Capital One Financial Corporation $COF Shares Sold by Lone Pine Capital LLC

Lone Pine Capital LLC lessened its holdings in Capital One Financial Corporation (NYSE:COF) by 3.0% during the second quarter, HoldingsChannel.com reports. The fund owned 3,080,633 shares of the financial services provider’s stock after selling 95,510 shares during the quarter. Capital One Financial makes up about 4.7% of Lone Pine Capital LLC’s portfolio, making the stock its 9th biggest holding. Lone Pine Capital LLC’s holdings in Capital One Financial were worth $655,435,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in COF. WPG Advisers LLC purchased a new position in Capital One Financial in the first quarter valued at about $25,000. Moisand Fitzgerald Tamayo LLC grew its stake in shares of Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after buying an additional 62 shares in the last quarter. Olistico Wealth LLC grew its stake in shares of Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after buying an additional 101 shares in the last quarter. Saudi Central Bank acquired a new position in Capital One Financial during the 1st quarter worth approximately $27,000. Finally, RMG Wealth Management LLC purchased a new position in Capital One Financial in the 2nd quarter worth approximately $27,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Capital One Financial news, insider Celia Karam sold 2,936 shares of Capital One Financial stock in a transaction on Monday, December 1st. The shares were sold at an average price of $218.15, for a total value of $640,488.40. Following the completion of the transaction, the insider owned 63,433 shares of the company’s stock, valued at $13,837,908.95. The trade was a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Lia Dean sold 3,269 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $218.15, for a total transaction of $713,132.35. Following the sale, the insider owned 69,855 shares of the company’s stock, valued at approximately $15,238,868.25. The trade was a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 280,218 shares of company stock worth $62,395,804. 1.26% of the stock is currently owned by insiders.

Capital One Financial Trading Down 0.7%

NYSE COF opened at $237.71 on Friday. The company has a market capitalization of $151.12 billion, a price-to-earnings ratio of 100.30, a price-to-earnings-growth ratio of 0.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $243.31. The company’s fifty day moving average price is $217.78 and its two-hundred day moving average price is $214.93.

Capital One Financial (NYSE:COF) last issued its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.46 billion for the quarter. As a group, research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.3%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio (DPR) is 135.02%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on COF. Barclays lifted their price objective on shares of Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Citigroup raised their price target on shares of Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Robert W. Baird boosted their price objective on shares of Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Jefferies Financial Group raised their target price on Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Truist Financial lifted their target price on Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $262.70.

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.