Capital One Financial Corporation $COF Shares Bought by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS AM increased its stake in Capital One Financial by 45.1%, acquiring an additional 1,454,595 shares, bringing their total ownership to approximately 1.22% valued at $838.6 million.
• In the first quarter, other large investors also bolstered their positions, with Mirae Asset Global Investments increasing holdings by 18.6% and Creative Financial Designs expanding by 105.3%.
• Capital One recently declared a $0.60 quarterly dividend, representing an annual yield of 1.1%, with a payout ratio of 123.08% as per their latest financial performance report.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 45.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,677,128 shares of the financial services provider's stock after purchasing an additional 1,454,595 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.22% of Capital One Financial worth $838,609,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of COF. TFB Advisors LLC raised its position in shares of Capital One Financial by 3.4% in the 1st quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock worth $276,000 after buying an additional 51 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Capital One Financial by 0.9% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider's stock worth $1,097,000 after buying an additional 53 shares during the period. Opal Wealth Advisors LLC raised its position in shares of Capital One Financial by 3.1% in the 1st quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock worth $386,000 after buying an additional 64 shares during the period. MAI Capital Management raised its position in shares of Capital One Financial by 0.7% in the 1st quarter. MAI Capital Management now owns 8,622 shares of the financial services provider's stock worth $1,546,000 after buying an additional 64 shares during the period. Finally, Y.D. More Investments Ltd raised its position in shares of Capital One Financial by 13.9% in the 1st quarter. Y.D. More Investments Ltd now owns 540 shares of the financial services provider's stock worth $97,000 after buying an additional 66 shares during the period. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Down 0.3%

Shares of COF traded down $0.76 during trading on Friday, reaching $223.59. The company's stock had a trading volume of 2,153,601 shares, compared to its average volume of 4,303,866. The company has a market cap of $142.99 billion, a price-to-earnings ratio of 114.66, a P/E/G ratio of 0.87 and a beta of 1.17. Capital One Financial Corporation has a twelve month low of $137.64 and a twelve month high of $232.45. The company has a fifty day moving average of $217.84 and a two-hundred day moving average of $196.29. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

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 firm had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. The firm's revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter last year, the business posted $3.14 earnings per share. On average, sell-side analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is 123.08%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on COF. Truist Financial increased their target price on Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday. Rothschild & Co Redburn initiated coverage on Capital One Financial in a research report on Friday, August 1st. They issued a "buy" rating and a $290.00 target price on the stock. Wells Fargo & Company raised their price objective 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. Wall Street Zen lowered Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Royal Bank Of Canada boosted their price target on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $239.44.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the sale, the general counsel directly owned 100,486 shares in the company, valued at approximately $22,448,572.40. This trade represents a 1.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,298 shares of company stock worth $4,679,844 in the last ninety days. Insiders own 1.26% of the company's stock.

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.