Caisse de depot et placement du Quebec Takes $86.08 Million Position in Capital One Financial Corporation $COF

Caisse de depot et placement du Quebec acquired a new position in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 429,061 shares of the financial services provider’s stock, valued at approximately $86,078,000.

Other large investors also recently made changes to their positions in the company. First Command Advisory Services Inc. raised its stake in Capital One Financial by 4.5% during the 4th quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider’s stock worth $259,000 after buying an additional 46 shares during the period. Dogwood Wealth Management LLC grew 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 acquiring an additional 47 shares during the period. High Note Wealth LLC grew its stake in Capital One Financial by 44.9% in the fourth quarter. High Note Wealth LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 48 shares during the period. Fiducient Advisors LLC increased its holdings in shares of Capital One Financial by 4.2% during the fourth quarter. Fiducient Advisors LLC now owns 1,196 shares of the financial services provider’s stock valued at $290,000 after acquiring an additional 48 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. increased its holdings in shares of Capital One Financial by 5.0% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 1,057 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 50 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Timothy P. Golden sold 3,487 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction of $735,757.00. Following the completion of the transaction, the chief accounting officer owned 7,429 shares in the company, valued at approximately $1,567,519. This represents a 31.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total transaction of $728,000.00. Following the sale, the general counsel owned 90,194 shares of the company’s stock, valued at $18,760,352. This trade represents a 3.74% 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 sold 26,267 shares of company stock worth $5,617,648 in the last ninety days. Corporate insiders own 0.78% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE COF opened at $216.91 on Friday. The company has a market capitalization of $133.07 billion, a PE ratio of 13.42, a PEG ratio of 0.80 and a beta of 1.02. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average price is $210.04 and its 200-day moving average price is $197.87. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping the consensus estimate of $4.79 by $1.02. The business had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business’s revenue was up 26.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.48 earnings per share. On average, equities analysts anticipate that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be issued 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 Monday, August 17th. Capital One Financial’s payout ratio is 19.80%.

Analysts Set New Price Targets

COF has been the topic of a number of recent research reports. Citigroup cut their target price on Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Wolfe Research upped their price objective on shares of Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday. Bank of America dropped their price objective on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. UBS Group lifted their price objective on shares of Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, Barclays decreased their target price on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Twenty-one analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $258.91.

About Capital One Financial

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.