Meiji Yasuda Asset Management Co Ltd. Acquires New Shares in Capital One Financial Corporation $COF

Meiji Yasuda Asset Management Co Ltd. bought a new position in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,734 shares of the financial services provider’s stock, valued at approximately $1,351,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COF. HighTower Advisors LLC boosted its stake in shares of 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 in the last quarter. Swiss Life Asset Management Ltd raised its stake in shares of Capital One Financial by 11.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 115,843 shares of the financial services provider’s stock valued at $28,076,000 after acquiring an additional 11,651 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Capital One Financial by 2.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 223,977 shares of the financial services provider’s stock valued at $54,283,000 after acquiring an additional 6,225 shares in the last quarter. Sculptor Capital LP acquired a new stake in Capital One Financial in the 1st quarter worth approximately $33,932,000. Finally, Truist Financial Corp lifted its holdings in Capital One Financial by 2.5% in the 4th quarter. Truist Financial Corp now owns 640,050 shares of the financial services provider’s stock worth $155,122,000 after purchasing an additional 15,644 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Piper Sandler assumed coverage on Capital One Financial in a research report on Monday, June 29th. They set an “overweight” rating and a $254.00 target price for the company. BTIG Research boosted their price objective on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Rothschild & Co Redburn reduced their price objective on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. 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, JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Twenty-one analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $259.14.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $216.29 on Tuesday. The business has a 50 day moving average price of $209.09 and a 200 day moving average price of $197.97. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The company has a market cap of $132.69 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 0.80 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 (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 analyst estimates of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company’s revenue was up 26.9% on a year-over-year basis. During the same quarter last year, the firm posted $5.48 EPS. Research analysts predict that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s dividend payout ratio is currently 19.80%.

Insiders Place Their Bets

In related news, insider Michael Zamsky sold 5,473 shares of the business’s stock in a transaction 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 transaction, the insider owned 27,992 shares of the company’s stock, valued at approximately $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Lia Dean sold 2,193 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $225.52, for a total transaction of $494,565.36. Following the transaction, the insider owned 63,261 shares of the company’s stock, valued at approximately $14,266,620.72. The trade was a 3.35% 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 26,267 shares of company stock valued at $5,617,648 in the last 90 days. 0.78% of the stock is currently owned by corporate insiders.

Capital One Financial Company 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.