139,943 Shares in Capital One Financial Corporation $COF Acquired by Blue Whale Capital LLP

Blue Whale Capital LLP bought a new position in Capital One Financial Corporation (NYSE:COF) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 139,943 shares of the financial services provider’s stock, valued at approximately $29,749,000. Capital One Financial makes up approximately 1.6% of Blue Whale Capital LLP’s investment portfolio, making the stock its 20th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cortland Associates Inc. MO bought a new stake in Capital One Financial during the 3rd quarter valued at $14,391,000. CIBC Asset Management Inc grew its holdings in shares of Capital One Financial by 53.9% during the second quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock valued at $18,830,000 after buying an additional 30,991 shares during the last quarter. Meridian Wealth Management LLC increased its position in shares of Capital One Financial by 334.8% during the third quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock worth $1,999,000 after acquiring an additional 7,241 shares in the last quarter. Montecito Bank & Trust acquired a new stake in shares of Capital One Financial in the 3rd quarter worth about $647,000. Finally, National Pension Service raised its holdings in shares of Capital One Financial by 4.0% in the 3rd quarter. National Pension Service now owns 1,552,736 shares of the financial services provider’s stock worth $330,081,000 after acquiring an additional 59,100 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Insider Activity at Capital One Financial

In related news, insider Jason P. Hanson sold 3,729 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total transaction of $764,445.00. Following the completion of the sale, the insider owned 40,230 shares in the company, valued at approximately $8,247,150. This trade represents a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lia Dean sold 3,284 shares of Capital One Financial stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total transaction of $734,565.12. Following the completion of the sale, the insider directly owned 70,162 shares in the company, valued at approximately $15,693,836.16. This represents a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 67,933 shares of company stock valued at $14,363,897 in the last 90 days. 1.26% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on COF. TD Cowen reiterated a “buy” rating on shares of Capital One Financial in a research note on Thursday, January 8th. Keefe, Bruyette & Woods raised their target price on Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Friday, January 2nd. Wells Fargo & Company lifted their target price on Capital One Financial from $265.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Morgan Stanley upped their price target on Capital One Financial from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Finally, Zacks Research lowered Capital One Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $274.70.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $184.93 on Wednesday. The business’s fifty day simple moving average is $219.49 and its 200 day simple moving average is $221.76. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $259.64. The firm has a market capitalization of $115.01 billion, a P/E ratio of 62.47, a price-to-earnings-growth ratio of 0.56 and a beta of 1.14.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. During the same period in the prior year, the company posted $2.67 earnings per share. The business’s quarterly revenue was up 53.3% compared to the same quarter last year. As a group, analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were given a dividend of $0.80 per share. The ex-dividend date was Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.7%. Capital One Financial’s dividend payout ratio is presently 108.11%.

Capital One Financial 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.