Suvretta Capital Management LLC Boosts Stake in Capital One Financial Co. (NYSE:COF)

Suvretta Capital Management LLC raised its position in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,642 shares of the financial services provider's stock after acquiring an additional 16,042 shares during the quarter. Capital One Financial makes up about 1.5% of Suvretta Capital Management LLC's holdings, making the stock its 19th largest holding. Suvretta Capital Management LLC owned 0.07% of Capital One Financial worth $44,873,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in COF. Bfsg LLC acquired a new stake in shares of Capital One Financial in the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Capital One Financial during the 4th quarter valued at about $27,000. TruNorth Capital Management LLC acquired a new stake in Capital One Financial in the 4th quarter valued at about $29,000. Decker Retirement Planning Inc. acquired a new stake in Capital One Financial in the 4th quarter valued at about $32,000. Finally, SBI Securities Co. Ltd. purchased a new position in Capital One Financial in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Buying and Selling

In other news, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the transaction, the director now owns 56,244 shares in the company, valued at approximately $11,175,682.80. This trade represents a 2.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 20,089 shares in the company, valued at $4,005,746.60. The trade was a 32.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Capital One Financial Trading Down 0.8%

Shares of NYSE COF traded down $1.51 during trading on Tuesday, reaching $195.90. The stock had a trading volume of 5,236,035 shares, compared to its average volume of 3,386,064. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $75.06 billion, a P/E ratio of 16.90, a PEG ratio of 1.19 and a beta of 1.13. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The business's 50-day moving average price is $176.22 and its 200-day moving average price is $184.17.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.31. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. On average, equities research analysts predict that Capital One Financial Co. 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 Thursday, June 5th. Investors of record on Friday, May 23rd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Friday, May 23rd. Capital One Financial's payout ratio is currently 20.15%.

Analyst Ratings Changes

COF has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Barclays lifted their target price on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. dropped their price target on shares of Capital One Financial from $198.00 to $170.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Citigroup cut their price target on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a report on Monday, March 24th. Finally, Royal Bank of Canada set a $190.00 price objective on Capital One Financial and gave the company a "sector perform" rating in a report on Monday, April 14th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and a consensus price target of $207.73.

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.