Meiji Yasuda Life Insurance Co Invests $266,000 in Capital One Financial Co. (NYSE:COF)

Meiji Yasuda Life Insurance Co acquired a new stake in shares of Capital One Financial Co. (NYSE:COF) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,788 shares of the financial services provider’s stock, valued at approximately $266,000.

Several other institutional investors have also bought and sold shares of COF. Vanguard Group Inc. raised its stake in shares of Capital One Financial by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 30,893,408 shares of the financial services provider’s stock worth $4,599,720,000 after buying an additional 226,720 shares in the last quarter. Capital Research Global Investors lifted its holdings in Capital One Financial by 72.8% in the 1st quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock valued at $3,145,761,000 after acquiring an additional 8,900,241 shares during the last quarter. Capital World Investors boosted its position in shares of Capital One Financial by 2.1% during the 4th quarter. Capital World Investors now owns 14,991,564 shares of the financial services provider’s stock valued at $1,965,761,000 after purchasing an additional 311,696 shares in the last quarter. Pzena Investment Management LLC grew its stake in shares of Capital One Financial by 1.6% in the 4th quarter. Pzena Investment Management LLC now owns 7,751,043 shares of the financial services provider’s stock worth $1,016,317,000 after purchasing an additional 124,055 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of Capital One Financial by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock worth $517,184,000 after purchasing an additional 549,665 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

NYSE:COF opened at $151.66 on Thursday. The firm’s 50-day moving average is $139.99 and its 200-day moving average is $139.28. The company has a market cap of $57.66 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 1.20 and a beta of 1.45. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $153.35.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.14). The firm had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $3.52 earnings per share. Equities research analysts anticipate that Capital One Financial Co. will post 13.17 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 12th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.58%. Capital One Financial’s payout ratio is currently 18.79%.

Wall Street Analyst Weigh In

COF has been the subject of a number of research reports. Bank of America raised their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Wells Fargo & Company increased their price objective on Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 target price on shares of Capital One Financial in a research note on Thursday, July 25th. Wolfe Research raised shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price target for the company in a research report on Thursday, April 4th. Finally, Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $165.00 in a research report on Thursday, June 6th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $145.89.

Insider Buying and Selling

In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the sale, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Celia Karam sold 16,913 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the sale, the insider now owns 47,081 shares in the company, valued at $6,726,933.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the sale, the insider now directly owns 73,734 shares in the company, valued at approximately $11,060,100. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

About Capital One Financial

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.