The Manufacturers Life Insurance Company Sells 46,065 Shares of Capital One Financial Corporation $COF

The Manufacturers Life Insurance Company trimmed its position in Capital One Financial Corporation (NYSE:COF) by 11.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 365,685 shares of the financial services provider’s stock after selling 46,065 shares during the period. The Manufacturers Life Insurance Company’s holdings in Capital One Financial were worth $73,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its stake in Capital One Financial by 18.1% during the 4th quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock worth $85,739,000 after acquiring an additional 54,263 shares during the period. Sculptor Capital LP bought a new stake in shares of Capital One Financial during the 1st quarter valued at $33,932,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Capital One Financial by 2.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 223,977 shares of the financial services provider’s stock worth $54,283,000 after purchasing an additional 6,225 shares in the last quarter. Knights of Columbus Asset Advisors LLC grew its holdings in shares of Capital One Financial by 157.8% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 36,066 shares of the financial services provider’s stock worth $8,741,000 after purchasing an additional 22,074 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Capital One Financial by 6.5% in the first quarter. Swiss National Bank now owns 1,865,716 shares of the financial services provider’s stock worth $340,363,000 after purchasing an additional 113,200 shares during the period. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of COF stock opened at $208.29 on Friday. The business has a fifty day simple moving average of $212.66 and a 200 day simple moving average of $198.22. The company has a market cap of $127.78 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.76 and a beta of 1.02. 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.

Capital One Financial (NYSE:COF) last released its earnings results 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. The firm had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.48 earnings per share. On average, sell-side analysts forecast that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is presently 19.80%.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Celia Karam sold 1,888 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $225.52, for a total value of $425,781.76. Following the sale, the insider owned 59,708 shares in the company, valued at $13,465,348.16. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 29,767 shares of company stock worth $6,366,998 in the last ninety days. Insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on COF. BTIG Research boosted their price target on Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Bank of America reduced their price objective on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. HSBC raised shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $226.00 to $229.00 in a report on Sunday, July 12th. Barclays dropped their target price on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Finally, UBS Group increased their price target on shares of Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.91.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

Capital One primarily serves customers in the United States, with additional operations and financial services activities in Canada and the United Kingdom.