Meiji Yasuda Asset Management Co Ltd. Takes Position in Capital One Financial Corporation $COF

Key Points

• Meiji Yasuda Asset Management acquired 6,734 shares of Capital One Financial in the second quarter, worth approximately $1.35 million. Institutional investors collectively own 89.84% of the company.
• Analysts maintain a generally positive outlook, with 21 Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and an average price target of $259.14.
• Capital One reported quarterly earnings of $5.81 per share, beating estimates of $4.79, while revenue rose 26.9% year over year to $15.83 billion. The company also declared a quarterly dividend of $0.80 per share, representing a 1.5% yield.

Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,734 shares of the financial services provider's stock, valued at approximately $1,351,000.

Other institutional investors have also bought and sold shares of the company. First Command Advisory Services Inc. lifted its stake in shares of Capital One Financial by 4.5% in the 4th quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider's stock worth $259,000 after acquiring an additional 46 shares during the period. Dogwood Wealth Management LLC increased its stake in shares of Capital One Financial by 26.0% during the fourth quarter. Dogwood Wealth Management LLC now owns 228 shares of the financial services provider's stock valued at $55,000 after acquiring an additional 47 shares during the period. High Note Wealth LLC increased its stake in shares of Capital One Financial by 44.9% during the fourth quarter. High Note Wealth LLC now owns 155 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 48 shares during the period. Fiducient Advisors LLC raised its holdings in Capital One Financial by 4.2% during the fourth quarter. Fiducient Advisors LLC now owns 1,196 shares of the financial services provider's stock worth $290,000 after purchasing an additional 48 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. raised its holdings in Capital One Financial by 5.0% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 1,057 shares of the financial services provider's stock worth $256,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Insider Activity

In other news, insider Lia Dean sold 2,193 shares of the firm's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $494,565.36. Following the completion of the sale, the insider owned 63,261 shares of the company's stock, valued at $14,266,620.72. This trade represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of Capital One Financial stock in a transaction on Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the transaction, the insider owned 26,328 shares in the company, valued at $5,523,087.84. This represents a 26.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 26,267 shares of company stock worth $5,617,648. 0.78% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Capital One Financial in a research note on Thursday. Bank of America dropped their price objective on Capital One Financial from $234.00 to $231.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Weiss Ratings raised Capital One Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. TD Cowen lowered their target price on Capital One Financial from $260.00 to $253.00 and set a "buy" rating on the stock in a report on Tuesday, July 7th. Finally, Wall Street Zen lowered Capital One Financial from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Twenty-one investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $259.14.

Capital One Financial Price Performance

COF stock opened at $216.29 on Tuesday. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The firm has a 50-day moving average of $209.09 and a two-hundred day moving average of $197.97. The firm has a market capitalization of $132.69 billion, a PE ratio of 13.38, a P/E/G ratio of 0.80 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. During the same period last year, the firm posted $5.48 earnings per share. The firm's quarterly revenue was up 26.9% compared to the same quarter last year. On average, analysts forecast that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, August 17th. Capital One Financial's payout ratio is presently 19.80%.

Capital One Financial Profile

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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