Sumitomo Mitsui DS Asset Management Company Ltd Purchases 39,894 Shares of Capital One Financial Corporation $COF

Key Points

• Sumitomo Mitsui DS Asset Management increased its stake in Capital One Financial by 80.7%, acquiring an additional 39,894 shares, bringing their total holdings to 89,353 shares valued at $19,011,000.
• Several institutional investors, including UBS AM and Bank of New York Mellon, have also significantly increased their stakes in Capital One, with 89.84% of the stock currently owned by institutional investors.
• Analyst price targets for Capital One Financial have been raised multiple times, with a new average target price of $239.44 and mixed ratings from analysts, including three Strong Buy ratings.

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 80.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,353 shares of the financial services provider's stock after purchasing an additional 39,894 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Capital One Financial were worth $19,011,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn FI LLC bought a new position in Capital One Financial during the 2nd quarter valued at $244,000. Focus Financial Network Inc. purchased a new stake in shares of Capital One Financial in the second quarter valued at about $244,000. Professional Financial Advisors LLC bought a new position in shares of Capital One Financial during the second quarter valued at about $1,397,000. Sunflower Bank N.A. lifted its position in shares of Capital One Financial by 67.0% during the second quarter. Sunflower Bank N.A. now owns 4,535 shares of the financial services provider's stock valued at $965,000 after purchasing an additional 1,819 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its position in shares of Capital One Financial by 118.3% during the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider's stock valued at $702,000 after purchasing an additional 1,788 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

Shares of NYSE:COF traded down $1.61 during mid-day trading on Friday, reaching $228.13. The company had a trading volume of 4,825,233 shares, compared to its average volume of 2,808,706. 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 firm has a market cap of $145.89 billion, a price-to-earnings ratio of 116.99, a PEG ratio of 0.88 and a beta of 1.17. The company's 50-day moving average price is $218.68 and its 200-day moving average price is $197.59. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45.

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

Capital One Financial Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. 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 research note on Tuesday, July 8th. Barclays reaffirmed an "overweight" rating and set a $253.00 price target (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Wall Street Zen downgraded Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Wells Fargo & Company increased their price target on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Finally, Truist Financial increased their price target on Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $239.44.

Insider Buying and Selling

In related news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the sale, the insider owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,298 shares of company stock valued at $4,679,844. Corporate insiders own 1.26% of the company's stock.

About Capital One Financial

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.