Capital One Financial Corporation $COF Stock Position Lifted by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its holdings in Capital One Financial by 17.7% during the first quarter, now owning 1,076,166 shares worth approximately $187 million.
• Capital One reported earnings of $5.48 per share for the last quarter, significantly outperforming analyst estimates of $1.93, and its revenue rose by 31.4% year-over-year.
• The company declared a quarterly dividend of $0.60 per share, representing a yield of 1.1%, and has a payout ratio of 123.08%.

AQR Capital Management LLC increased its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 17.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,076,166 shares of the financial services provider's stock after buying an additional 161,828 shares during the period. AQR Capital Management LLC owned about 0.28% of Capital One Financial worth $187,942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of COF. WPG Advisers LLC acquired a new position in Capital One Financial during the first quarter worth approximately $25,000. Saudi Central Bank purchased a new position in shares of Capital One Financial in the first quarter valued at $27,000. Beacon Capital Management LLC boosted its stake in shares of Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 97 shares during the period. Bogart Wealth LLC boosted its stake in shares of Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 243 shares during the period. Finally, Motco boosted its stake in Capital One Financial by 115.1% during the 1st quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Activity

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the transaction, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Timothy P. Golden sold 3,462 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer owned 8,987 shares of the company's stock, valued at approximately $1,889,786.36. The trade was a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,298 shares of company stock valued at $4,679,844. Corporate insiders own 1.26% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Truist Financial increased their price objective on shares of Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Keefe, Bruyette & Woods raised their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Bank of America raised their price target on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and increased their price objective for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $238.81.

Capital One Financial Price Performance

Capital One Financial stock traded down $1.59 during trading hours on Monday, hitting $219.94. 3,803,893 shares of the company traded hands, compared to its average volume of 4,344,585. The firm has a market cap of $140.66 billion, a P/E ratio of 112.79, a P/E/G ratio of 0.87 and a beta of 1.17. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm's 50-day simple moving average is $217.39 and its two-hundred day simple moving average is $195.60. Capital One Financial Corporation has a 1-year low of $131.55 and a 1-year high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. The firm's quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.14 EPS. As a group, analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is 123.08%.

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.