Healthcare of Ontario Pension Plan Trust Fund Decreases Stock Holdings in Capital One Financial Co. (NYSE:COF)

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in shares of Capital One Financial Co. (NYSE:COF) by 17.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,018 shares of the financial services provider’s stock after selling 9,482 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Capital One Financial were worth $6,034,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in COF. Vanguard Group Inc. increased its position in Capital One Financial by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 30,666,688 shares of the financial services provider’s stock valued at $4,021,016,000 after buying an additional 131,400 shares in the last quarter. Capital World Investors increased its position in Capital One Financial by 2.1% during the 4th quarter. Capital World Investors now owns 14,991,564 shares of the financial services provider’s stock valued at $1,965,761,000 after buying an additional 311,696 shares in the last quarter. Capital Research Global Investors increased its position in Capital One Financial by 16.7% during the 4th quarter. Capital Research Global Investors now owns 12,227,848 shares of the financial services provider’s stock valued at $1,603,316,000 after buying an additional 1,745,545 shares in the last quarter. Pzena Investment Management LLC increased its position in Capital One Financial by 1.6% during the 4th quarter. Pzena Investment Management LLC now owns 7,751,043 shares of the financial services provider’s stock valued at $1,016,317,000 after buying an additional 124,055 shares in the last quarter. Finally, Northern Trust Corp increased its position in Capital One Financial by 2.6% during the 3rd quarter. Northern Trust Corp now owns 3,954,877 shares of the financial services provider’s stock valued at $383,821,000 after buying an additional 99,915 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

Shares of COF stock opened at $137.16 on Tuesday. The company has a market capitalization of $52.15 billion, a P/E ratio of 10.74, a P/E/G ratio of 1.05 and a beta of 1.45. The business’s 50 day moving average is $140.38 and its two-hundred day moving average is $135.95. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.86. Capital One Financial Co. has a 12-month low of $88.23 and a 12-month high of $149.94.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04). The business had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.35 billion. Capital One Financial had a return on equity of 9.74% and a net margin of 10.19%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.31 EPS. Analysts expect that Capital One Financial Co. will post 13.05 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.40 dividend on an annualized basis and a yield of 1.75%. Capital One Financial’s dividend payout ratio is currently 18.79%.

Analysts Set New Price Targets

COF has been the topic of several recent analyst reports. Citigroup upped their target price on Capital One Financial from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. BTIG Research assumed coverage on Capital One Financial in a report on Friday, June 7th. They issued a “neutral” rating on the stock. Piper Sandler increased their price objective on Capital One Financial from $126.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, February 23rd. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $159.00 price objective on shares of Capital One Financial in a report on Wednesday, March 27th. Finally, Wolfe Research raised Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price objective on the stock in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $141.25.

Insiders Place Their Bets

In other news, insider Timothy P. Golden sold 8,656 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total value of $1,246,810.24. Following the transaction, the insider now owns 10,246 shares in the company, valued at $1,475,833.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Capital One Financial news, insider Timothy P. Golden sold 8,656 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total value of $1,246,810.24. Following the transaction, the insider now owns 10,246 shares in the company, valued at approximately $1,475,833.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Celia Karam sold 16,913 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total value of $2,416,529.44. Following the completion of the transaction, the insider now owns 47,081 shares in the company, valued at approximately $6,726,933.28. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

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.