Senator Investment Group LP Buys Shares of 233,129 Capital One Financial Corporation $COF

Senator Investment Group LP purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 233,129 shares of the financial services provider’s stock, valued at approximately $46,770,000. Capital One Financial makes up approximately 1.7% of Senator Investment Group LP’s investment portfolio, making the stock its 24th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Capital One Financial by 0.5% in the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock valued at $10,242,628,000 after purchasing an additional 236,643 shares in the last quarter. Franklin Resources Inc. boosted its position 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 valued at $3,023,795,000 after buying an additional 638,158 shares during the period. Morgan Stanley boosted its position 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 valued at $2,103,196,000 after buying an additional 323,350 shares during the period. Norges Bank purchased a new stake in shares of Capital One Financial during the fourth quarter worth $2,089,803,000. Finally, Viking Global Investors LP increased its position in shares of Capital One Financial by 30.3% during the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after acquiring an additional 1,717,148 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In related news, insider Lia Dean sold 2,193 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $494,565.36. Following the completion of the transaction, the insider directly owned 63,261 shares of the company’s stock, valued at $14,266,620.72. This represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the completion of the transaction, the insider owned 26,328 shares in the company, valued at $5,523,087.84. This represents a 26.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 26,267 shares of company stock worth $5,617,648. 0.78% of the stock is currently owned by company insiders.

Capital One Financial Price Performance

Capital One Financial stock opened at $215.81 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $210.32 and a 200-day simple moving average of $197.82. The stock has a market cap of $132.40 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 0.79 and a beta of 1.02. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. During the same quarter in the prior year, the company posted $5.48 earnings per share. Capital One Financial’s revenue for the quarter was up 26.9% compared to the same quarter last year. Equities analysts expect that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a $0.80 dividend. The ex-dividend date is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio is presently 19.80%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Citigroup cut their price target on Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Barclays reduced their price target on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Capital One Financial in a research note on Thursday, August 20th. Finally, Weiss Ratings raised Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Twenty-one analysts have rated the stock with a Buy rating and three have issued 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 $258.91.

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.