iA Global Asset Management Inc. Has $361,000 Stake in Capital One Financial Co. (NYSE:COF)

iA Global Asset Management Inc. trimmed its stake in shares of Capital One Financial Co. (NYSE:COF) by 80.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,609 shares of the financial services provider’s stock after selling 10,764 shares during the period. iA Global Asset Management Inc.’s holdings in Capital One Financial were worth $361,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in COF. Capital Research Global Investors raised its holdings in shares of Capital One Financial by 72.8% during the first 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 during the period. Norges Bank acquired a new stake in shares of Capital One Financial during the fourth quarter worth $409,831,000. Clearbridge Investments LLC grew its position in Capital One Financial by 18.8% in the first quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock valued at $517,184,000 after purchasing an additional 549,665 shares in the last quarter. National Bank of Canada FI grew its position in Capital One Financial by 443.1% in the fourth quarter. National Bank of Canada FI now owns 553,744 shares of the financial services provider’s stock valued at $73,150,000 after purchasing an additional 451,789 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its position in Capital One Financial by 5,968.2% in the fourth quarter. Panagora Asset Management Inc. now owns 418,404 shares of the financial services provider’s stock valued at $54,861,000 after purchasing an additional 411,509 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on COF shares. Bank of America raised 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. BTIG Research started coverage on shares of Capital One Financial in a research report on Friday, June 7th. They issued a “neutral” rating for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 target price on shares of Capital One Financial in a research report on Thursday, July 25th. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $145.00 to $165.00 in a research report on Thursday, June 6th. Finally, JPMorgan Chase & Co. raised their target price 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 analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $145.89.

Capital One Financial Stock Performance

NYSE COF opened at $146.93 on Friday. The firm has a 50-day moving average of $140.83 and a 200-day moving average of $140.14. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $55.86 billion, a PE ratio of 11.51, a P/E/G ratio of 1.13 and a beta of 1.45. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $153.35.

Capital One Financial (NYSE:COF) last posted 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). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the prior year, the business posted $3.52 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Capital One Financial Co. will post 13.17 EPS for the current year.

Capital One Financial Announces Dividend

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

Insiders Place Their Bets

In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of Capital One Financial stock in a transaction dated Wednesday, July 17th. The shares were 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 in the company, valued at approximately $11,060,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of Capital One Financial stock in a transaction dated Wednesday, July 17th. The shares were 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 in the company, valued at approximately $11,060,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the sale, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The disclosure for this sale can be found here. Corporate 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.