Resona Asset Management Co. Ltd. Has $48.60 Million Holdings in Capital One Financial Corporation $COF

Resona Asset Management Co. Ltd. lessened its stake in shares of Capital One Financial Corporation (NYSE:COF) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 199,998 shares of the financial services provider’s stock after selling 7,638 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Capital One Financial were worth $48,595,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital International Investors increased its holdings in shares of Capital One Financial by 107.9% in the 3rd quarter. Capital International Investors now owns 4,040,408 shares of the financial services provider’s stock valued at $859,602,000 after purchasing an additional 2,097,208 shares during the period. Viking Global Investors LP increased its holdings in shares of Capital One Financial by 30.3% in the 3rd quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock valued at $1,570,649,000 after purchasing an additional 1,717,148 shares during the period. Bessemer Group Inc. increased its holdings in shares of Capital One Financial by 7,143.2% in the 4th quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock valued at $350,966,000 after purchasing an additional 1,428,133 shares during the period. Franklin Resources Inc. increased its holdings in shares of Capital One Financial by 12.8% in the 3rd quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock valued at $2,516,587,000 after purchasing an additional 1,339,215 shares during the period. Finally, Waverton Investment Management Ltd increased its holdings in shares of Capital One Financial by 1,390.9% in the 3rd quarter. Waverton Investment Management Ltd now owns 1,181,834 shares of the financial services provider’s stock valued at $251,323,000 after purchasing an additional 1,102,563 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Trading Down 0.1%

NYSE:COF opened at $187.03 on Tuesday. The stock’s 50 day moving average price is $188.28 and its 200 day moving average price is $211.35. Capital One Financial Corporation has a 52 week low of $174.98 and a 52 week high of $259.64. The company has a market capitalization of $116.39 billion, a P/E ratio of 65.62, a P/E/G ratio of 0.68 and a beta of 1.05. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The firm had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.68 billion. During the same quarter in the prior year, the company posted $4.06 EPS. The company’s quarterly revenue was up 52.3% on a year-over-year basis. On average, research analysts forecast that Capital One Financial Corporation will post 19.17 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. Capital One Financial’s dividend payout ratio is presently 112.28%.

Insider Activity

In other Capital One Financial news, insider Jason P. Hanson sold 3,729 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total transaction of $764,445.00. Following the completion of the sale, the insider owned 40,230 shares of the company’s stock, valued at $8,247,150. This represents a 8.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Neal Blinde sold 38,135 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total value of $7,265,098.85. Following the sale, the insider directly owned 33,551 shares of the company’s stock, valued at $6,391,801.01. The trade was a 53.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 49,904 shares of company stock valued at $9,528,159. Insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the topic of a number of research reports. Wolfe Research dropped their target price on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. Royal Bank Of Canada dropped their target price on Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a report on Friday, April 10th. HSBC dropped their target price on Capital One Financial from $234.00 to $226.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a report on Friday, March 27th. Finally, UBS Group dropped their target price on Capital One Financial from $283.00 to $270.00 in a report on Wednesday, May 6th. Eighteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $257.52.

Capital One Financial Profile

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.