Coronation Fund Managers Ltd. Buys New Holdings in Capital One Financial Co. (NYSE:COF)

Coronation Fund Managers Ltd. purchased a new position in shares of Capital One Financial Co. (NYSE:COF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 48,755 shares of the financial services provider’s stock, valued at approximately $6,750,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Capital One Financial by 0.7% in the first quarter. Vanguard Group Inc. now owns 30,893,408 shares of the financial services provider’s stock valued at $4,599,720,000 after buying an additional 226,720 shares during the last quarter. Capital Research Global Investors boosted 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 acquiring an additional 8,900,241 shares in the last quarter. Capital World Investors boosted its position in shares of 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 worth $1,965,761,000 after acquiring an additional 311,696 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Capital One Financial by 5.5% in the 2nd quarter. Clearbridge Investments LLC now owns 3,663,439 shares of the financial services provider’s stock valued at $507,203,000 after acquiring an additional 189,843 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Capital One Financial by 2.5% during the 2nd quarter. Legal & General Group Plc now owns 3,331,196 shares of the financial services provider’s stock worth $461,204,000 after acquiring an additional 79,908 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Down 2.0 %

COF stock opened at $146.80 on Wednesday. The stock has a market capitalization of $55.81 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. The company has a fifty day moving average of $142.72 and a 200-day moving average of $141.42. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. Capital One Financial Co. has a one year low of $88.23 and a one year high of $154.18.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the business earned $3.52 EPS. Capital One Financial’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, analysts expect that Capital One Financial Co. will post 12.91 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.63%. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

Analysts Set New Price Targets

Several brokerages have commented on COF. Evercore ISI dropped their price target on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. Bank of America increased their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Citigroup began coverage on shares of Capital One Financial in a research report on Friday, September 20th. They issued a “buy” rating and a $190.00 price target for the company. BTIG Research began coverage on shares of Capital One Financial in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Finally, JPMorgan Chase & Co. lifted their target price on Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 8th. One 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 company’s stock. According to MarketBeat.com, Capital One Financial presently has an average rating of “Hold” and a consensus price target of $147.21.

Insider Activity at Capital One Financial

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 value of $4,611,300.00. Following the completion of the sale, the insider now owns 73,734 shares of the company’s stock, valued at $11,060,100. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the company’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 $11,060,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction that occurred on 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 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. Company insiders own 1.30% of the company’s stock.

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.