Coronation Fund Managers Ltd. Purchases New Stake in Capital One Financial Co. (NYSE:COF)

Coronation Fund Managers Ltd. bought a new position in shares of Capital One Financial Co. (NYSE:COF - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 48,755 shares of the financial services provider's stock, valued at approximately $6,750,000.

Several other hedge funds have also recently added to or reduced their stakes in COF. Silicon Valley Capital Partners purchased a new position in Capital One Financial in the 1st quarter valued at $25,000. LRI Investments LLC acquired a new position in shares of Capital One Financial during the 1st quarter worth $25,000. Y.D. More Investments Ltd acquired a new position in shares of Capital One Financial during the 2nd quarter worth $28,000. Hobbs Group Advisors LLC acquired a new position in shares of Capital One Financial during the 2nd quarter worth $29,000. Finally, Bartlett & CO. Wealth Management LLC raised its stake in shares of Capital One Financial by 726.7% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider's stock worth $33,000 after buying an additional 218 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. BTIG Research initiated coverage on shares of Capital One Financial in a research note on Friday, June 7th. They issued a "neutral" rating for the company. Jefferies Financial Group raised Capital One Financial from a "hold" rating to a "buy" rating and upped their target price for the company from $145.00 to $165.00 in a research report on Thursday, June 6th. Citigroup began coverage on Capital One Financial in a research report on Friday, September 20th. They set a "buy" rating and a $190.00 price target on the stock. Bank of America increased their target price on Capital One Financial from $158.00 to $161.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. Finally, 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. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $147.21.

Insider Transactions at Capital One Financial

In related 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 completion of the transaction, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Robert M. Alexander sold 30,742 shares of the business's stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the transaction, the insider now owns 73,734 shares of the company's stock, valued at $11,060,100. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Kevin S. Borgmann sold 61,532 shares of the company's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the sale, the chief executive officer now directly owns 40,934 shares of the company's stock, valued at approximately $5,438,491.24. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Capital One Financial Price Performance

COF stock traded down $0.12 during mid-day trading on Wednesday, hitting $146.68. The company had a trading volume of 254,549 shares, compared to its average volume of 2,451,913. The company has a market capitalization of $55.77 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 1.21 and a beta of 1.44. Capital One Financial Co. has a 12-month low of $88.23 and a 12-month high of $154.18. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average price of $142.72 and a 200 day moving average price of $141.42.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing analysts' consensus estimates of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the company earned $3.52 earnings per share. Capital One Financial's revenue was up 5.5% on a year-over-year basis. On average, research analysts anticipate that Capital One Financial Co. will post 12.91 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.64%. The ex-dividend date was Monday, August 12th. Capital One Financial's payout ratio is 18.79%.

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.