357,547 Shares in Capital One Financial Corporation $COF Purchased by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 357,547 shares of the financial services provider’s stock, valued at approximately $64,108,000. Zurich Insurance Group Ltd FI owned 0.09% of Capital One Financial as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in COF. WPG Advisers LLC acquired a new position in Capital One Financial during the first quarter valued at approximately $25,000. Saudi Central Bank purchased a new position in Capital One Financial in the first quarter valued at about $27,000. Beacon Capital Management LLC grew its position in shares of Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock worth $32,000 after buying an additional 97 shares in the last quarter. Bogart Wealth LLC raised its stake in shares of Capital One Financial by 1,518.8% in the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 243 shares in the last quarter. Finally, Motco lifted its holdings in Capital One Financial by 115.1% during the 1st quarter. Motco now owns 256 shares of the financial services provider’s stock worth $46,000 after buying an additional 137 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the transaction, the chief accounting officer owned 8,780 shares of the company’s stock, valued at $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,298 shares of company stock worth $4,679,844. Insiders own 1.26% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $219.94 on Tuesday. The firm has a market cap of $140.66 billion, a price-to-earnings ratio of 112.79, a P/E/G ratio of 0.87 and a beta of 1.17. Capital One Financial Corporation has a 1 year low of $131.55 and a 1 year high of $232.45. 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 business has a fifty day simple moving average of $217.53 and a 200 day simple moving average of $195.74.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same quarter last year, the company earned $3.14 EPS. The business’s revenue for the quarter was up 31.4% compared to the same quarter last year. As a group, sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio is currently 123.08%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Rothschild & Co Redburn began coverage on shares of Capital One Financial in a research report on Friday, August 1st. They set a “buy” rating and a $290.00 price objective for the company. TD Cowen upgraded Capital One Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Wall Street Zen downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Royal Bank Of Canada lifted their price target on Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 23rd. Finally, Citigroup lifted their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. 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 currently has an average rating of “Moderate Buy” and an average target price of $238.81.

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.