Korea Investment CORP Has $37.80 Million Holdings in Capital One Financial Corporation $COF

Key Points

• Korea Investment CORP reduced its stake in Capital One Financial by 42.3% in the first quarter, now holding approximately $37.8 million worth of shares.
• Capital One reported earnings of $5.48 per share for the latest quarter, significantly beating analysts' expectations of $1.93.
• The company announced a quarterly dividend of $0.60 per share, with an ex-dividend date set for August 15, reflecting a payout ratio of 123.08%.

Korea Investment CORP reduced its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 42.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,793 shares of the financial services provider's stock after selling 154,836 shares during the quarter. Korea Investment CORP owned about 0.06% of Capital One Financial worth $37,795,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in COF. Brighton Jones LLC grew its stake in Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after buying an additional 10,428 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Capital One Financial by 42.3% in the fourth quarter. NewEdge Advisors LLC now owns 10,202 shares of the financial services provider's stock worth $1,819,000 after purchasing an additional 3,031 shares in the last quarter. GeoWealth Management LLC grew its stake in shares of Capital One Financial by 78.7% in the fourth quarter. GeoWealth Management LLC now owns 2,728 shares of the financial services provider's stock worth $486,000 after purchasing an additional 1,201 shares in the last quarter. MML Investors Services LLC grew its stake in shares of Capital One Financial by 7.0% in the fourth quarter. MML Investors Services LLC now owns 34,907 shares of the financial services provider's stock worth $6,225,000 after purchasing an additional 2,279 shares in the last quarter. Finally, Fayez Sarofim & Co bought a new position in shares of Capital One Financial in the fourth quarter worth $270,000. 89.84% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Timothy P. Golden sold 207 shares of the company'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 sale, the chief accounting officer directly owned 8,780 shares of the company's stock, valued at $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction 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 sale, the insider directly owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,298 shares of company stock valued at $4,233,044 over the last three months. Insiders own 1.26% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on COF shares. JPMorgan Chase & Co. increased their price target on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Barclays reissued an "overweight" rating and set a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Rothschild & Co Redburn began coverage on Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 target price on the stock. Finally, Citigroup boosted their target price on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $238.81.

Capital One Financial Trading Down 0.0%

Shares of NYSE COF traded down $0.09 during mid-day trading on Monday, hitting $221.13. 526,184 shares of the company traded hands, compared to its average volume of 4,400,189. Capital One Financial Corporation has a 1 year low of $131.55 and a 1 year high of $232.45. The stock has a market capitalization of $141.42 billion, a price-to-earnings ratio of 113.36, a PEG ratio of 0.86 and a beta of 1.16. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average of $212.93 and a two-hundred day moving average of $194.01.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. During the same period in the prior year, the company earned $3.14 earnings per share. The company's revenue for the quarter was up 31.4% on a year-over-year basis. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 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 2nd. Stockholders of record on Friday, August 15th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 15th. Capital One Financial's dividend payout ratio is currently 123.08%.

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.