Southpoint Capital Advisors LP Purchases 600,000 Shares of 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% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 5.4% of Southpoint Capital Advisors LP's holdings, making the stock its 2nd biggest position. Southpoint Capital Advisors LP owned 0.34% of Capital One Financial worth $231,816,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Bfsg LLC acquired a new position in Capital One Financial during the 4th quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Capital One Financial during the fourth quarter valued at $27,000. TruNorth Capital Management LLC acquired a new stake in Capital One Financial during the fourth quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new position in Capital One Financial during the fourth quarter valued at $32,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Capital One Financial during the fourth quarter valued at $41,000. Institutional investors own 89.84% of the company's stock.

Insider Transactions at Capital One Financial

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

Analysts Set New Price Targets

Several equities analysts have issued reports on COF shares. Robert W. Baird raised shares of Capital One Financial from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $190.00 to $200.00 in a report on Tuesday, March 11th. JPMorgan Chase & Co. reduced their target price on shares of Capital One Financial from $198.00 to $170.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Argus upgraded shares of Capital One Financial to a "strong-buy" rating in a research report on Thursday, January 23rd. Evercore ISI upgraded shares of Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price target for the company in a research report on Wednesday, March 12th. Finally, Truist Financial lifted their price target on shares of Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Four equities research 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 has an average rating of "Moderate Buy" and an average target price of $207.60.

Capital One Financial Stock Up 0.7%

Shares of NYSE:COF traded up $1.37 during trading on Thursday, hitting $188.30. 4,767,376 shares of the company were exchanged, compared to its average volume of 3,414,168. The stock has a market capitalization of $72.14 billion, a P/E ratio of 16.25, a PEG ratio of 1.19 and a beta of 1.13. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67. The firm's 50 day moving average price is $177.12 and its 200-day moving average price is $184.27.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.31. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. On average, research analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal 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 given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 1.27%. Capital One Financial's dividend payout ratio is presently 20.15%.

Capital One Financial Company 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.