Franklin Resources Inc. Acquires 638,158 Shares of Capital One Financial Corporation $COF

Franklin Resources Inc. raised its holdings in Capital One Financial Corporation (NYSE:COF) by 5.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,476,462 shares of the financial services provider’s stock after purchasing an additional 638,158 shares during the quarter. Capital One Financial accounts for about 0.7% of Franklin Resources Inc.’s holdings, making the stock its 24th biggest position. Franklin Resources Inc.’s holdings in Capital One Financial were worth $3,023,795,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Tompkins Financial Corp raised its stake in Capital One Financial by 4.3% in the fourth quarter. Tompkins Financial Corp now owns 977 shares of the financial services provider’s stock valued at $237,000 after buying an additional 40 shares during the period. Focus Financial Network Inc. raised its stake in Capital One Financial by 2.8% in the fourth quarter. Focus Financial Network Inc. now owns 1,570 shares of the financial services provider’s stock valued at $380,000 after buying an additional 43 shares during the period. First Command Advisory Services Inc. raised its stake in Capital One Financial by 4.5% in the fourth quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider’s stock valued at $259,000 after buying an additional 46 shares during the period. Stephens Consulting LLC raised its stake in Capital One Financial by 10.3% in the fourth quarter. Stephens Consulting LLC now owns 504 shares of the financial services provider’s stock valued at $122,000 after buying an additional 47 shares during the period. Finally, Dogwood Wealth Management LLC raised its stake in Capital One Financial by 26.0% in the fourth quarter. Dogwood Wealth Management LLC now owns 228 shares of the financial services provider’s stock valued at $55,000 after buying an additional 47 shares during the period. Institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total transaction of $643,755.00. Following the transaction, the general counsel owned 97,194 shares in the company, valued at $17,876,892.42. This trade represents a 3.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 1,692 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total value of $314,052.12. Following the transaction, the insider owned 65,454 shares in the company, valued at approximately $12,148,916.94. This trade represents a 2.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,040 shares of company stock worth $1,498,615 in the last 90 days. Company insiders own 0.78% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE COF opened at $180.58 on Monday. The firm has a market cap of $112.37 billion, a P/E ratio of 63.36, a price-to-earnings-growth ratio of 0.66 and a beta of 1.03. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. Capital One Financial Corporation has a 1-year low of $174.98 and a 1-year high of $259.64. The business’s 50 day moving average is $189.03 and its 200-day moving average is $208.15.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The company had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. During the same quarter last year, the business earned $4.06 EPS. Capital One Financial’s revenue was up 52.3% on a year-over-year basis. Equities research analysts predict that Capital One Financial Corporation will post 19.13 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s dividend payout ratio (DPR) is 112.28%.

Analyst Ratings Changes

COF has been the topic of several research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $300.00 price objective on shares of Capital One Financial in a research note on Monday, March 16th. Deutsche Bank Aktiengesellschaft lowered their target price on Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Royal Bank Of Canada lowered their target price on Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a research note on Friday, April 10th. The Goldman Sachs Group lowered their target price on Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Finally, Wells Fargo & Company lowered their target price on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Seventeen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.75.

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.