Sumitomo Mitsui DS Asset Management Company Ltd Grows Stock Holdings in Capital One Financial Co. (NYSE:COF)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Capital One Financial Co. (NYSE:COF) by 6.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 43,332 shares of the financial services provider’s stock after buying an additional 2,469 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Capital One Financial were worth $5,999,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atria Wealth Solutions Inc. lifted its holdings in Capital One Financial by 452.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 13,142 shares of the financial services provider’s stock worth $1,723,000 after purchasing an additional 16,876 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Capital One Financial during the fourth quarter worth $47,000. Choreo LLC purchased a new position in Capital One Financial during the fourth quarter valued at $278,000. Van ECK Associates Corp increased its holdings in Capital One Financial by 10.0% in the 4th quarter. Van ECK Associates Corp now owns 32,137 shares of the financial services provider’s stock valued at $4,214,000 after acquiring an additional 2,925 shares during the last quarter. Finally, Brighton Jones LLC lifted its stake in Capital One Financial by 6.7% in the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 160 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Capital One Financial Price Performance

COF opened at $146.93 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The business has a fifty day moving average of $140.63 and a 200 day moving average of $140.07. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $153.35. The stock has a market cap of $55.86 billion, a P/E ratio of 11.51, a PEG ratio of 1.13 and a beta of 1.45.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The company had revenue of $9.51 billion for 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 firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.52 earnings per share. As a group, sell-side analysts anticipate that Capital One Financial Co. will post 13.17 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.63%. 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

In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the transaction, the insider now directly 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 available at the SEC website. In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 40,934 shares in the company, valued at approximately $5,438,491.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction dated 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 directly owns 73,734 shares in the company, valued at approximately $11,060,100. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on COF shares. Evercore ISI reduced their target price on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. BTIG Research assumed coverage on Capital One Financial in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. Bank of America increased their target price on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $145.00 to $165.00 in a research report on Thursday, June 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Capital One Financial 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.