Sumitomo Mitsui Trust Group Inc. Grows Position in Capital One Financial Corporation (NYSE:COF)

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 931,274 shares of the financial services provider's stock after purchasing an additional 64,669 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Capital One Financial worth $166,977,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC acquired a new stake in Capital One Financial during the 4th quarter valued at approximately $27,000. SBI Securities Co. Ltd. acquired a new stake in Capital One Financial during the 4th quarter valued at approximately $32,000. Beacon Capital Management LLC lifted its stake in Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 97 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in Capital One Financial during the 4th quarter valued at approximately $41,000. Finally, Bernard Wealth Management Corp. acquired a new stake in Capital One Financial during the 1st quarter valued at approximately $54,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insiders Place Their Bets

In other news, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the sale, the director now owns 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the sale, the insider now directly owns 20,089 shares of the company's stock, valued at $4,005,746.60. The trade was a 32.24% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

COF has been the subject of several research reports. Royal Bank Of Canada set a $190.00 price objective on shares of Capital One Financial and gave the company a "sector perform" rating in a research note on Monday, April 14th. Robert W. Baird upgraded shares of Capital One Financial from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $190.00 to $200.00 in a research note on Tuesday, March 11th. BTIG Research upgraded shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective for the company in a research note on Tuesday, March 25th. JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $183.00 to $210.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Truist Financial boosted their target price on shares of Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $215.86.

Capital One Financial Stock Performance

NYSE:COF opened at $211.17 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.97 and a current ratio of 0.98. The company has a fifty day moving average of $192.21 and a two-hundred day moving average of $186.41. The stock has a market capitalization of $80.91 billion, a PE ratio of 17.73, a P/E/G ratio of 0.93 and a beta of 1.13. Capital One Financial Corporation has a fifty-two week low of $128.23 and a fifty-two week high of $212.82.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. The company had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.07 billion. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. As a group, research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial's dividend payout ratio is presently 20.15%.

Capital One Financial Company 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.

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