854,060 Shares in Capital One Financial Corporation $COF Bought by PointState Capital LP

PointState Capital LP purchased a new position in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 854,060 shares of the financial services provider’s stock, valued at approximately $171,342,000. Capital One Financial makes up 2.2% of PointState Capital LP’s holdings, making the stock its 13th largest holding. PointState Capital LP owned 0.14% of Capital One Financial as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of COF. BlackRock Inc. grew its position in shares of Capital One Financial by 0.5% during the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock worth $10,242,628,000 after purchasing an additional 236,643 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Capital One Financial by 5.4% in the 4th quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock worth $3,023,795,000 after purchasing an additional 638,158 shares in the last quarter. Morgan Stanley boosted its stake in Capital One Financial by 3.9% in the 4th quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock worth $2,103,196,000 after purchasing an additional 323,350 shares during the period. Norges Bank bought a new position in Capital One Financial in the 4th quarter worth approximately $2,089,803,000. Finally, Davis Selected Advisers grew its holdings in Capital One Financial by 2.8% during the 4th quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock valued at $2,087,878,000 after buying an additional 234,649 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on COF shares. UBS Group lifted their price objective on shares of Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Wolfe Research raised their target price on shares of Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday. Barclays reduced their price target on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings raised shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Finally, TD Cowen cut their price objective on Capital One Financial from $260.00 to $253.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $258.91.

Insider Buying and Selling

In other news, CAO Timothy P. Golden sold 3,487 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total value of $735,757.00. Following the completion of the sale, the chief accounting officer directly owned 7,429 shares of the company’s stock, valued at $1,567,519. This trade represents a 31.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ravi Raghu sold 9,726 shares of Capital One Financial stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the transaction, the insider owned 26,328 shares of the company’s stock, valued at approximately $5,523,087.84. This trade represents a 26.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 26,267 shares of company stock valued at $5,617,648 in the last quarter. 0.78% of the stock is currently owned by insiders.

Capital One Financial Price Performance

Capital One Financial stock opened at $217.55 on Thursday. The company has a market cap of $133.46 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.79 and a beta of 1.02. The firm’s fifty day moving average is $209.74 and its 200 day moving average is $197.92. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. During the same period last year, the company posted $5.48 EPS. The business’s revenue was up 26.9% on a year-over-year basis. Sell-side analysts forecast that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a $0.80 dividend. The ex-dividend date is Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.

About Capital One Financial

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.