Janus Henderson Group PLC increased its holdings in Capital One Financial Co. (NYSE:COF - Free Report) by 61.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,859,525 shares of the financial services provider's stock after acquiring an additional 709,970 shares during the period. Janus Henderson Group PLC owned approximately 0.49% of Capital One Financial worth $331,596,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Capital One Financial in the 4th quarter valued at about $590,279,000. Lone Pine Capital LLC acquired a new stake in shares of Capital One Financial during the fourth quarter valued at about $577,012,000. Egerton Capital UK LLP acquired a new stake in shares of Capital One Financial during the fourth quarter valued at about $279,159,000. FMR LLC raised its stake in shares of Capital One Financial by 21.6% in the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock valued at $1,440,449,000 after acquiring an additional 1,436,935 shares during the period. Finally, Meritage Group LP acquired a new position in shares of Capital One Financial in the 4th quarter worth approximately $227,662,000. Institutional investors and hedge funds 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 stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director now owns 56,244 shares in the company, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Zamsky sold 9,560 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $199.40, for a total value of $1,906,264.00. Following the sale, the insider now owns 20,089 shares of the company's stock, valued at approximately $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 owned by company insiders.
Capital One Financial Stock Up 0.1%
NYSE:COF traded up $0.16 during mid-day trading on Thursday, hitting $197.40. The stock had a trading volume of 8,200,447 shares, compared to its average volume of 3,286,418. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67. The stock has a 50-day simple moving average of $174.37 and a two-hundred day simple moving average of $183.21. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $75.63 billion, a PE ratio of 17.03, a PEG ratio of 1.19 and a beta of 1.13.
Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating analysts' consensus estimates of $3.75 by $0.31. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.07 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. On average, equities research analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current year.
Capital One Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Friday, May 23rd. Capital One Financial's dividend payout ratio is presently 20.15%.
Analysts Set New Price Targets
COF has been the subject of several research reports. Argus upgraded shares of Capital One Financial to a "strong-buy" rating in a report on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Citigroup cut their price objective on Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Barclays raised their target price on Capital One Financial from $219.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Capital One Financial from $198.00 to $170.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $207.73.
Read Our Latest Stock Analysis on Capital One Financial
About Capital One Financial
(
Free Report)
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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