Westpac Banking Corp Grows Stock Position in Capital One Financial Corporation $COF

Westpac Banking Corp increased its holdings in Capital One Financial Corporation (NYSE:COF) by 178.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 43,079 shares of the financial services provider’s stock after acquiring an additional 27,612 shares during the period. Westpac Banking Corp’s holdings in Capital One Financial were worth $9,165,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COF. Western Wealth Management LLC grew its holdings in shares of Capital One Financial by 66.7% during the 2nd quarter. Western Wealth Management LLC now owns 6,915 shares of the financial services provider’s stock worth $1,471,000 after purchasing an additional 2,767 shares during the period. Bell Investment Advisors Inc lifted its position in Capital One Financial by 86.9% in the second quarter. Bell Investment Advisors Inc now owns 200 shares of the financial services provider’s stock valued at $43,000 after buying an additional 93 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in Capital One Financial by 166.8% during the second quarter. Tortoise Investment Management LLC now owns 1,030 shares of the financial services provider’s stock worth $219,000 after buying an additional 644 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Capital One Financial during the second quarter worth about $830,000. Finally, Kingsview Wealth Management LLC increased its position in shares of Capital One Financial by 24.8% during the second quarter. Kingsview Wealth Management LLC now owns 11,677 shares of the financial services provider’s stock valued at $2,484,000 after acquiring an additional 2,324 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $219.41, for a total value of $438,820.00. Following the completion of the transaction, the general counsel directly owned 96,486 shares of the company’s stock, valued at $21,169,993.26. This represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Timothy P. Golden sold 207 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the transaction, the chief accounting officer owned 8,780 shares in the company, valued at $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 256,380 shares of company stock valued at $57,129,478. 1.26% of the stock is owned by insiders.

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 52-week low of $143.22 and a 52-week high of $232.45. The company has a 50 day moving average of $218.70 and a 200 day moving average of $210.96. 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 company has a market capitalization of $133.97 billion, a P/E ratio of 88.92, a P/E/G ratio of 0.70 and a beta of 1.19.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. The business 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%. As a group, research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on COF shares. HSBC lifted their price objective on Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a research note on Thursday. Redburn Atlantic raised shares of Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. The Goldman Sachs Group lifted their price objective on shares of Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Keefe, Bruyette & Woods increased their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Four research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Capital One Financial Company Profile

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.