Asahi Life Asset Management CO. LTD. Takes $484,000 Position in Capital One Financial Co. (NYSE:COF)

Asahi Life Asset Management CO. LTD. bought a new stake in shares of Capital One Financial Co. (NYSE:COF - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,230 shares of the financial services provider's stock, valued at approximately $484,000.

Several other institutional investors have also recently added to or reduced their stakes in COF. Capital Research Global Investors increased its stake in Capital One Financial by 72.8% during the first 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 purchasing an additional 8,900,241 shares during the last quarter. Eminence Capital LP bought a new position in shares of Capital One Financial during the second quarter worth about $127,465,000. Clearbridge Investments LLC grew its position in shares of Capital One Financial by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider's stock worth $517,184,000 after acquiring an additional 549,665 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Capital One Financial by 123.4% during the second quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider's stock worth $107,016,000 after acquiring an additional 427,000 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Capital One Financial by 1,518.0% during the third quarter. Assenagon Asset Management S.A. now owns 412,355 shares of the financial services provider's stock worth $61,742,000 after acquiring an additional 386,870 shares during the last quarter. Institutional investors own 89.84% of the company's stock.

Insider Buying and Selling

In related news, CEO Kevin S. Borgmann sold 61,532 shares of the firm's stock in a transaction on 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 directly owns 40,934 shares of the company's stock, valued at $5,438,491.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the transaction, the insider now owns 44,711 shares of the company's stock, valued at $7,153,760. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

COF has been the subject of several recent research reports. Evercore ISI lowered their price target on shares of Capital One Financial from $166.00 to $163.00 and set an "in-line" rating for the company in a research report on Monday, October 7th. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a "neutral" rating in a report on Monday, October 7th. Barclays upped their price objective on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 8th. Robert W. Baird upped their price target on shares of Capital One Financial from $145.00 to $150.00 and gave the company a "neutral" rating in a report on Friday. Finally, Citigroup initiated coverage on shares of Capital One Financial in a report on Friday, September 20th. They issued a "buy" rating and a $190.00 price target for the company. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Capital One Financial presently has a consensus rating of "Hold" and an average price target of $152.39.

Capital One Financial Stock Performance

Capital One Financial stock traded up $4.10 during trading hours on Monday, reaching $165.37. 3,823,916 shares of the company were exchanged, compared to its average volume of 2,473,187. The firm has a market cap of $62.87 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.22 and a beta of 1.44. 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 stock has a 50-day moving average of $147.82 and a 200 day moving average of $142.89. Capital One Financial Co. has a 12 month low of $98.42 and a 12 month high of $167.93.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.81. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company had revenue of $10 billion during the quarter, compared to analysts' expectations of $9.88 billion. During the same period in the prior year, the business earned $4.45 earnings per share. Capital One Financial's revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, research analysts anticipate that Capital One Financial Co. will post 12.87 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 1.45%. Capital One Financial's dividend 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.