Capital One Financial Corporation $COF Position Lessened by Lone Pine Capital LLC

Lone Pine Capital LLC decreased its position in shares of Capital One Financial Corporation (NYSE:COF) by 16.6% in the third quarter, Holdings Channel.com reports. The firm owned 2,569,491 shares of the financial services provider’s stock after selling 511,142 shares during the period. Capital One Financial comprises 4.0% of Lone Pine Capital LLC’s holdings, making the stock its 11th largest holding. Lone Pine Capital LLC’s holdings in Capital One Financial were worth $546,222,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COF. Laird Norton Wetherby Wealth Management LLC increased its position in Capital One Financial by 2.6% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 17,438 shares of the financial services provider’s stock worth $3,707,000 after purchasing an additional 434 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Capital One Financial by 16.7% during the 3rd quarter. Larson Financial Group LLC now owns 4,215 shares of the financial services provider’s stock valued at $896,000 after buying an additional 604 shares during the last quarter. Lido Advisors LLC lifted its holdings in shares of Capital One Financial by 20.3% during the 3rd quarter. Lido Advisors LLC now owns 27,561 shares of the financial services provider’s stock valued at $5,859,000 after buying an additional 4,658 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Capital One Financial by 7.1% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 39,287 shares of the financial services provider’s stock valued at $8,352,000 after buying an additional 2,602 shares in the last quarter. Finally, JPL Wealth Management LLC bought a new stake in shares of Capital One Financial in the 3rd quarter valued at approximately $84,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Neal Blinde sold 38,135 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the completion of the sale, the insider directly owned 33,551 shares in the company, valued at $6,391,801.01. This represents a 53.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Celia Karam sold 2,108 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $218.25, for a total value of $460,071.00. Following the completion of the sale, the insider directly owned 59,269 shares in the company, valued at approximately $12,935,459.25. This represents a 3.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 67,933 shares of company stock worth $14,363,897. Corporate insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on COF. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Capital One Financial from $263.00 to $256.00 and set a “hold” rating on the stock in a research report on Friday, January 23rd. Barclays decreased their target price on shares of Capital One Financial from $294.00 to $287.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Citigroup increased their price target on shares of Capital One Financial from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, December 31st. Zacks Research downgraded shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $275.95.

Capital One Financial Stock Up 0.4%

COF opened at $180.54 on Tuesday. The firm has a market cap of $112.28 billion, a P/E ratio of 60.99, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. The business has a 50 day moving average price of $214.21 and a 200 day moving average price of $220.50. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $259.64.

Capital One Financial (NYSE:COF) last announced its quarterly 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%. The company had revenue of $15.62 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same quarter last year, the business earned $2.67 EPS. The company’s revenue for the quarter was up 53.3% on a year-over-year basis. Research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were paid a $0.80 dividend. The ex-dividend date was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.8%. Capital One Financial’s dividend payout ratio (DPR) is presently 108.11%.

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.