May Hill Capital LLC Takes Position in Capital One Financial Corporation $COF

May Hill Capital LLC acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,470 shares of the financial services provider’s stock, valued at approximately $313,000.

Several other hedge funds have also recently made changes to their positions in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Capital One Financial by 82.6% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 107,188 shares of the financial services provider’s stock valued at $22,805,000 after purchasing an additional 48,479 shares during the last quarter. Advisory Alpha LLC raised its holdings in shares of Capital One Financial by 18.2% during the second quarter. Advisory Alpha LLC now owns 1,946 shares of the financial services provider’s stock valued at $414,000 after purchasing an additional 300 shares during the last quarter. SYM FINANCIAL Corp purchased a new position in shares of Capital One Financial during the second quarter valued at approximately $332,000. Lipe & Dalton purchased a new position in shares of Capital One Financial during the second quarter valued at approximately $314,000. Finally, AustralianSuper Pty Ltd raised its holdings in shares of Capital One Financial by 16.8% during the second quarter. AustralianSuper Pty Ltd now owns 844,393 shares of the financial services provider’s stock valued at $179,653,000 after purchasing an additional 121,429 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $223.59 on Tuesday. The firm has a fifty day moving average price of $219.53 and a 200-day moving average price of $206.17. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $142.99 billion, a PE ratio of 94.34, a price-to-earnings-growth ratio of 0.75 and a beta of 1.18. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $1.70. The firm had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $15.06 billion. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same period in the prior year, the company posted $4.51 earnings per share. Equities analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Insider Transactions at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the sale, the insider directly owned 27,364 shares of the company’s stock, valued at $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Timothy P. Golden sold 207 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares of the company’s stock, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,184 shares of company stock valued at $2,799,248 over the last three months. Corporate insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Capital One Financial from $224.00 to $240.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Citigroup upped their target price on shares of Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a report on Thursday. Robert W. Baird upped their target price on shares of Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. TD Cowen upped their target price on shares of Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a report on Monday, October 6th. Finally, Barclays upped their target price on shares of Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Capital One Financial Company 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.