Rakuten Investment Management Inc. Buys 7,879 Shares of Capital One Financial Corporation $COF

Rakuten Investment Management Inc. raised its stake in Capital One Financial Corporation (NYSE:COF) by 7.8% during the third quarter, Holdings Channel reports. The fund owned 108,276 shares of the financial services provider’s stock after buying an additional 7,879 shares during the period. Rakuten Investment Management Inc.’s holdings in Capital One Financial were worth $21,272,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. State Street Corp increased its position in Capital One Financial by 107.9% in the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock worth $11,491,259,000 after buying an additional 29,724,829 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Capital One Financial by 0.5% during the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock valued at $10,242,628,000 after buying an additional 236,643 shares in the last quarter. Bank of America Corp DE purchased a new position in Capital One Financial in the 2nd quarter valued at approximately $1,435,311,000. Wellington Management Group LLP raised its holdings in Capital One Financial by 36.2% during the 2nd quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider’s stock valued at $1,426,029,000 after acquiring an additional 1,887,497 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Capital One Financial by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider’s stock worth $1,127,733,000 after acquiring an additional 187,532 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In related news, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction that occurred on 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 directly owned 27,992 shares in the company, valued at $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Celia Karam sold 2,017 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $206.07, for a total transaction of $415,643.19. Following the completion of the transaction, the insider owned 57,696 shares of the company’s stock, valued at approximately $11,889,414.72. The trade was a 3.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 115,194 shares of company stock worth $23,546,209 over the last quarter. Company insiders own 0.78% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF stock opened at $206.41 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The company has a market capitalization of $126.63 billion, a P/E ratio of 12.18, a PEG ratio of 0.95 and a beta of 1.10. The stock has a 50 day moving average price of $204.17 and a two-hundred day moving average price of $201.23.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, beating the consensus estimate of $5.53 by $1.16. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The business had revenue of $16.31 billion during the quarter, compared to analysts’ expectations of $16.25 billion. During the same quarter in the prior year, the company posted $5.95 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts expect that Capital One Financial Corporation will post 21.53 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, November 16th. Capital One Financial’s dividend payout ratio is presently 18.89%.

Analysts Set New Price Targets

A number of research firms recently issued reports on COF. Citigroup boosted their price objective on Capital One Financial from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. TD Cowen raised their target price on shares of Capital One Financial from $242.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Barclays boosted their price target on shares of Capital One Financial from $237.00 to $238.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. HSBC upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $226.00 to $229.00 in a research report on Sunday, July 12th. Finally, UBS Group reduced their price objective on Capital One Financial from $280.00 to $274.00 and set a “buy” rating on the stock in a research report on Monday. Twenty analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and an average target price of $256.50.

About Capital One Financial

Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.

Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.

The company primarily serves customers in the United States through digital channels, branches and other distribution networks.