National Pension Service Buys 28,660 Shares of Capital One Financial Corporation (NYSE:COF)

Key Points

• The National Pension Service increased its stake in Capital One Financial Corporation by 3.4% during Q1 2023, acquiring an additional 28,660 shares, bringing its total to 865,129 shares valued at approximately $155.1 million.
• A number of analysts have recently upgraded Capital One's stock ratings and price targets, with TD Cowen raising its target from $184 to $258 and the average target now standing at $238.81.
• Capital One announced a quarterly dividend of $0.60 per share, set to be paid on September 2nd, equating to a 1.1% yield and a dividend payout ratio of 123.08%.

National Pension Service grew its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 865,129 shares of the financial services provider's stock after buying an additional 28,660 shares during the quarter. National Pension Service owned approximately 0.23% of Capital One Financial worth $155,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Capital One Financial by 18.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock valued at $10,010,000 after buying an additional 9,374 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of Capital One Financial by 105.3% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock valued at $138,000 after buying an additional 394 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Capital One Financial by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock valued at $1,776,000 after buying an additional 1,312 shares during the last quarter. Mutual Advisors LLC acquired a new stake in shares of Capital One Financial during the 1st quarter valued at about $215,000. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Capital One Financial during the 4th quarter valued at about $91,780,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the sale, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the sale, the insider owned 27,364 shares in the company, valued at $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,091 shares of company stock worth $4,188,454. Company insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on COF shares. Citigroup boosted their target price on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Bank of America boosted their target price on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and boosted their target price for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Finally, Barclays restated an "overweight" rating and issued a $253.00 target price (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $238.81.

Capital One Financial Stock Performance

Shares of COF traded down $5.60 on Friday, reaching $215.48. 4,463,545 shares of the stock traded hands, compared to its average volume of 4,160,972. The firm has a market cap of $137.80 billion, a price-to-earnings ratio of 110.50, a P/E/G ratio of 0.84 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 12 month low of $131.55 and a 12 month high of $232.45. The stock's 50-day moving average price is $211.17 and its 200-day moving average price is $193.65.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The business's revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.14 earnings per share. Equities analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial's payout ratio is currently 123.08%.

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.