Capital One Financial Corporation (NYSE:COF) Shares Acquired by iA Global Asset Management Inc.

Key Points

• iA Global Asset Management Inc. increased its stake in Capital One Financial by 79.5% in Q1, owning 8,189 shares worth $1,468,000 at the quarter's end.
• Capital One Financial reported earnings per share of $5.48 for the last quarter, significantly exceeding analysts' estimates of $1.93.
• The company declared a quarterly dividend of $0.60 per share, representing an annual yield of 1.1%, scheduled to be paid on September 2nd.

iA Global Asset Management Inc. grew its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 79.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 8,189 shares of the financial services provider's stock after acquiring an additional 3,626 shares during the quarter. iA Global Asset Management Inc.'s holdings in Capital One Financial were worth $1,468,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in Capital One Financial by 18.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock worth $10,010,000 after buying an additional 9,374 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in Capital One Financial by 105.3% in the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock worth $138,000 after buying an additional 394 shares during the last quarter. Private Advisor Group LLC lifted its position in Capital One Financial by 15.3% in the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock worth $1,776,000 after buying an additional 1,312 shares during the last quarter. Mutual Advisors LLC bought a new stake in Capital One Financial in the first quarter worth $215,000. Finally, Lansforsakringar Fondforvaltning AB publ bought a new stake in Capital One Financial in the fourth quarter worth $91,780,000. 89.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director owned 56,244 shares in the company, valued at $11,175,682.80. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial 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 owned 68,707 shares in the company, valued at $15,655,577.02. This trade represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,847 shares of company stock worth $5,696,173 over the last quarter. Insiders own 1.26% of the company's stock.

Capital One Financial Stock Up 0.5%

Shares of Capital One Financial stock traded up $1.03 during trading on Friday, hitting $208.32. 3,108,026 shares of the stock traded hands, compared to its average volume of 4,080,770. The firm has a market cap of $133.22 billion, a P/E ratio of 106.83, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 52-week low of $131.55 and a 52-week high of $232.45. The stock's fifty day simple moving average is $208.99 and its 200 day simple moving average is $193.22.

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, beating the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The business's quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.14 EPS. On average, equities analysts predict 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 paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 15th. Capital One Financial's payout ratio is 123.08%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on COF. Citigroup raised their price target on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Rothschild & Co Redburn began coverage on Capital One Financial in a research report on Friday, August 1st. They issued a "buy" rating and a $290.00 price target for the company. Bank of America raised their price target 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. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. increased their target price 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. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $238.81.

Capital One Financial 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.