Capital One Financial Co. (NYSE:COF) Shares Acquired by Prudential PLC

Prudential PLC lifted its stake in shares of Capital One Financial Co. (NYSE:COF) by 40.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,807 shares of the financial services provider’s stock after purchasing an additional 1,974 shares during the period. Prudential PLC’s holdings in Capital One Financial were worth $942,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Quest Partners LLC lifted its holdings in Capital One Financial by 793,300.0% in the second quarter. Quest Partners LLC now owns 7,934 shares of the financial services provider’s stock valued at $1,098,000 after acquiring an additional 7,933 shares during the last quarter. Ballentine Partners LLC lifted its holdings in Capital One Financial by 61.3% in the second quarter. Ballentine Partners LLC now owns 3,334 shares of the financial services provider’s stock valued at $462,000 after acquiring an additional 1,267 shares during the last quarter. Caprock Group LLC lifted its holdings in Capital One Financial by 137.5% in the second quarter. Caprock Group LLC now owns 20,481 shares of the financial services provider’s stock valued at $2,836,000 after acquiring an additional 11,858 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in Capital One Financial in the second quarter valued at approximately $42,000. Finally, Great Lakes Advisors LLC lifted its holdings in Capital One Financial by 0.4% in the second quarter. Great Lakes Advisors LLC now owns 32,392 shares of the financial services provider’s stock valued at $4,485,000 after acquiring an additional 117 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

NYSE:COF opened at $137.55 on Friday. The firm has a market capitalization of $52.30 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44. The business’s fifty day moving average price is $141.50 and its 200 day moving average price is $140.48. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial Co. has a 12 month low of $88.23 and a 12 month high of $153.35.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.14). The business had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $3.52 EPS. On average, sell-side analysts anticipate that Capital One Financial Co. will post 13.1 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

Insider Activity at Capital One Financial

In related news, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the transaction, the insider now owns 73,734 shares of the company’s stock, valued at $11,060,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the transaction, the insider now owns 73,734 shares in the company, valued at $11,060,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the transaction, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on COF. JPMorgan Chase & Co. upped their price objective on Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, July 8th. Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $145.00 to $165.00 in a research note on Thursday, June 6th. Royal Bank of Canada restated a “sector perform” rating and set a $150.00 price target on shares of Capital One Financial in a research note on Thursday, July 25th. Bank of America upped their price target on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Evercore ISI decreased their price target on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $145.89.

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.