Itau Unibanco Holding S.A. Invests $830,000 in Capital One Financial Corporation $COF

Itau Unibanco Holding S.A. bought a new position in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, Holdings Channel reports. The fund bought 3,903 shares of the financial services provider’s stock, valued at approximately $830,000.

A number of other institutional investors have also recently bought and sold shares of COF. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after buying an additional 117,427,549 shares during the period. Vanguard Group Inc. boosted its stake in Capital One Financial by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider’s stock worth $5,782,590,000 after purchasing an additional 506,105 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Capital One Financial by 64.1% in the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after purchasing an additional 5,474,328 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Capital One Financial by 41.3% in the second quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock worth $1,491,676,000 after buying an additional 2,050,010 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Capital One Financial by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock worth $854,647,000 after buying an additional 734,939 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on COF shares. Evercore ISI lifted their target price on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. The Goldman Sachs Group upped their price objective on shares of Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Zacks Research upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Citigroup upped their target price on Capital One Financial from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Wells Fargo & Company boosted their price target on Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Neal Blinde sold 43,200 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total value of $9,583,056.00. Following the sale, the insider owned 73,020 shares of the company’s stock, valued at $16,198,026.60. The trade was a 37.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $219.41, for a total transaction of $438,820.00. Following the completion of the transaction, the general counsel owned 96,486 shares of the company’s stock, valued at approximately $21,169,993.26. This represents a 2.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 256,380 shares of company stock worth $57,129,478 over the last ninety days. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Stock Down 2.8%

Shares of Capital One Financial stock opened at $210.74 on Friday. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average price of $218.70 and a two-hundred day moving average price of $210.96. The stock has a market capitalization of $133.97 billion, a P/E ratio of 88.92, a PEG ratio of 0.70 and a beta of 1.19.

Capital One Financial (NYSE:COF) last announced its earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. The firm had revenue of $15.46 billion for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. Equities analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s payout ratio is presently 135.02%.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of 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.