Rakuten Investment Management Inc. Acquires New Holdings in Capital One Financial Corporation $COF

Rakuten Investment Management Inc. purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 100,397 shares of the financial services provider's stock, valued at approximately $20,308,000.

A number of other institutional investors have also made changes to their positions in the stock. First Command Advisory Services Inc. raised its position in shares of Capital One Financial by 4.5% in the fourth quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider's stock valued at $259,000 after purchasing an additional 46 shares during the period. Dogwood Wealth Management LLC raised its position 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 buying an additional 47 shares during the last quarter. High Note Wealth LLC raised its holdings in Capital One Financial by 44.9% in the 4th 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 in the last quarter. Fiducient Advisors LLC raised its stake in shares of Capital One Financial by 4.2% in the fourth quarter. Fiducient Advisors LLC now owns 1,196 shares of the financial services provider's stock valued at $290,000 after purchasing an additional 48 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. lifted its holdings in shares of Capital One Financial by 5.0% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 1,057 shares of the financial services provider's stock worth $256,000 after acquiring an additional 50 shares during the period. 89.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Celia Karam sold 1,888 shares of the business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $425,781.76. Following the completion of the sale, the insider directly owned 59,708 shares of the company's stock, valued at $13,465,348.16. The trade was a 3.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the company's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the transaction, the insider owned 26,328 shares in the company, valued at approximately $5,523,087.84. The trade was a 26.98% decrease in their position. 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 26,267 shares of company stock worth $5,617,648 over the last three months. Insiders own 0.78% of the company's stock.

Capital One Financial Price Performance

Shares of COF opened at $215.81 on Friday. The business has a 50-day simple moving average of $210.32 and a two-hundred day simple moving average of $198.00. The stock has a market cap of $132.40 billion, a PE ratio of 13.35, a PEG ratio of 0.80 and a beta of 1.02. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. 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 (NYSE:COF - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $15.83 billion for the quarter, compared to analysts' expectations of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. Capital One Financial's revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.48 earnings per share. Analysts anticipate that Capital One Financial Corporation will post 20.29 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently commented on COF. TD Cowen cut their target price on Capital One Financial from $260.00 to $253.00 and set a "buy" rating for the company in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Capital One Financial in a report on Thursday, August 20th. UBS Group boosted their price objective on Capital One Financial from $275.00 to $280.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. BTIG Research increased their price objective on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a "buy" rating in a research note on Tuesday, June 30th. Finally, JPMorgan Chase & Co. raised their price target on Capital One Financial from $215.00 to $245.00 and gave the company an "overweight" rating in a report on Monday, July 13th. Twenty-one 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, Capital One Financial currently has a consensus rating of "Moderate Buy" and an average price target of $258.91.

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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