Capital One Financial Corporation (NYSE:COF) Stock Holdings Boosted by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management Co. Ltd. increased its stake in Capital One Financial by 7.9% in the first quarter, now holding 125,481 shares valued at approximately $22.39 million.
• Capital One Financial's stock recently traded at $216.81, and the company reported a quarterly EPS of $5.48, significantly exceeding analyst estimates.
• Several analysts raised their target prices for Capital One Financial, with Citigroup setting a new target of $275.00 and maintaining a "buy" rating.

Resona Asset Management Co. Ltd. raised its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 7.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 125,481 shares of the financial services provider's stock after purchasing an additional 9,204 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in Capital One Financial were worth $22,386,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rossmore Private Capital acquired a new stake in shares of Capital One Financial during the 1st quarter valued at $790,000. Taylor Hoffman Capital Management LLC acquired a new stake in shares of Capital One Financial during the 1st quarter valued at $274,000. Public Sector Pension Investment Board lifted its holdings in shares of Capital One Financial by 3.0% in the first quarter. Public Sector Pension Investment Board now owns 101,972 shares of the financial services provider's stock valued at $18,284,000 after purchasing an additional 2,947 shares in the last quarter. AIA Group Ltd lifted its holdings in shares of Capital One Financial by 26.6% in the first quarter. AIA Group Ltd now owns 13,082 shares of the financial services provider's stock valued at $2,346,000 after purchasing an additional 2,748 shares in the last quarter. Finally, Independent Advisor Alliance lifted its holdings in shares of Capital One Financial by 3.0% in the first quarter. Independent Advisor Alliance now owns 9,663 shares of the financial services provider's stock valued at $1,733,000 after purchasing an additional 281 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction on 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 sale, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on COF shares. Royal Bank Of Canada increased their target price on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Citigroup increased their target price on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Truist Financial increased their target price on Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a report on Monday, July 28th. Keefe, Bruyette & Woods increased their target price on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Finally, Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $238.81.

Capital One Financial Trading Up 4.1%

Shares of COF stock opened at $216.81 on Wednesday. The firm has a 50 day moving average price of $209.75 and a two-hundred day moving average price of $193.34. 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 company has a market capitalization of $138.65 billion, a PE ratio of 111.19, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16. Capital One Financial Corporation has a 12-month low of $131.55 and a 12-month high of $232.45.

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 the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the prior year, the firm earned $3.14 earnings per share. The firm's revenue for the quarter was up 31.4% on a year-over-year basis. As a group, analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current 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 dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 15th. Capital One Financial's payout ratio is presently 123.08%.

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.

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