Price T Rowe Associates Inc. MD Has $254.12 Million Holdings in Capital One Financial Corporation $COF

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Capital One Financial by 14.0%, holding approximately $254.12 million worth of shares.
• Capital One Financial recently received various analysts' ratings, including a boost from TD Cowen to a "buy" rating with a price target increase from $184.00 to $258.00.
• The company declared a quarterly dividend of $0.60 per share, with a dividend yield of 1.1% and an upcoming pay date of September 2nd.

Price T Rowe Associates Inc. MD raised its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 14.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,417,271 shares of the financial services provider's stock after purchasing an additional 174,359 shares during the period. Price T Rowe Associates Inc. MD owned 0.37% of Capital One Financial worth $254,117,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in COF. Mirae Asset Global Investments Co. Ltd. increased its position in Capital One Financial by 18.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock worth $10,010,000 after buying an additional 9,374 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Capital One Financial by 105.3% during the first 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 in the last quarter. Private Advisor Group LLC raised its holdings in Capital One Financial by 15.3% during the first 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 in the last quarter. Mutual Advisors LLC bought a new position in Capital One Financial during the first quarter valued at about $215,000. Finally, Lansforsakringar Fondforvaltning AB publ bought a new position in Capital One Financial during the fourth quarter valued at about $91,780,000. Institutional investors own 89.84% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on COF shares. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and raised their target price for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. JPMorgan Chase & Co. raised their target price on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada raised their target price on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Finally, Barclays restated an "overweight" rating and set a $253.00 target price (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $238.81.

Capital One Financial Price Performance

Capital One Financial stock traded up $3.78 during mid-day trading on Tuesday, reaching $224.88. The company had a trading volume of 3,671,782 shares, compared to its average volume of 3,360,861. Capital One Financial Corporation has a fifty-two week low of $131.55 and a fifty-two week high of $232.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a market cap of $143.81 billion, a P/E ratio of 115.32, a P/E/G ratio of 0.86 and a beta of 1.16. The business has a fifty day simple moving average of $214.03 and a 200 day simple moving average of $194.35.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the prior year, the business earned $3.14 EPS. The business's quarterly revenue was up 31.4% on a year-over-year basis. On average, equities research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

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

Insider Transactions at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares in the company, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,298 shares of company stock worth $4,233,044. Company insiders own 1.26% of the company's stock.

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.