OFI Invest Asset Management Invests $910,000 in Capital One Financial Co. (NYSE:COF)

OFI Invest Asset Management acquired a new stake in Capital One Financial Co. (NYSE:COF) during the second quarter, Holdings Channel reports. The fund acquired 7,044 shares of the financial services provider’s stock, valued at approximately $910,000.

Several other hedge funds also recently added to or reduced their stakes in COF. Capital Research Global Investors increased its position in shares of Capital One Financial by 72.8% during the 1st quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock worth $3,145,761,000 after purchasing an additional 8,900,241 shares during the last quarter. Norges Bank acquired a new stake in shares of Capital One Financial during the fourth quarter valued at about $409,831,000. Clearbridge Investments LLC lifted its holdings in shares of Capital One Financial by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock worth $517,184,000 after acquiring an additional 549,665 shares during the last quarter. National Bank of Canada FI boosted its position in shares of Capital One Financial by 443.1% during the 4th quarter. National Bank of Canada FI now owns 553,744 shares of the financial services provider’s stock worth $73,150,000 after purchasing an additional 451,789 shares during the period. Finally, Panagora Asset Management Inc. increased its holdings in Capital One Financial by 5,968.2% in the 4th quarter. Panagora Asset Management Inc. now owns 418,404 shares of the financial services provider’s stock valued at $54,861,000 after purchasing an additional 411,509 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on COF. JPMorgan Chase & Co. upped their price target on Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, July 8th. Bank of America raised their target price on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and lifted their target price for the company from $145.00 to $165.00 in a research report on Thursday, June 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $150.00 price target on shares of Capital One Financial in a research report on Thursday, July 25th. Finally, BTIG Research began coverage on shares of Capital One Financial in a report on Friday, June 7th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Capital One Financial presently has an average rating of “Hold” and a consensus price target of $145.89.

Insider Activity at Capital One Financial

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

Capital One Financial Price Performance

NYSE:COF traded up $2.45 during trading hours on Friday, reaching $139.56. 1,883,617 shares of the company traded hands, compared to its average volume of 2,525,777. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. The firm’s 50-day moving average is $139.66 and its 200-day moving average is $139.65. The stock has a market cap of $53.06 billion, a P/E ratio of 10.93, a P/E/G ratio of 1.13 and a beta of 1.45. Capital One Financial Co. has a 1-year low of $88.23 and a 1-year high of $153.35.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The firm had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same period in the previous year, the company posted $3.52 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts expect that Capital One Financial Co. will post 13.17 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 12th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Monday, August 12th. Capital One Financial’s dividend payout ratio (DPR) is currently 18.79%.

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.