Southpoint Capital Advisors LP Grows Position in Capital One Financial Co. (NYSE:COF)

Southpoint Capital Advisors LP increased its position in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 85.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,300,000 shares of the financial services provider's stock after acquiring an additional 600,000 shares during the quarter. Capital One Financial comprises about 5.4% of Southpoint Capital Advisors LP's investment portfolio, making the stock its 2nd largest position. Southpoint Capital Advisors LP owned approximately 0.34% of Capital One Financial worth $231,816,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Capital One Financial by 4.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider's stock valued at $8,234,000 after acquiring an additional 2,006 shares during the period. Geode Capital Management LLC increased its holdings in Capital One Financial by 2.6% in the fourth 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 purchasing an additional 207,427 shares during the last quarter. Westbourne Investments Inc. bought a new stake in Capital One Financial in the fourth quarter valued at about $410,000. Artemis Investment Management LLP bought a new stake in Capital One Financial in the fourth quarter valued at about $46,915,000. Finally, Lone Pine Capital LLC bought a new stake in Capital One Financial in the fourth quarter valued at about $577,012,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Insider Activity

In other news, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $198.70, for a total value 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. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the transaction, the insider now directly owns 20,089 shares in the company, valued at $4,005,746.60. The trade was a 32.24% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Capital One Financial Stock Down 2.1%

Shares of NYSE:COF traded down $3.89 during mid-day trading on Friday, reaching $184.67. 6,574,950 shares of the stock were exchanged, compared to its average volume of 3,429,339. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market cap of $70.75 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.19 and a beta of 1.13. Capital One Financial Co. has a one year low of $128.23 and a one year high of $210.67. The stock's 50 day simple moving average is $177.91 and its 200-day simple moving average is $184.58.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data 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 return on equity of 9.45% and a net margin of 9.46%. The company had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.07 billion. As a group, equities research analysts predict that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, May 23rd. Capital One Financial's dividend payout ratio is currently 20.15%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Truist Financial upped their price objective on Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a report on Friday, April 25th. JPMorgan Chase & Co. dropped their price objective on Capital One Financial from $198.00 to $170.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Citigroup dropped their price objective on Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a report on Monday, March 24th. Evercore ISI upgraded Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price objective for the company in a report on Wednesday, March 12th. 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 investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and a consensus price target of $207.60.

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.