Capital One Financial Corporation $COF Position Increased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 50.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,192 shares of the financial services provider’s stock after buying an additional 30,310 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Capital One Financial were worth $19,189,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC boosted its holdings in Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after buying an additional 62 shares in the last quarter. Signature Resources Capital Management LLC bought a new stake in Capital One Financial during the second quarter worth approximately $28,000. WPG Advisers LLC bought a new stake in Capital One Financial during the first quarter worth approximately $25,000. Saudi Central Bank bought a new stake in Capital One Financial during the first quarter worth approximately $27,000. Finally, First United Bank & Trust bought a new stake in Capital One Financial during the second quarter worth approximately $32,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Stock Up 0.3%

Capital One Financial stock opened at $214.39 on Friday. The company has a market capitalization of $137.10 billion, a P/E ratio of 109.94, a P/E/G ratio of 0.82 and a beta of 1.18. The firm’s fifty day simple moving average is $219.30 and its 200-day simple moving average is $201.16. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The firm’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.14 EPS. Sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider owned 27,364 shares of the company’s stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the sale, the chief accounting officer owned 8,987 shares of the company’s stock, valued at $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,298 shares of company stock worth $5,103,824 over the last quarter. Company insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the subject of a number of research reports. Morgan Stanley raised their target price on shares of Capital One Financial from $261.00 to $267.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Capital One Financial from $215.00 to $224.00 and gave the stock a “hold” rating in a research note on Thursday. TD Cowen raised shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their price objective for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Evercore ISI raised their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $249.06.

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.