Van ECK Associates Corp Boosts Holdings in Capital One Financial Corporation $COF

Van ECK Associates Corp raised its position in shares of Capital One Financial Corporation (NYSE:COF) by 10.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,360 shares of the financial services provider’s stock after acquiring an additional 3,888 shares during the period. Van ECK Associates Corp’s holdings in Capital One Financial were worth $8,298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted 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 worth $10,242,628,000 after purchasing an additional 236,643 shares during the period. Franklin Resources Inc. lifted its stake in Capital One Financial by 5.4% in the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock worth $3,023,795,000 after purchasing an additional 638,158 shares during the last quarter. Morgan Stanley boosted its position in shares of Capital One Financial by 3.9% during the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock valued at $2,103,196,000 after buying an additional 323,350 shares during the period. Norges Bank purchased a new position in shares of Capital One Financial during the fourth quarter valued at approximately $2,089,803,000. Finally, Viking Global Investors LP grew its stake in shares of Capital One Financial by 30.3% during the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock valued at $1,570,649,000 after buying an additional 1,717,148 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Down 1.7%

COF opened at $210.90 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. The stock’s fifty day moving average is $210.86 and its two-hundred day moving average is $197.76. The company has a market capitalization of $129.38 billion, a P/E ratio of 13.05, a PEG ratio of 0.79 and a beta of 1.02. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64.

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

Capital One Financial Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently issued reports on COF. Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $226.00 to $229.00 in a research note on Sunday, July 12th. Weiss Ratings upgraded Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Wolfe Research boosted their target price on shares of Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Finally, TD Cowen cut their price target on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Twenty-one equities research 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, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus target price of $258.91.

Insider Buying and Selling

In other news, insider Michael Zamsky sold 5,473 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the completion of the sale, the insider owned 27,992 shares in the company, valued at approximately $6,102,815.84. The trade was a 16.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Celia Karam sold 1,888 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $425,781.76. Following the completion of the transaction, the insider directly owned 59,708 shares of the company’s stock, valued at $13,465,348.16. This trade represents a 3.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 26,267 shares of company stock valued at $5,617,648 over the last quarter. 0.78% of the stock is owned by company insiders.

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.