Bornite Capital Management LP Purchases Shares of 100,000 Capital One Financial Corporation $COF

Bornite Capital Management LP bought a new stake in Capital One Financial Corporation (NYSE:COF) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 100,000 shares of the financial services provider’s stock, valued at approximately $21,258,000. Capital One Financial comprises 2.0% of Bornite Capital Management LP’s investment portfolio, making the stock its 23rd biggest position.

Other institutional investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in Capital One Financial in the 2nd quarter worth about $28,000. Solstein Capital LLC acquired a new stake in Capital One Financial during the second quarter worth approximately $28,000. Roble Belko & Company Inc bought a new position in Capital One Financial during the 2nd quarter worth $28,000. Howard Hughes Medical Institute acquired a new position in Capital One Financial in the 2nd quarter valued at $29,000. Finally, Washington Trust Advisors Inc. lifted its position in shares of Capital One Financial by 113.4% during the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 76 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Celia Karam sold 2,108 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $218.25, for a total value of $460,071.00. Following the completion of the sale, the insider owned 59,269 shares in the company, valued at approximately $12,935,459.25. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total transaction of $500,000.00. Following the completion of the transaction, the general counsel directly owned 92,486 shares in the company, valued at approximately $23,121,500. The trade was a 2.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 34,274 shares of company stock valued at $8,131,054. Corporate insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. BTIG Research cut their price objective on shares of Capital One Financial from $308.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. Evercore dropped their target price on shares of Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a report on Tuesday, January 27th. TD Cowen reiterated a “buy” rating on shares of Capital One Financial in a research report on Thursday, January 8th. Wall Street Zen cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $300.00 target price on shares of Capital One Financial in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $274.70.

Capital One Financial Price Performance

COF stock opened at $210.23 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. The business has a 50-day simple moving average of $232.85 and a two-hundred day simple moving average of $223.46. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $259.64. The company has a market capitalization of $133.65 billion, a P/E ratio of 71.03, a price-to-earnings-growth ratio of 0.61 and a beta of 1.14.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). The company had revenue of $15.62 billion during the quarter, compared to analysts’ expectations of $15.49 billion. Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.Capital One Financial’s quarterly revenue was up 53.3% compared to the same quarter last year. During the same period last year, the firm posted $2.67 earnings per share. Research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 19th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is currently 108.11%.

Capital One Financial Company Profile

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.