Mirae Asset Global Investments Co. Ltd. Grows Position in Capital One Financial Co. (NYSE:COF)

Mirae Asset Global Investments Co. Ltd. boosted its stake in Capital One Financial Co. (NYSE:COF) by 38.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 87,077 shares of the financial services provider’s stock after buying an additional 24,133 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Capital One Financial were worth $11,433,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dynamic Advisor Solutions LLC grew its stake in Capital One Financial by 10.5% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,586 shares of the financial services provider’s stock valued at $733,000 after purchasing an additional 531 shares during the period. Ellevest Inc. grew its stake in Capital One Financial by 25.1% in the 1st quarter. Ellevest Inc. now owns 2,618 shares of the financial services provider’s stock valued at $344,000 after purchasing an additional 526 shares during the period. D.A. Davidson & CO. grew its stake in Capital One Financial by 9.6% in the 1st quarter. D.A. Davidson & CO. now owns 39,577 shares of the financial services provider’s stock valued at $5,196,000 after purchasing an additional 3,455 shares during the period. American Century Companies Inc. grew its stake in Capital One Financial by 21.1% in the 1st quarter. American Century Companies Inc. now owns 57,409 shares of the financial services provider’s stock valued at $7,538,000 after purchasing an additional 9,984 shares during the period. Finally, SkyView Investment Advisors LLC grew its stake in Capital One Financial by 213.7% in the 4th quarter. SkyView Investment Advisors LLC now owns 13,775 shares of the financial services provider’s stock valued at $592,000 after purchasing an additional 9,384 shares during the period. 88.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on COF shares. Piper Sandler reduced their price objective on Capital One Financial to $125.00 in a research note on Friday, July 22nd. Robert W. Baird upgraded Capital One Financial from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a research note on Friday, June 17th. Citigroup cut their price target on Capital One Financial from $162.00 to $157.00 and set a “buy” rating for the company in a research note on Monday, July 25th. Morgan Stanley cut their price target on Capital One Financial from $126.00 to $121.00 and set an “equal weight” rating for the company in a research note on Friday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Capital One Financial from $192.00 to $170.00 in a research note on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Capital One Financial presently has a consensus rating of “Moderate Buy” and an average target price of $156.93.

Capital One Financial Stock Performance

NYSE:COF opened at $102.48 on Tuesday. The business’s 50-day moving average price is $108.52 and its two-hundred day moving average price is $118.48. Capital One Financial Co. has a twelve month low of $98.53 and a twelve month high of $174.65. The stock has a market cap of $39.33 billion, a P/E ratio of 4.50, a PEG ratio of 0.29 and a beta of 1.42. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.10.

Capital One Financial (NYSE:COFGet Rating) last released its quarterly earnings results on Thursday, July 21st. The financial services provider reported $4.96 earnings per share for the quarter, missing the consensus estimate of $5.11 by ($0.15). Capital One Financial had a net margin of 29.23% and a return on equity of 17.07%. During the same period in the previous year, the firm posted $7.71 earnings per share. As a group, equities analysts predict that Capital One Financial Co. will post 20.09 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Monday, August 8th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 5th. This represents a $2.40 annualized dividend and a dividend yield of 2.34%. Capital One Financial’s payout ratio is currently 10.54%.

Insider Buying and Selling at Capital One Financial

In related news, insider Timothy P. Golden sold 322 shares of the firm’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $108.85, for a total transaction of $35,049.70. Following the transaction, the insider now directly owns 11,392 shares of the company’s stock, valued at approximately $1,240,019.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Mark Daniel Mouadeb sold 600 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $100.94, for a total transaction of $60,564.00. Following the transaction, the insider now directly owns 12,243 shares of the company’s stock, valued at approximately $1,235,808.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Timothy P. Golden sold 322 shares of the firm’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $108.85, for a total value of $35,049.70. Following the transaction, the insider now directly owns 11,392 shares in the company, valued at $1,240,019.20. The disclosure for this sale can be found here. Insiders have sold a total of 78,928 shares of company stock valued at $8,506,721 in the last 90 days. Corporate insiders own 1.27% of the company’s stock.

Capital One Financial Profile

(Get Rating)

Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

See Also

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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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