Mufg Securities Americas Inc. Buys 3,070 Shares of Capital One Financial Corporation $COF

Mufg Securities Americas Inc. grew its stake in Capital One Financial Corporation (NYSE:COF) by 21.7% during the third quarter, HoldingsChannel reports. The fund owned 17,245 shares of the financial services provider’s stock after acquiring an additional 3,070 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Capital One Financial were worth $3,666,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Capital One Financial by 74.8% in the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after purchasing an additional 24,129,990 shares in the last quarter. State Street Corp grew its position in shares of Capital One Financial by 63.4% in the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after buying an additional 10,776,843 shares during the last quarter. Norges Bank bought a new position in shares of Capital One Financial during the 2nd quarter worth approximately $1,701,511,000. Geode Capital Management LLC lifted its position in Capital One Financial by 64.1% during 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 acquiring an additional 5,474,328 shares during the last quarter. Finally, Boston Partners acquired a new stake in Capital One Financial in the second quarter valued at approximately $534,777,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $250.00, for a total transaction of $500,000.00. Following the transaction, the general counsel directly owned 92,486 shares of the company’s stock, valued at $23,121,500. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Celia Karam sold 2,108 shares of Capital One Financial stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $218.25, for a total transaction of $460,071.00. Following the completion of the sale, the insider owned 59,269 shares in the company, valued at approximately $12,935,459.25. This trade represents a 3.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,274 shares of company stock worth $8,131,054 in the last quarter. 1.26% of the stock is owned by insiders.

Capital One Financial Trading Down 8.5%

Shares of NYSE:COF opened at $190.69 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $259.64. The business has a 50 day moving average of $230.60 and a two-hundred day moving average of $223.34. The company has a market capitalization of $118.60 billion, a PE ratio of 64.42, a PEG ratio of 0.61 and a beta of 1.14.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.During the same quarter in the previous year, the business earned $2.67 EPS. The business’s quarterly revenue was up 53.3% compared to the same quarter last year. As a group, analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th will be given a dividend of $0.80 per share. The ex-dividend date is Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio (DPR) is 108.11%.

Wall Street Analysts Forecast Growth

COF has been the topic of a number of recent analyst reports. HSBC reduced their price target on Capital One Financial from $234.00 to $226.00 and set a “hold” rating on the stock in a research report on Tuesday, January 20th. Morgan Stanley lifted their target price on shares of Capital One Financial from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Wells Fargo & Company upped their price target on shares of Capital One Financial from $265.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Jefferies Financial Group lifted their price objective on shares of Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Finally, TD Cowen reissued a “buy” rating on shares of Capital One Financial in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $274.70.

About Capital One Financial

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.