Capital One Financial Corporation $COF Shares Acquired by Empowered Funds LLC

Empowered Funds LLC increased its stake in Capital One Financial Corporation (NYSE:COF) by 250.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,552 shares of the financial services provider’s stock after purchasing an additional 74,026 shares during the quarter. Empowered Funds LLC’s holdings in Capital One Financial were worth $18,891,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Capital One Financial during the fourth quarter worth about $2,089,803,000. Viking Global Investors LP increased its holdings in Capital One Financial by 30.3% in the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock valued at $1,570,649,000 after buying an additional 1,717,148 shares in the last quarter. Bessemer Group Inc. increased its holdings in Capital One Financial by 7,143.2% in the fourth quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock valued at $350,966,000 after buying an additional 1,428,133 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Capital One Financial by 64.9% during the 4th quarter. AQR Capital Management LLC now owns 3,366,692 shares of the financial services provider’s stock valued at $815,951,000 after acquiring an additional 1,324,845 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of Capital One Financial by 61.8% during the 2nd quarter. Alliancebernstein L.P. now owns 1,969,661 shares of the financial services provider’s stock valued at $419,065,000 after acquiring an additional 752,461 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Price Performance

COF stock opened at $212.31 on Wednesday. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s 50 day moving average price is $196.38 and its 200 day moving average price is $199.56. The firm has a market cap of $132.12 billion, a P/E ratio of 13.14, a PEG ratio of 0.77 and a beta of 1.02.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. The firm had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.Capital One Financial’s quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.48 EPS. On average, sell-side analysts expect that Capital One Financial Corporation will post 20.13 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, May 19th. 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 presently 19.80%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on COF shares. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $226.00 to $229.00 in a report on Sunday, July 12th. Rothschild & Co Redburn reduced their price objective on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. The Goldman Sachs Group decreased their target price on Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft lowered their target price on Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Finally, Argus dropped their price target on Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Twenty investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $259.14.

Insiders Place Their Bets

In related news, insider Celia Karam sold 1,749 shares of Capital One Financial stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the completion of the sale, the insider owned 61,579 shares in the company, valued at approximately $11,858,883.82. This trade represents a 2.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the sale, the general counsel owned 90,194 shares of the company’s stock, valued at approximately $18,760,352. This represents a 3.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 8,749 shares of company stock worth $1,708,577. Corporate insiders own 0.78% of the company’s stock.

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.