Stevens Capital Management LP Grows Holdings in Capital One Financial Corporation $COF

Stevens Capital Management LP lifted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 367.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 24,073 shares of the financial services provider’s stock after buying an additional 18,928 shares during the quarter. Stevens Capital Management LP’s holdings in Capital One Financial were worth $5,117,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Capital One Financial by 74.8% in the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after acquiring an additional 24,129,990 shares during the period. State Street Corp boosted its stake in shares of Capital One Financial by 63.4% during the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after acquiring an additional 10,776,843 shares in the last quarter. Norges Bank purchased a new position in Capital One Financial during the second quarter worth $1,701,511,000. Geode Capital Management LLC increased its position in Capital One Financial by 64.1% during the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after purchasing an additional 5,474,328 shares in the last quarter. Finally, Boston Partners purchased a new stake in shares of Capital One Financial during the second quarter worth about $534,777,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of recent analyst reports. TD Cowen reaffirmed a “buy” rating on shares of Capital One Financial in a research report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a report on Monday, December 29th. Citigroup lifted their price objective on shares of Capital One Financial from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, December 31st. Wells Fargo & Company boosted their price target on Capital One Financial from $265.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Finally, Wolfe Research reduced their price objective on shares of Capital One Financial from $294.00 to $280.00 and set an “outperform” rating on the stock in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $274.70.

Capital One Financial Trading Up 1.6%

Capital One Financial stock opened at $208.36 on Friday. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $259.64. The firm has a market capitalization of $132.46 billion, a price-to-earnings ratio of 70.39, a PEG ratio of 0.60 and a beta of 1.14. The firm has a 50-day moving average price of $231.58 and a two-hundred day moving average price of $223.31. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. During the same period last year, the firm earned $2.67 earnings per share. The company’s revenue for the quarter was up 53.3% compared to the same quarter last year. Sell-side analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th will be issued a $0.80 dividend. The ex-dividend date is Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is 108.11%.

Insider Transactions at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total value of $500,000.00. Following the sale, the general counsel owned 92,486 shares of the company’s stock, valued at approximately $23,121,500. The trade was a 2.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ravi Raghu sold 13,450 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the completion of the sale, the insider owned 30,337 shares in the company, valued at approximately $7,584,250. This trade represents a 30.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,274 shares of company stock valued at $8,131,054 in the last quarter. Company insiders own 1.26% of the company’s stock.

Capital One Financial Profile

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.