Capital One Financial Corporation $COF Shares Bought by Brave Warrior Advisors LLC

Key Points

• Brave Warrior Advisors LLC significantly increased its stake in Capital One Financial by over 42,000%, now owning 631,553 shares valued at approximately $113.2 million.
• Capital One reported a quarterly earnings per share (EPS) of $5.48, exceeding estimates by $3.55, while also announcing a $0.60 quarterly dividend to be paid in September.
• The stock has an average price target of $238.81 with recent analyst ratings ranging from "buy" to "hold" following various upgrades on its price objectives.

Brave Warrior Advisors LLC raised its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 42,003.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 631,553 shares of the financial services provider's stock after acquiring an additional 630,053 shares during the quarter. Capital One Financial makes up 2.6% of Brave Warrior Advisors LLC's portfolio, making the stock its 16th biggest holding. Brave Warrior Advisors LLC owned approximately 0.16% of Capital One Financial worth $113,237,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Capital One Financial by 1.6% during the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider's stock worth $5,782,590,000 after buying an additional 506,105 shares during the period. Bank of New York Mellon Corp lifted its position in Capital One Financial by 23.7% during the first 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 buying an additional 950,415 shares during the period. Goldman Sachs Group Inc. lifted its position in Capital One Financial by 18.2% during the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock worth $854,647,000 after buying an additional 734,939 shares during the period. Invesco Ltd. lifted its position in Capital One Financial by 13.3% during the first quarter. Invesco Ltd. now owns 4,665,496 shares of the financial services provider's stock worth $836,523,000 after buying an additional 548,052 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position 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 buying an additional 765,292 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

COF stock opened at $227.43 on Monday. 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 firm has a market cap of $145.44 billion, a P/E ratio of 116.63, a price-to-earnings-growth ratio of 0.89 and a beta of 1.17. The stock has a 50-day simple moving average of $215.76 and a 200-day simple moving average of $194.93.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. Capital One Financial's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.14 EPS. On average, equities analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a $0.60 dividend. The ex-dividend date is 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 presently 123.08%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on COF shares. Rothschild & Co Redburn started coverage on Capital One Financial in a report on Friday, August 1st. They issued a "buy" rating and a $290.00 price objective on the stock. Truist Financial raised their price objective on Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, July 28th. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Barclays restated an "overweight" rating and issued a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Finally, Wall Street Zen downgraded Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $238.81.

Insider Transactions at Capital One Financial

In other news, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the completion of the transaction, the chief accounting officer owned 8,987 shares in the company, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the firm'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 value of $1,155,888.85. Following the completion of the sale, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,298 shares of company stock worth $4,233,044. 1.26% of the stock is currently owned by corporate insiders.

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.

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