Capital One Financial Corporation $COF Shares Bought by Junto Capital Management LP

Key Points

• Junto Capital Management LP increased its stake in Capital One Financial by 7.4%, holding a total of 853,359 shares, making it the firm's 4th largest position.
• Capital One Financial reported $5.48 earnings per share for the quarter, significantly exceeding expectations, along with a year-over-year revenue growth of 31.4% despite slightly missing revenue projections.
• The company announced a quarterly dividend of $0.60 per share, with an annualized yield of 1.1%, and a payout ratio currently sitting at 123.08%.

Junto Capital Management LP lifted its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 7.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 853,359 shares of the financial services provider's stock after purchasing an additional 58,814 shares during the quarter. Capital One Financial comprises about 3.2% of Junto Capital Management LP's investment portfolio, making the stock its 4th largest position. Junto Capital Management LP owned approximately 0.22% of Capital One Financial worth $153,007,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Diamond Hill Capital Management Inc. acquired a new position in Capital One Financial during the first quarter worth about $381,848,000. Bank of New York Mellon Corp boosted its stake in shares of Capital One Financial by 23.7% during the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock worth $889,519,000 after acquiring an additional 950,415 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Capital One Financial in the 1st quarter worth approximately $141,599,000. PointState Capital LP purchased a new position in Capital One Financial in the 4th quarter valued at approximately $139,997,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Capital One Financial by 31.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,222,533 shares of the financial services provider's stock worth $574,642,000 after purchasing an additional 765,292 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Insider Buying and Selling at Capital One Financial

In related news, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction that occurred on 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 sale, the insider directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares of the company's stock, valued at $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,298 shares of company stock worth $4,233,044 in the last 90 days. 1.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and upped their target price for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research report on Friday, August 1st. They set a "buy" rating and a $290.00 target price for the company. Keefe, Bruyette & Woods increased their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $238.81.

Capital One Financial Trading Down 1.7%

NYSE COF traded down $3.89 during mid-day trading on Tuesday, reaching $223.33. 3,470,726 shares of the stock were exchanged, compared to its average volume of 4,369,217. The stock has a market capitalization of $142.83 billion, a PE ratio of 114.53, a PEG ratio of 0.89 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a 1-year low of $131.55 and a 1-year high of $232.45. The business's fifty day simple moving average is $216.27 and its 200 day simple moving average is $195.10.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The company's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.14 EPS. On average, research analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is presently 123.08%.

About Capital One Financial

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.