OMERS ADMINISTRATION Corp Raises Holdings in Capital One Financial Corporation $COF

Key Points

• OMERS ADMINISTRATION Corp boosted its holdings in Capital One Financial by 49.1% during Q1, increasing its total shares to 23,731, valued at $4,255,000.
• Insiders at Capital One have recently sold a total of 19,298 shares worth approximately $4.23 million over the past 90 days, indicating a decrease in their ownership stakes.
• Capital One announced a quarterly dividend of $0.60 per share, representing an annualized yield of 1.1%, despite a high payout ratio of 123.08%.

OMERS ADMINISTRATION Corp lifted its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 49.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,731 shares of the financial services provider's stock after acquiring an additional 7,814 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Capital One Financial were worth $4,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Beacon Capital Management LLC increased its holdings in Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after buying an additional 97 shares during the last quarter. Motco increased its holdings in Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after buying an additional 137 shares during the last quarter. Bogart Wealth LLC boosted its stake in Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 243 shares in the last quarter. Rossby Financial LCC purchased a new position in Capital One Financial during the 1st quarter worth approximately $48,000. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of Capital One Financial in the first quarter valued at approximately $54,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This trade represents a 16.77% 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. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Stock Performance

NYSE:COF traded down $3.71 during mid-day trading on Tuesday, reaching $223.52. The stock had a trading volume of 1,963,246 shares, compared to its average volume of 4,359,451. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $142.94 billion, a price-to-earnings ratio of 114.62, a PEG ratio of 0.89 and a beta of 1.17. Capital One Financial Corporation has a twelve month low of $131.55 and a twelve month high of $232.45. The business has a 50 day simple moving average of $216.27 and a 200 day simple moving average of $195.10.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the previous year, the business earned $3.14 EPS. Capital One Financial's revenue for the quarter was up 31.4% on a year-over-year basis. On average, analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be issued 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 123.08%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company increased their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Keefe, Bruyette & Woods increased their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada increased their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and increased their target price for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Finally, Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $238.81.

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.