3Chopt Investment Partners LLC Takes Position in Capital One Financial Corporation (NYSE:COF)

3Chopt Investment Partners LLC bought a new stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,021 shares of the financial services provider's stock, valued at approximately $1,617,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ purchased a new stake in Capital One Financial during the 4th quarter valued at $91,780,000. Janney Montgomery Scott LLC raised its holdings in Capital One Financial by 9.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 98,617 shares of the financial services provider's stock valued at $17,682,000 after buying an additional 8,651 shares during the period. Geode Capital Management LLC raised its holdings in Capital One Financial by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock valued at $1,467,393,000 after buying an additional 207,427 shares during the period. Westbourne Investments Inc. purchased a new stake in Capital One Financial during the 4th quarter valued at $410,000. Finally, Lone Pine Capital LLC purchased a new stake in Capital One Financial during the 4th quarter valued at $577,012,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $211.17 on Friday. The firm has a market cap of $80.91 billion, a P/E ratio of 17.73, a P/E/G ratio of 0.92 and a beta of 1.13. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65. Capital One Financial Corporation has a 12 month low of $128.23 and a 12 month high of $212.82. The stock's fifty day moving average price is $192.21 and its 200-day moving average price is $186.41.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.75 by $0.31. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. On average, equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.60 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 1.14%. Capital One Financial's dividend payout ratio is currently 20.15%.

Analyst Ratings Changes

Several analysts recently weighed in on COF shares. Barclays restated an "overweight" rating and set a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Evercore ISI upgraded Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price target on the stock in a report on Wednesday, March 12th. Truist Financial increased their target price on Capital One Financial from $215.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Bank of America increased their target price on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. increased their target price on Capital One Financial from $183.00 to $210.00 and gave the stock a "neutral" rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $215.86.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 9,560 shares of the firm's stock in a transaction dated 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 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 firm's 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 sale, the director now directly owns 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Profile

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.

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