National Pension Service Has $295.41 Million Stake in Capital One Financial Corporation $COF

Key Points

• National Pension Service increased its Capital One stake by 1.6% in the second quarter, owning 1.47 million shares valued at approximately $295.4 million, or 0.24% of the company. Institutional investors and hedge funds collectively own 89.84% of COF.
• Capital One reported quarterly EPS of $5.81, exceeding estimates of $4.79, while revenue rose 26.9% year over year to $15.83 billion. The company also paid a quarterly dividend of $0.80, representing a 1.5% annualized yield.
• Analysts remain generally positive, with 21 Buy ratings and three Holds, an overall “Moderate Buy” consensus, and an average price target of $258.91 versus the reported share price of $211.29.

National Pension Service raised its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,472,473 shares of the financial services provider's stock after purchasing an additional 23,364 shares during the period. National Pension Service owned 0.24% of Capital One Financial worth $295,408,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Evolution Wealth Management Inc. increased its stake in shares of Capital One Financial by 529.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider's stock valued at $26,000 after buying an additional 90 shares during the period. Solstein Capital LLC acquired a new position in shares of Capital One Financial in the second quarter worth approximately $26,000. VSM Wealth Advisory LLC acquired a new position in shares of Capital One Financial in the fourth quarter worth approximately $27,000. Cherry Tree Wealth Management LLC boosted its holdings in Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 105 shares during the last quarter. Finally, Ballast Advisors LLC bought a new stake in Capital One Financial in the first quarter valued at approximately $27,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

Shares of COF stock opened at $211.29 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The firm has a 50 day moving average of $212.56 and a 200-day moving average of $198.16. The company has a market cap of $129.62 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 0.79 and a beta of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $15.76 billion. During the same period last year, the company posted $5.48 earnings per share. The business's quarterly revenue was up 26.9% on a year-over-year basis. On average, equities analysts forecast that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, August 17th. Capital One Financial's payout ratio is presently 19.80%.

Insiders Place Their Bets

In other news, insider Michael Zamsky sold 5,473 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the sale, the insider owned 27,992 shares in the company, valued at $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $214.10, for a total value of $749,350.00. Following the transaction, the general counsel directly owned 83,194 shares in the company, valued at $17,811,835.40. The trade was a 4.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 29,767 shares of company stock worth $6,366,998 over the last three months. Insiders own 0.78% of the company's stock.

Analyst Upgrades and Downgrades

COF has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Capital One Financial in a report on Thursday, August 20th. Barclays reduced their price objective on shares of Capital One Financial from $242.00 to $240.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their target price on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. TD Cowen lowered their target price on shares of Capital One Financial from $260.00 to $253.00 and set a "buy" rating for the company in a research note on Tuesday, July 7th. Finally, HSBC upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and boosted their target price for the company from $226.00 to $229.00 in a report on Sunday, July 12th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and an average price target of $258.91.

About Capital One Financial

Capital One Financial Corporation NYSE: COF is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

Capital One primarily serves customers in the United States, with additional operations and financial services activities in Canada and the United Kingdom.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.