854,060 Shares in Capital One Financial Corporation $COF Purchased by PointState Capital LP

PointState Capital LP purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 854,060 shares of the financial services provider’s stock, valued at approximately $171,342,000. Capital One Financial comprises about 2.2% of PointState Capital LP’s investment portfolio, making the stock its 13th largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. Ausdal Financial Partners Inc. bought a new position in shares of Capital One Financial during the second quarter valued at approximately $867,000. Bamco Inc. NY bought a new stake in shares of Capital One Financial during the 2nd quarter worth approximately $1,187,000. Bank of America Corp DE bought a new stake in shares of Capital One Financial during the 2nd quarter worth approximately $1,435,311,000. Basswood Capital Management L.L.C. purchased a new position in Capital One Financial during the 2nd quarter valued at $51,754,000. Finally, Berkshire Hathaway Inc purchased a new position in Capital One Financial during the 2nd quarter valued at $601,860,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

COF stock opened at $217.55 on Thursday. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The business has a 50-day moving average price of $209.74 and a 200 day moving average price of $197.92. The company has a market capitalization of $133.46 billion, a P/E ratio of 13.46, a PEG ratio of 0.79 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.79 by $1.02. The company had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm’s quarterly revenue was up 26.9% on a year-over-year basis. During the same period in the prior year, the business earned $5.48 EPS. As a group, equities research analysts forecast 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 paid a dividend of $0.80 per share. 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 (DPR) is currently 19.80%.

Analyst Upgrades and Downgrades

Several brokerages have commented on COF. BTIG Research upped their price objective on Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. HSBC raised shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their target price for the company from $226.00 to $229.00 in a research note on Sunday, July 12th. Citigroup cut their price target on shares of Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Wolfe Research raised their price target on shares of Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, UBS Group lifted their price objective on shares of Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Twenty-one equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $258.91.

Insider Activity

In related news, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the transaction, the insider directly owned 27,992 shares of the company’s stock, valued at $6,102,815.84. This trade represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Lia Dean sold 2,193 shares of the business’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 transaction 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 trade represents a 3.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 26,267 shares of company stock valued at $5,617,648. 0.78% of the stock is currently owned by corporate insiders.

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.