared to analysts' expectations of $15.76 billion. During the same period last year, the company posted $5.48 earnings per share. The firm's quarterly revenue was up 26.9% compared to the same quarter last year. Equities research analysts predict that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. Capital One Financial's dividend payout ratio (DPR) is 19.80%.

Insider Activity at Capital One Financial

In other news, CAO Timothy P. Golden sold 3,487 shares of the business's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction of $735,757.00. Following the transaction, the chief accounting officer directly owned 7,429 shares in the company, valued at $1,567,519. The trade was a 31.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael Zamsky sold 5,473 shares of the company's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the transaction, the insider directly owned 27,992 shares in the company, valued at $6,102,815.84. This trade represents a 16.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 22,186 shares of company stock worth $4,697,301. Corporate insiders own 0.78% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on COF shares. Citigroup reduced their price target on shares of Capital One Financial from $310.00 to $295.00 and set a "buy" rating for the company in a research report on Tuesday, July 28th. Bank of America lowered their price objective on shares of Capital One Financial from $234.00 to $231.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Weiss Ratings raised shares of Capital One Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday. Wall Street Zen lowered Capital One Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Capital One Financial from $256.00 to $250.00 and set a "hold" rating for the company in a research report on Wednesday, April 22nd. Twenty-one equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $259.36.

Capital One Financial Company Profile

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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