Boston Partners Takes Position in Capital One Financial Corporation $COF

Boston Partners purchased a new stake in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,513,916 shares of the financial services provider’s stock, valued at approximately $534,777,000. Boston Partners owned about 0.39% of Capital One Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. WPG Advisers LLC purchased a new position in shares of Capital One Financial during the 1st quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC grew its position in Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after buying an additional 62 shares during the period. Olistico Wealth LLC increased its holdings in Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after buying an additional 101 shares in the last quarter. Saudi Central Bank purchased a new position in Capital One Financial in the first quarter valued at $27,000. Finally, RMG Wealth Management LLC acquired a new position in shares of Capital One Financial in the second quarter worth about $27,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

NYSE COF opened at $214.37 on Wednesday. The company has a market cap of $136.28 billion, a P/E ratio of 90.45, a P/E/G ratio of 0.70 and a beta of 1.19. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a 50-day moving average of $216.16 and a two-hundred day moving average of $212.11.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. The company had revenue of $15.46 billion during the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. As a group, analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.5%. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, November 17th. Capital One Financial’s dividend payout ratio is 135.02%.

Analysts Set New Price Targets

A number of research firms recently issued reports on COF. UBS Group dropped their price target on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Evercore ISI lifted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Wolfe Research boosted their target price on shares of Capital One Financial from $260.00 to $262.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $235.00 to $237.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Finally, Barclays increased their target price on Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.

Insider Activity

In other Capital One Financial news, CEO Richard D. Fairbank sold 103,487 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total value of $22,837,511.16. Following the sale, the chief executive officer directly owned 4,001,228 shares of the company’s stock, valued at approximately $882,990,995.04. This represents a 2.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Frank G. LapradeIii sold 17,840 shares of Capital One Financial stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the sale, the insider directly owned 48,315 shares of the company’s stock, valued at approximately $10,727,379.45. This trade represents a 26.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 274,013 shares of company stock worth $61,045,903 over the last three months. Insiders own 1.26% of the company’s stock.

Capital One Financial Profile

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.