Capital One Financial Corporation (NYSE:COF) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 7.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,459 shares of the financial services provider's stock after buying an additional 3,285 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Capital One Financial were worth $8,868,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Capital One Financial by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider's stock valued at $5,660,736,000 after purchasing an additional 234,863 shares during the period. Franklin Resources Inc. boosted its stake in shares of Capital One Financial by 3.2% in the 4th quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider's stock valued at $1,911,387,000 after buying an additional 331,595 shares during the period. Geode Capital Management LLC boosted its stake in shares of Capital One Financial by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock valued at $1,467,393,000 after buying an additional 207,427 shares during the period. FMR LLC grew its position in shares of Capital One Financial by 21.6% during the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock worth $1,440,449,000 after buying an additional 1,436,935 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Capital One Financial by 21.8% during the fourth quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock worth $790,564,000 after buying an additional 793,765 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Stock Performance

COF stock traded up $2.13 on Friday, hitting $220.94. The company's stock had a trading volume of 1,856,041 shares, compared to its average volume of 3,608,043. The stock has a market cap of $84.65 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 0.92 and a beta of 1.15. The firm has a 50 day moving average of $195.61 and a two-hundred day moving average of $187.29. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65. Capital One Financial Corporation has a 1 year low of $128.23 and a 1 year high of $221.95.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. Equities analysts predict 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 Thursday, June 5th. Stockholders of record on Friday, May 23rd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial's payout ratio is currently 20.15%.

Insider Activity at Capital One Financial

In other news, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the sale, the insider owned 20,089 shares of the company's stock, valued at $4,005,746.60. The trade was a 32.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the transaction, the director directly owned 56,244 shares of the company's stock, valued at $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Baird R W upgraded shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. Evercore ISI upgraded shares of Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 target price for the company in a research note on Wednesday, March 12th. Royal Bank Of Canada set a $190.00 target price on Capital One Financial and gave the company a "sector perform" rating in a report on Monday, April 14th. Wells Fargo & Company lifted their price target on Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Finally, Barclays reaffirmed an "overweight" rating and set a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $215.86.

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.