MML Investors Services LLC Has $51.18 Million Stock Position in Capital One Financial Corporation $COF

MML Investors Services LLC boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 7.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 211,190 shares of the financial services provider’s stock after purchasing an additional 13,822 shares during the period. MML Investors Services LLC’s holdings in Capital One Financial were worth $51,184,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in Capital One Financial by 16.6% during the third quarter. Victory Capital Management Inc. now owns 378,450 shares of the financial services provider’s stock valued at $80,451,000 after buying an additional 53,961 shares in the last quarter. APG Asset Management N.V. raised its holdings in Capital One Financial by 12.9% during the third quarter. APG Asset Management N.V. now owns 416,935 shares of the financial services provider’s stock valued at $88,632,000 after buying an additional 47,627 shares in the last quarter. Swiss Life Asset Management Ltd raised its holdings in Capital One Financial by 16.4% during the third quarter. Swiss Life Asset Management Ltd now owns 104,192 shares of the financial services provider’s stock valued at $22,149,000 after buying an additional 14,700 shares in the last quarter. Waverton Investment Management Ltd raised its holdings in Capital One Financial by 1,390.9% during the third quarter. Waverton Investment Management Ltd now owns 1,181,834 shares of the financial services provider’s stock valued at $251,323,000 after buying an additional 1,102,563 shares in the last quarter. Finally, Picton Mahoney Asset Management raised its holdings in Capital One Financial by 41.1% during the third quarter. Picton Mahoney Asset Management now owns 165,686 shares of the financial services provider’s stock valued at $35,220,000 after buying an additional 48,243 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Buying and Selling

In related news, insider Lia Dean sold 1,692 shares of Capital One Financial stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total transaction of $314,052.12. Following the sale, the insider directly owned 65,454 shares of the company’s stock, valued at $12,148,916.94. This trade represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a filing 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, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total value of $643,755.00. Following the sale, the general counsel directly owned 97,194 shares in the company, valued at approximately $17,876,892.42. This trade represents a 3.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 valued at $1,498,615 over the last three months. 0.78% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on COF shares. Wells Fargo & Company cut their target price on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft dropped their price objective 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. UBS Group dropped their price objective on Capital One Financial from $283.00 to $270.00 in a research note on Wednesday, May 6th. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Finally, Rothschild & Co Redburn dropped their price objective on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Seventeen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.75.

Capital One Financial Trading Up 5.3%

Capital One Financial stock opened at $194.58 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50-day simple moving average is $189.38 and its 200-day simple moving average is $207.20. The firm has a market capitalization of $121.08 billion, a PE ratio of 68.27, a PEG ratio of 0.66 and a beta of 1.03. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share 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 firm had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.68 billion. During the same period last year, the business earned $4.06 earnings per share. The firm’s quarterly revenue was up 52.3% compared to the same quarter last year. Equities research analysts forecast that Capital One Financial Corporation will post 19.51 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is 112.28%.

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.