Legal & General Group Plc Has $461.20 Million Holdings in Capital One Financial Co. (NYSE:COF)

Legal & General Group Plc lifted its holdings in Capital One Financial Co. (NYSE:COF - Free Report) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,331,196 shares of the financial services provider's stock after acquiring an additional 79,908 shares during the quarter. Legal & General Group Plc owned approximately 0.88% of Capital One Financial worth $461,204,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of COF. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Capital One Financial by 21.4% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider's stock worth $4,093,000 after purchasing an additional 4,840 shares in the last quarter. Twin Tree Management LP boosted its position in Capital One Financial by 5.6% in the 1st quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider's stock valued at $10,200,000 after buying an additional 3,609 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new stake in shares of Capital One Financial in the 2nd quarter valued at $511,000. QRG Capital Management Inc. raised its position in shares of Capital One Financial by 3.2% during the second quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider's stock worth $16,927,000 after acquiring an additional 3,776 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Capital One Financial by 20.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,817 shares of the financial services provider's stock valued at $2,355,000 after acquiring an additional 2,675 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on COF. Evercore ISI dropped their price objective on Capital One Financial from $155.00 to $154.00 and set an "in-line" rating for the company in a report on Tuesday, June 25th. Royal Bank of Canada restated a "sector perform" rating and issued a $150.00 price objective on shares of Capital One Financial in a report on Thursday, July 25th. Jefferies Financial Group raised shares of Capital One Financial from a "hold" rating to a "buy" rating and lifted their target price for the stock from $145.00 to $165.00 in a report on Thursday, June 6th. BTIG Research began coverage on Capital One Financial in a research note on Friday, June 7th. They issued a "neutral" rating on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $148.00 to $155.00 and gave the stock a "neutral" rating in a research note on Monday, July 8th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Capital One Financial currently has an average rating of "Hold" and a consensus target price of $147.21.

Capital One Financial Stock Up 0.9 %

Shares of COF stock traded up $1.31 during trading hours on Friday, hitting $149.09. 1,512,463 shares of the company were exchanged, compared to its average volume of 2,473,465. Capital One Financial Co. has a 52 week low of $88.23 and a 52 week high of $154.18. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average of $142.60 and a two-hundred day moving average of $141.27. The company has a market capitalization of $56.68 billion, a PE ratio of 11.68, a PEG ratio of 1.21 and a beta of 1.44.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.28 by ($0.14). The firm had revenue of $9.51 billion for 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%. Capital One Financial's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $3.52 EPS. Analysts anticipate that Capital One Financial Co. will post 12.91 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial's payout ratio is 18.79%.

Insiders Place Their Bets

In other news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the sale, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Kevin S. Borgmann sold 61,532 shares of the firm's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the transaction, the chief executive officer now owns 40,934 shares in the company, valued at approximately $5,438,491.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of the company's stock in a transaction dated 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 owns 73,734 shares in the company, valued at approximately $11,060,100. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Capital One Financial Company Profile

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.