Capital One Financial Corporation $COF Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Capital One Financial Corporation (NYSE:COF) by 81.6% in the 2nd quarter, Holdings Channel reports. The firm owned 1,224,055 shares of the financial services provider’s stock after purchasing an additional 549,918 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Capital One Financial were worth $260,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Parkside Financial Bank & Trust increased its stake in Capital One Financial by 64.5% in the second quarter. Parkside Financial Bank & Trust now owns 7,325 shares of the financial services provider’s stock valued at $1,558,000 after purchasing an additional 2,871 shares during the period. Cypress Capital Management LLC WY acquired a new stake in shares of Capital One Financial during the second quarter worth about $76,000. Aviva PLC grew its holdings in shares of Capital One Financial by 86.8% during the second quarter. Aviva PLC now owns 499,114 shares of the financial services provider’s stock worth $106,191,000 after buying an additional 231,944 shares during the last quarter. Los Angeles Capital Management LLC increased its position in Capital One Financial by 60.0% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,100,765 shares of the financial services provider’s stock valued at $234,199,000 after acquiring an additional 412,624 shares during the period. Finally, Prospera Financial Services Inc raised its stake in Capital One Financial by 41.1% during the 2nd quarter. Prospera Financial Services Inc now owns 11,539 shares of the financial services provider’s stock valued at $2,458,000 after acquiring an additional 3,361 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $219.41, for a total value of $438,820.00. Following the completion of the transaction, the general counsel directly owned 96,486 shares of the company’s stock, valued at $21,169,993.26. This trade represents a 2.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Timothy P. Golden sold 207 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the sale, the chief accounting officer owned 8,780 shares in the company, valued at approximately $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 259,842 shares of company stock valued at $57,857,467 in the last 90 days. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on COF shares. Truist Financial lifted their target price on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, September 12th. TD Cowen increased their price target on Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $235.00 to $237.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Finally, UBS Group dropped their price target on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Capital One Financial Price Performance

Capital One Financial stock opened at $217.83 on Friday. The company has a market cap of $139.31 billion, a P/E ratio of 91.91, a price-to-earnings-growth ratio of 0.70 and a beta of 1.19. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The business has a fifty day moving average of $219.28 and a two-hundred day moving average of $209.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.46 billion during the quarter. As a group, analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, November 17th. Capital One Financial’s dividend payout ratio is 101.27%.

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.