Capital One Financial Co. (NYSE:COF) Shares Acquired by Southpoint Capital Advisors LP

Southpoint Capital Advisors LP increased its stake in shares of Capital One Financial Co. (NYSE:COF) by 85.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,300,000 shares of the financial services provider’s stock after purchasing an additional 600,000 shares during the quarter. Capital One Financial makes up about 5.4% of Southpoint Capital Advisors LP’s portfolio, making the stock its 2nd largest holding. Southpoint Capital Advisors LP owned about 0.34% of Capital One Financial worth $231,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Capital One Financial by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider’s stock valued at $5,660,736,000 after acquiring an additional 234,863 shares during the period. Franklin Resources Inc. lifted its holdings in Capital One Financial by 3.2% in the fourth quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider’s stock valued at $1,911,387,000 after buying an additional 331,595 shares during the period. Geode Capital Management LLC lifted its holdings in Capital One Financial by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider’s stock valued at $1,467,393,000 after buying an additional 207,427 shares during the period. FMR LLC lifted its holdings in Capital One Financial by 21.6% in the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock valued at $1,440,449,000 after buying an additional 1,436,935 shares during the period. Finally, Northern Trust Corp lifted its holdings in Capital One Financial by 21.8% in the fourth quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider’s stock valued at $790,564,000 after buying an additional 793,765 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COF has been the topic of several research reports. Robert W. Baird upgraded shares of Capital One Financial from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $190.00 to $200.00 in a report on Tuesday, March 11th. Citigroup dropped their price objective on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Argus raised shares of Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Baird R W raised shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company boosted their target price on shares of Capital One Financial from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $207.73.

Insider Buying and Selling at Capital One Financial

In related news, insider Michael Zamsky sold 9,560 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the transaction, the insider now directly owns 20,089 shares of the company’s stock, valued at approximately $4,005,746.60. This trade represents a 32.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the transaction, the director now directly owns 56,244 shares of the company’s stock, valued at approximately $11,175,682.80. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Trading Up 0.0%

Shares of COF stock opened at $197.54 on Monday. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $210.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The company has a 50-day simple moving average of $175.69 and a two-hundred day simple moving average of $183.94. The company has a market capitalization of $75.68 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.19 and a beta of 1.13.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.31. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.07 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. Research analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Friday, May 23rd. Capital One Financial’s payout ratio is 20.15%.

Capital One Financial Profile

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.