MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Makes New $696,000 Investment in Capital One Financial Co. (NYSE:COF)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in shares of Capital One Financial Co. (NYSE:COF - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,882 shares of the financial services provider's stock, valued at approximately $696,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Capital One Financial in the fourth quarter valued at $590,279,000. Lone Pine Capital LLC purchased a new position in shares of Capital One Financial in the fourth quarter valued at $577,012,000. Egerton Capital UK LLP purchased a new stake in shares of Capital One Financial in the fourth quarter valued at about $279,159,000. FMR LLC increased its position in Capital One Financial by 21.6% during the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock worth $1,440,449,000 after buying an additional 1,436,935 shares in the last quarter. Finally, Meritage Group LP purchased a new stake in shares of Capital One Financial during the fourth quarter worth about $227,662,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on COF. Citigroup dropped their price objective on Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a report on Monday, March 24th. Baird R W raised shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Evercore ISI raised shares of Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price target on the stock in a research report on Wednesday, March 12th. Bank of America increased their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Truist Financial lifted their target price on shares of Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a report on Friday, April 25th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $210.64.

Insiders Place Their Bets

In other news, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction that occurred on 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 now directly owns 20,089 shares of the company's stock, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the business's 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 now owns 56,244 shares of the company's stock, valued at $11,175,682.80. This represents a 2.86% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Capital One Financial Stock Up 2.5%

COF stock traded up $4.80 during midday trading on Monday, hitting $197.63. 3,080,248 shares of the company's stock were exchanged, compared to its average volume of 3,537,884. The firm has a 50 day moving average price of $184.50 and a 200-day moving average price of $185.32. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67. The stock has a market capitalization of $75.72 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.07 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. On average, analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial's payout ratio is currently 20.15%.

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.