Federation des caisses Desjardins du Quebec Purchases 8,149 Shares of Capital One Financial Corporation $COF

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in Capital One Financial Corporation by 34.1%, owning 32,058 shares valued at approximately $5.7 million as of the latest SEC filing.
• Capital One has received positive adjustments in ratings and target prices, with Wells Fargo raising its target from $225 to $265, and Citigroup increasing its target from $250 to $275.
• The company reported $5.48 EPS for the last quarter, significantly exceeding estimates and showing a 31.4% increase in revenue year over year.

Federation des caisses Desjardins du Quebec raised its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 34.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,058 shares of the financial services provider's stock after acquiring an additional 8,149 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Capital One Financial were worth $5,749,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of COF. WPG Advisers LLC purchased a new stake in Capital One Financial in the first quarter valued at approximately $25,000. Saudi Central Bank purchased a new position in Capital One Financial during the 1st quarter valued at about $27,000. Beacon Capital Management LLC boosted its position in shares of 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 worth $32,000 after acquiring an additional 97 shares during the last quarter. Motco lifted its position in Capital One Financial by 115.1% during 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 in the last quarter. Finally, Bogart Wealth LLC increased its stake in shares of 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 worth $46,000 after buying an additional 243 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on COF shares. Barclays reiterated an "overweight" rating and issued a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and upped their price objective for the company from $184.00 to $258.00 in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods increased their target price on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Finally, Citigroup lifted 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. Three 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 MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $238.81.

Capital One Financial Trading Down 0.7%

Shares of Capital One Financial stock traded down $1.59 during trading hours on Monday, hitting $219.94. The company's stock had a trading volume of 3,802,462 shares, compared to its average volume of 4,335,765. The firm has a fifty day moving average of $217.39 and a 200-day moving average of $195.60. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a twelve month low of $131.55 and a twelve month high of $232.45. The stock has a market cap of $140.66 billion, a price-to-earnings ratio of 112.79, a P/E/G ratio of 0.87 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating the consensus estimate 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. The firm's revenue for the quarter was up 31.4% on a year-over-year basis. During the same period last year, the company posted $3.14 EPS. Research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial's payout ratio is presently 123.08%.

Insiders Place Their Bets

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the sale, the general counsel owned 100,486 shares of the company's stock, valued at approximately $22,448,572.40. This represents a 1.95% decrease in their position. 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 company's stock in a transaction that occurred on 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 $15,655,577.02. This represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock valued at $4,679,844 over the last ninety days. 1.26% of the stock is owned by insiders.

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.