The Manufacturers Life Insurance Company Invests $73.36 Million in Capital One Financial Corporation $COF

The Manufacturers Life Insurance Company bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 365,685 shares of the financial services provider’s stock, valued at approximately $73,364,000. The Manufacturers Life Insurance Company owned approximately 0.06% of Capital One Financial as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Evolution Wealth Management Inc. lifted its stake in Capital One Financial by 529.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 90 shares during the period. Solstein Capital LLC acquired a new position in shares of Capital One Financial in the 2nd quarter worth approximately $26,000. VSM Wealth Advisory LLC acquired a new position in shares of Capital One Financial in the 4th quarter worth approximately $27,000. Cherry Tree Wealth Management LLC lifted its position in shares of Capital One Financial by 1,312.5% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after buying an additional 105 shares during the period. Finally, Ballast Advisors LLC bought a new position in shares of Capital One Financial during the 1st quarter worth approximately $27,000. Institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on COF. Barclays reduced their target price on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. TD Cowen decreased their price target on Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. BTIG Research raised their target price on Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Weiss Ratings raised shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Finally, Wall Street Zen downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $258.91.

Insider Buying and Selling

In related news, insider Michael Zamsky sold 5,473 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the sale, the insider owned 27,992 shares in the company, valued at $6,102,815.84. This represents a 16.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total transaction of $728,000.00. Following the sale, the general counsel directly owned 90,194 shares of the company’s stock, valued at approximately $18,760,352. This trade represents a 3.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 26,267 shares of company stock worth $5,617,648 over the last three months. Insiders own 0.78% of the company’s stock.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $216.29 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The company has a 50-day simple moving average of $209.40 and a two-hundred day simple moving average of $197.91. The stock has a market capitalization of $132.69 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 0.79 and a beta of 1.02.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. During the same period last year, the firm posted $5.48 earnings per share. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. Analysts forecast that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.