Resona Asset Management Co. Ltd. Raises Stock Position in Capital One Financial Corporation $COF

Resona Asset Management Co. Ltd. boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 74.1% during the second quarter, Holdings Channel.com reports. The firm owned 218,416 shares of the financial services provider’s stock after buying an additional 92,935 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Capital One Financial were worth $46,410,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of COF. Brighton Jones LLC increased its position in shares of Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after acquiring an additional 10,428 shares during the last quarter. Mutual Advisors LLC acquired a new stake in shares of Capital One Financial during the first quarter valued at about $215,000. OneDigital Investment Advisors LLC increased its position in shares of Capital One Financial by 39.5% during the first quarter. OneDigital Investment Advisors LLC now owns 4,287 shares of the financial services provider’s stock valued at $769,000 after acquiring an additional 1,213 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Capital One Financial by 10.0% during the first quarter. Envestnet Asset Management Inc. now owns 677,389 shares of the financial services provider’s stock valued at $121,456,000 after acquiring an additional 61,444 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its position in shares of Capital One Financial by 13.3% during the first quarter. TD Private Client Wealth LLC now owns 1,521 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 178 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the transaction, the general counsel owned 98,486 shares in the company, valued at approximately $20,878,047.14. This represents a 1.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Richard D. Fairbank sold 103,486 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $225.68, for a total transaction of $23,354,720.48. Following the completion of the transaction, the chief executive officer owned 4,051,228 shares of the company’s stock, valued at approximately $914,281,135.04. The trade was a 2.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 111,155 shares of company stock worth $24,998,080. Corporate insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

COF has been the subject of a number of recent analyst reports. BTIG Research reiterated a “buy” rating and set a $264.00 price target on shares of Capital One Financial in a research report on Wednesday, October 22nd. TD Cowen lifted their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Truist Financial lifted their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Citigroup lifted their price target on shares of Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Capital One Financial in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus target price of $261.63.

Capital One Financial Trading Up 0.3%

Shares of Capital One Financial stock opened at $221.45 on Thursday. The company has a fifty day simple moving average of $219.68 and a 200-day simple moving average of $209.01. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. The stock has a market cap of $141.62 billion, a price-to-earnings ratio of 93.44, a PEG ratio of 0.70 and a beta of 1.18.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $1.70. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $15.06 billion. During the same quarter in the prior year, the business posted $4.51 EPS. The company’s revenue for the quarter was up 53.4% on a year-over-year basis. On average, equities analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio (DPR) is currently 101.27%.

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.