Sumitomo Mitsui Trust Group Inc. Acquires 116,829 Shares of Capital One Financial Corporation $COF

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 7.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,586,386 shares of the financial services provider’s stock after acquiring an additional 116,829 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.25% of Capital One Financial worth $337,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in COF. Earned Wealth Advisors LLC purchased a new stake in shares of Capital One Financial in the second quarter worth approximately $254,000. Plancorp LLC purchased a new stake in Capital One Financial in the second quarter worth $272,000. CIBC Asset Management Inc lifted its position in shares of Capital One Financial by 53.9% during the second quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock worth $18,830,000 after purchasing an additional 30,991 shares during the last quarter. Cortland Associates Inc. MO purchased a new stake in shares of Capital One Financial during the third quarter valued at $14,391,000. Finally, Smith Chas P & Associates PA Cpas grew its holdings in shares of Capital One Financial by 1,490.0% in the second quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock worth $9,252,000 after purchasing an additional 40,751 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In related news, insider Frank G. LapradeIii sold 17,840 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $222.03, for a total value of $3,961,015.20. Following the completion of the transaction, the insider directly owned 48,315 shares of the company’s stock, valued at $10,727,379.45. This trade represents a 26.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ravi Raghu sold 13,450 shares of Capital One Financial stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the completion of the sale, the insider owned 30,337 shares of the company’s stock, valued at $7,584,250. This trade represents a 30.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 298,895 shares of company stock valued at $67,111,541. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Trading Down 2.5%

NYSE:COF opened at $249.41 on Monday. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $259.64. The firm has a 50 day moving average of $230.47 and a 200 day moving average of $222.26. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $158.56 billion, a price-to-earnings ratio of 105.23, a PEG ratio of 0.57 and a beta of 1.13.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.46 billion for the quarter. As a group, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.3%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, November 17th. Capital One Financial’s dividend payout ratio (DPR) is 135.02%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on COF. BTIG Research lifted their price objective on shares of Capital One Financial from $264.00 to $308.00 and gave the company a “buy” rating in a report on Friday, December 26th. Deutsche Bank Aktiengesellschaft boosted their price target on Capital One Financial from $240.00 to $263.00 and gave the company a “hold” rating in a report on Wednesday, December 17th. Morgan Stanley restated an “overweight” rating and set a $280.00 price objective on shares of Capital One Financial in a report on Tuesday, December 16th. Wolfe Research initiated coverage on Capital One Financial in a research report on Monday, December 8th. They set an “outperform” rating and a $270.00 target price for the company. Finally, Barclays increased their price target on Capital One Financial from $271.00 to $294.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven 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 an average price target of $276.25.

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.