Point72 Asset Management L.P. Decreases Stake in Capital One Financial Co. (NYSE:COF)

Point72 Asset Management L.P. cut its holdings in Capital One Financial Co. (NYSE:COF - Free Report) by 37.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 381,730 shares of the financial services provider's stock after selling 230,417 shares during the period. Point72 Asset Management L.P. owned 0.10% of Capital One Financial worth $68,070,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Point72 Europe London LLP acquired a new position in Capital One Financial in the 4th quarter valued at about $4,012,000. Point72 Hong Kong Ltd purchased a new position in shares of Capital One Financial in the fourth quarter valued at approximately $2,535,000. PointState Capital LP acquired a new position in shares of Capital One Financial in the fourth quarter valued at approximately $139,997,000. Prana Capital Management LP purchased a new stake in Capital One Financial during the 4th quarter worth approximately $22,000,000. Finally, ProShare Advisors LLC lifted its holdings in Capital One Financial by 7.0% during the 4th quarter. ProShare Advisors LLC now owns 86,346 shares of the financial services provider's stock worth $15,397,000 after buying an additional 5,686 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Truist Financial lifted their target price on Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a report on Friday, April 25th. Citigroup decreased their price objective on Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Baird R W upgraded shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Bank of America raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and raised their target price for the company from $207.00 to $235.00 in a report on Wednesday, February 19th. Finally, Barclays boosted their price target on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.73.

Insider Transactions at Capital One Financial

In related news, insider Michael Zamsky sold 9,560 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the sale, the insider now directly owns 20,089 shares of the company's stock, valued at $4,005,746.60. This trade represents a 32.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the transaction, the director now owns 56,244 shares of the company's stock, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Capital One Financial Stock Performance

Shares of Capital One Financial stock traded up $0.14 on Monday, hitting $197.36. The stock had a trading volume of 6,046,582 shares, compared to its average volume of 3,370,463. The company's 50 day moving average price is $175.69 and its 200 day moving average price is $183.94. The stock has a market cap of $75.62 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 1.19 and a beta of 1.13. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $210.67.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. On average, research analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.22%. Capital One Financial's payout ratio is 20.15%.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.