140 Summer Partners LP Buys 32,381 Shares of Capital One Financial Corporation $COF

Key Points

• 140 Summer Partners LP raised its stake in Capital One by 6.5% in Q3, buying 32,381 shares to hold 530,879 shares (about $112.85M), making COF the fund's largest position at 9.8% of its portfolio.
• Insiders have been net sellers: over the last quarter insiders sold 67,933 shares valued at $14.36M (including Lia Dean and Jason P. Hanson), leaving insiders with just 1.26% ownership.
• Analysts maintain a consensus "Moderate Buy" on COF with an average price target of $274.70, while the company recently missed quarterly EPS ($3.86 vs. $4.14) despite revenue rising 53.3% year-over-year.

140 Summer Partners LP boosted its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 6.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 530,879 shares of the financial services provider's stock after acquiring an additional 32,381 shares during the quarter. Capital One Financial accounts for 9.8% of 140 Summer Partners LP's portfolio, making the stock its largest position. 140 Summer Partners LP owned approximately 0.08% of Capital One Financial worth $112,854,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after buying an additional 10,428 shares in the last quarter. Intech Investment Management LLC boosted its position in Capital One Financial by 44.3% during the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider's stock worth $1,608,000 after acquiring an additional 2,753 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Capital One Financial by 118.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider's stock worth $702,000 after acquiring an additional 1,788 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Capital One Financial by 69.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,599 shares of the financial services provider's stock worth $340,000 after acquiring an additional 654 shares in the last quarter. Finally, Good Life Advisors LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at approximately $216,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Lia Dean sold 3,284 shares of Capital One Financial stock in a transaction that occurred on 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 transaction, the insider directly owned 70,162 shares in the company, valued at approximately $15,693,836.16. The trade was a 4.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jason P. Hanson sold 3,729 shares of Capital One Financial stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total value of $764,445.00. Following the transaction, the insider owned 40,230 shares of the company's stock, valued at $8,247,150. This represents a 8.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 67,933 shares of company stock valued at $14,363,897. 1.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $237.00 to $256.00 and gave the stock a "neutral" rating in a research report on Monday, January 12th. Morgan Stanley lifted their price target on shares of Capital One Financial from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, January 20th. Truist Financial cut their price target on shares of Capital One Financial from $290.00 to $275.00 and set a "buy" rating on the stock in a research report on Monday, January 26th. Wall Street Zen downgraded shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. Finally, Jefferies Financial Group raised their price objective on Capital One Financial from $265.00 to $275.00 and gave the company a "buy" rating in a report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial presently has a consensus rating of "Moderate Buy" and an average price target of $274.70.

Capital One Financial Stock Performance

Shares of COF stock opened at $179.76 on Friday. The company has a fifty day moving average price of $215.61 and a two-hundred day moving average price of $220.86. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $259.64. The stock has a market cap of $111.80 billion, a P/E ratio of 60.73, a P/E/G ratio of 0.54 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The company's revenue was up 53.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.67 EPS. As a group, equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were issued a dividend of $0.80 per share. The ex-dividend date was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.8%. Capital One Financial's dividend payout ratio (DPR) 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.

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