Investment Management Corp of Ontario Has $17.57 Million Holdings in Capital One Financial Corporation $COF

Investment Management Corp of Ontario raised its stake in Capital One Financial Corporation (NYSE:COF) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,511 shares of the financial services provider’s stock after buying an additional 2,619 shares during the period. Investment Management Corp of Ontario’s holdings in Capital One Financial were worth $17,574,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in COF. Norges Bank acquired a new stake in Capital One Financial in the fourth quarter valued at approximately $2,089,803,000. Capital International Investors boosted its position in Capital One Financial by 107.9% in the third quarter. Capital International Investors now owns 4,040,408 shares of the financial services provider’s stock valued at $859,602,000 after buying an additional 2,097,208 shares in the last quarter. Viking Global Investors LP boosted its position in Capital One Financial by 30.3% in the third 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 buying an additional 1,717,148 shares in the last quarter. Bessemer Group Inc. boosted its position in Capital One Financial by 7,143.2% in the fourth quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock valued at $350,966,000 after buying an additional 1,428,133 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Capital One Financial by 12.8% during the third 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 in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Price Performance

COF stock opened at $200.69 on Thursday. The firm has a market cap of $124.89 billion, a price-to-earnings ratio of 70.42, a PEG ratio of 0.72 and a beta of 1.03. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The company’s fifty day simple moving average is $190.09 and its 200 day simple moving average is $206.97.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.08 by ($0.66). The firm had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. Capital One Financial’s quarterly revenue was up 52.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.06 EPS. On average, analysts expect that Capital One Financial Corporation will post 19.51 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were paid a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s payout ratio is 112.28%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total value of $643,755.00. Following the transaction, the general counsel directly owned 97,194 shares of the company’s stock, valued at approximately $17,876,892.42. The trade was a 3.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the transaction, the insider directly owned 61,579 shares in the company, valued at approximately $11,858,883.82. This trade represents a 2.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 8,040 shares of company stock valued at $1,498,615. 0.78% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on COF. Evercore cut their price target on Capital One Financial from $265.00 to $222.00 and set an “outperform” rating on the stock in a research note on Monday, April 6th. UBS Group cut their price target on Capital One Financial from $283.00 to $270.00 in a research note on Wednesday, May 6th. The Goldman Sachs Group cut their price target on Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Jefferies Financial Group reissued a “buy” rating and set a $300.00 price target on shares of Capital One Financial in a research note on Monday, March 16th. Finally, TD Cowen cut their price target on Capital One Financial from $290.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Seventeen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and an average target price of $258.75.

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.