Varma Mutual Pension Insurance Co Boosts Stock Position in Capital One Financial Corporation $COF

Varma Mutual Pension Insurance Co boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 22.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,582 shares of the financial services provider’s stock after acquiring an additional 22,300 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Capital One Financial were worth $26,271,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of Capital One Financial by 66.7% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 50 shares during the period. Solstein Capital LLC purchased a new stake in Capital One Financial during the 2nd quarter worth approximately $28,000. Roble Belko & Company Inc acquired a new stake in Capital One Financial during the 2nd quarter worth approximately $28,000. FNY Investment Advisers LLC acquired a new stake in Capital One Financial during the 2nd quarter worth approximately $28,000. Finally, Howard Hughes Medical Institute purchased a new position in Capital One Financial in the 2nd quarter valued at approximately $29,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COF has been the topic of a number of recent research reports. Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research note on Monday, December 29th. TD Cowen reaffirmed a “buy” rating on shares of Capital One Financial in a research report on Thursday, January 8th. Wolfe Research decreased their price objective on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating for the company in a research note on Friday, January 23rd. Finally, Zacks Research downgraded Capital One Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and an average target price of $274.70.

Insider Activity at Capital One Financial

In related news, insider Ravi Raghu sold 13,450 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $250.00, for a total value of $3,362,500.00. Following the completion of the sale, the insider directly owned 30,337 shares of the company’s stock, valued at $7,584,250. The trade was a 30.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $250.00, for a total transaction of $500,000.00. Following the completion of the transaction, the general counsel owned 92,486 shares of the company’s stock, valued at $23,121,500. This represents a 2.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,274 shares of company stock valued at $8,131,054 over the last quarter. 1.26% of the stock is owned by insiders.

Capital One Financial Trading Down 2.4%

COF opened at $214.64 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $259.64. The company has a market cap of $136.45 billion, a P/E ratio of 72.51, a PEG ratio of 0.65 and a beta of 1.14. The business’s 50-day simple moving average is $235.26 and its 200-day simple moving average is $223.64.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). The business had revenue of $15.62 billion during the quarter, compared to analyst estimates of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The business’s revenue for the quarter was up 53.3% compared to the same quarter last year. During the same period last year, the company earned $2.67 earnings per share. As a group, equities research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 19th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, February 19th. Capital One Financial’s dividend payout ratio (DPR) is 108.11%.

Capital One Financial Profile

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.