Mitsubishi UFJ Asset Management Co. Ltd. Purchases 67,540 Shares of Capital One Financial Corporation $COF

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 4.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,494,454 shares of the financial services provider’s stock after purchasing an additional 67,540 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Capital One Financial were worth $299,817,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COF. First Command Advisory Services Inc. grew its position 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 worth $259,000 after acquiring an additional 46 shares in the last quarter. Dogwood Wealth Management LLC increased its stake in shares of Capital One Financial by 26.0% during the 4th quarter. Dogwood Wealth Management LLC now owns 228 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 47 shares during the last quarter. High Note Wealth LLC raised its holdings in shares of Capital One Financial by 44.9% during the 4th quarter. High Note Wealth LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 48 shares in the last quarter. Fiducient Advisors LLC raised its holdings in shares of Capital One Financial by 4.2% during the 4th quarter. Fiducient Advisors LLC now owns 1,196 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 48 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. lifted its stake in shares of Capital One Financial by 5.0% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 1,057 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Down 2.5%

Shares of NYSE:COF opened at $221.77 on Tuesday. The company has a market cap of $136.05 billion, a P/E ratio of 13.72, a P/E/G ratio of 0.84 and a beta of 1.02. The stock’s 50-day moving average is $205.76 and its 200-day moving average is $198.08. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. During the same period in the previous year, the company posted $5.48 earnings per share. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. Equities research analysts predict that Capital One Financial Corporation will post 20.19 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.4%. Capital One Financial’s dividend payout ratio (DPR) is 19.80%.

Insiders Place Their Bets

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the transaction, the general counsel directly owned 90,194 shares of the company’s stock, valued at $18,760,352. This trade represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the sale, the insider directly owned 27,992 shares in the company, valued at $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 22,186 shares of company stock valued at $4,697,301. Corporate insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. UBS Group boosted their target price on Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Bank of America reduced their target price on Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Wall Street Zen cut Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, Barclays lowered their price target on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Twenty-one investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus price target of $259.36.

Capital One Financial Company 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.