Mirae Asset Global Investments Co. Ltd. Boosts Stake in Capital One Financial Corporation (NYSE:COF)

Mirae Asset Global Investments Co. Ltd. increased its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 18.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,882 shares of the financial services provider's stock after purchasing an additional 9,374 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Capital One Financial were worth $10,010,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of COF. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Capital One Financial during the 4th quarter valued at $27,000. SBI Securities Co. Ltd. bought a new position in Capital One Financial in the fourth quarter valued at about $32,000. Beacon Capital Management LLC raised its stake in Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after acquiring an additional 97 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Capital One Financial in the fourth quarter worth about $41,000. Finally, Bernard Wealth Management Corp. bought a new position in shares of Capital One Financial in the first quarter worth about $54,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on COF shares. Citigroup lowered their price target on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a report on Monday, March 24th. Robert W. Baird raised shares of Capital One Financial from a "neutral" rating to an "outperform" rating and raised their price target for the company from $190.00 to $200.00 in a research note on Tuesday, March 11th. Truist Financial lifted their price target on shares of Capital One Financial from $215.00 to $225.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Barclays restated an "overweight" rating and issued a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Finally, Bank of America raised their target price on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $215.86.

Capital One Financial Stock Up 1.8%

COF stock traded up $3.79 during trading on Wednesday, reaching $218.97. 3,571,033 shares of the stock were exchanged, compared to its average volume of 3,607,839. The firm's 50 day moving average is $194.04 and its 200 day moving average is $186.82. The firm has a market cap of $83.90 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 0.90 and a beta of 1.15. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65. Capital One Financial Corporation has a twelve month low of $128.23 and a twelve month high of $219.24.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. 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 disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Friday, May 23rd. Capital One Financial's dividend payout ratio is currently 20.15%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the transaction, the insider owned 20,089 shares in the company, valued at approximately $4,005,746.60. The trade was a 32.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director directly owned 56,244 shares in the company, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company's stock.

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.