Mirae Asset Global Investments Co. Ltd. Acquires New Stake in Capital One Financial Corporation $COF

Key Points

• Mirae Asset Global Investments acquired 178,536 Capital One shares worth approximately $34.47 million in the third quarter. Institutional investors and hedge funds collectively own 89.84% of the company.
• Capital One reported quarterly EPS of $6.69, beating estimates of $5.53, while revenue reached $16.31 billion, up 6.4% year over year. Analysts expect full-year EPS of $21.53.
• Analysts maintain a Moderate Buy consensus rating, with a target price of $256.77. Meanwhile, insiders sold 115,194 shares worth about $23.5 million over the past three months, including a sizable sale by CEO Richard Fairbank.

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 178,536 shares of the financial services provider's stock, valued at approximately $34,470,000.

Several other institutional investors also recently bought and sold shares of the company. Aviance Capital Partners LLC increased its holdings in shares of Capital One Financial by 0.5% during the third quarter. Aviance Capital Partners LLC now owns 12,414 shares of the financial services provider's stock valued at $2,397,000 after acquiring an additional 57 shares in the last quarter. Profund Advisors LLC raised its position in shares of Capital One Financial by 9.5% in the 3rd quarter. Profund Advisors LLC now owns 5,712 shares of the financial services provider's stock valued at $1,103,000 after purchasing an additional 497 shares during the last quarter. Vise Technologies Inc. boosted its stake in Capital One Financial by 276.4% in the 3rd quarter. Vise Technologies Inc. now owns 81,763 shares of the financial services provider's stock worth $15,786,000 after purchasing an additional 60,041 shares in the last quarter. Unison Advisors LLC boosted its stake in Capital One Financial by 0.4% in the 3rd quarter. Unison Advisors LLC now owns 77,787 shares of the financial services provider's stock worth $15,018,000 after purchasing an additional 307 shares in the last quarter. Finally, Summit Global Investments boosted its stake in Capital One Financial by 102.4% in the 3rd quarter. Summit Global Investments now owns 3,663 shares of the financial services provider's stock worth $707,000 after purchasing an additional 1,853 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

Shares of COF stock opened at $204.88 on Monday. The company has a market capitalization of $125.69 billion, a P/E ratio of 12.09, a P/E/G ratio of 0.93 and a beta of 1.04. The business's 50 day moving average is $204.67 and its two-hundred day moving average is $201.62. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, topping the consensus estimate of $5.53 by $1.16. The company had revenue of $16.31 billion during the quarter, compared to analyst estimates of $16.25 billion. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The firm's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.95 EPS. Analysts expect that Capital One Financial Corporation will post 21.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

COF has been the topic of several research analyst reports. Wall Street Zen downgraded Capital One Financial from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Morgan Stanley reduced their price objective on Capital One Financial from $273.00 to $267.00 and set an "overweight" rating for the company in a research note on Monday, October 12th. Wolfe Research raised their price objective on Capital One Financial from $255.00 to $275.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 25th. UBS Group reaffirmed a "buy" rating on shares of Capital One Financial in a report on Thursday, October 22nd. Finally, HSBC upgraded Capital One Financial from a "hold" rating to a "buy" rating and upped their target price for the company from $226.00 to $229.00 in a research report on Sunday, July 12th. Twenty investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $256.77.

Insider Transactions at Capital One Financial

In other Capital One Financial news, CEO Richard D. Fairbank sold 90,743 shares of the firm's stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $202.86, for a total value of $18,408,124.98. Following the transaction, the chief executive officer directly owned 4,018,520 shares of the company's stock, valued at $815,196,967.20. This trade represents a 2.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 2,017 shares of the company's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $206.07, for a total value of $415,643.19. Following the completion of the sale, the insider owned 57,696 shares of the company's stock, valued at approximately $11,889,414.72. The trade was a 3.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 115,194 shares of company stock worth $23,546,209 in the last three months. 0.78% of the stock is owned by corporate insiders.

Capital One Financial Profile

Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.

Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.

The company primarily serves customers in the United States through digital channels, branches and other distribution networks.

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