Capital One Financial Corporation $COF Shares Purchased by Fernbridge Capital Management LP

Key Points

• Fernbridge Capital Management increased its stake in Capital One by 13.8% during Q3 to 205,687 shares (worth about $43.7 million), making COF its 14th-largest holding and 2.1% of its portfolio.
• Capital One missed EPS ($3.86 vs. $4.14 consensus) while revenue rose 53.3% year-over-year; the stock trades at a high P/E (~60.7) with a $111.8 billion market cap and pays a $0.80 quarterly dividend (1.8% yield) with a payout ratio of ~108%.
• Insider selling has been notable (Neal Blinde sold 38,135 shares; 67,933 shares sold in the last 90 days) even as institutional ownership is ~89.8%, and analysts have a "Moderate Buy" consensus with a $274.70 target price.

Fernbridge Capital Management LP grew its stake in shares of Capital One Financial Corporation (NYSE:COF) by 13.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,687 shares of the financial services provider's stock after buying an additional 24,905 shares during the quarter. Capital One Financial comprises 2.1% of Fernbridge Capital Management LP's holdings, making the stock its 14th biggest position. Fernbridge Capital Management LP's holdings in Capital One Financial were worth $43,725,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Howard Hughes Medical Institute acquired a new position in shares of Capital One Financial during the second quarter valued at approximately $29,000. WFA of San Diego LLC acquired a new stake in Capital One Financial in the second quarter worth approximately $32,000. Crowley Wealth Management Inc. bought a new position in Capital One Financial during the 3rd quarter valued at $33,000. Wolff Wiese Magana LLC boosted its stake in Capital One Financial by 41.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 195 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 57 shares in the last quarter. Finally, Bell Investment Advisors Inc increased its position in shares of Capital One Financial by 86.9% during the 2nd quarter. Bell Investment Advisors Inc now owns 200 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 93 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Stock Performance

COF opened at $179.76 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. The firm has a market cap of $111.80 billion, a PE ratio of 60.73, a P/E/G ratio of 0.53 and a beta of 1.14. The business has a fifty day simple moving average of $215.61 and a 200-day simple moving average of $220.89. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.During the same period last year, the business earned $2.67 EPS. The firm's revenue was up 53.3% compared to the same quarter last year. As a group, equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.8%. The ex-dividend date was Thursday, February 19th. Capital One Financial's payout ratio is presently 108.11%.

Insider Activity at Capital One Financial

In other news, insider Neal Blinde sold 38,135 shares of Capital One Financial stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $190.51, for a total value of $7,265,098.85. Following the transaction, the insider directly owned 33,551 shares of the company's stock, valued at $6,391,801.01. This trade represents a 53.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jason P. Hanson sold 3,729 shares of the business's stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total transaction of $764,445.00. Following the sale, the insider owned 40,230 shares in the company, valued at $8,247,150. This represents a 8.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 67,933 shares of company stock valued at $14,363,897. Corporate insiders own 1.26% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Citigroup boosted their price objective on Capital One Financial from $290.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, December 31st. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $275.00 target price on shares of Capital One Financial in a report on Monday, January 12th. Wells Fargo & Company boosted their price target on shares of Capital One Financial from $265.00 to $280.00 and gave the stock an "overweight" rating in a research report on Monday, January 5th. BTIG Research cut their price target on shares of Capital One Financial from $308.00 to $270.00 and set a "buy" rating for the company in a report on Friday, January 23rd. Finally, Wolfe Research reduced their price objective on shares of Capital One Financial from $294.00 to $280.00 and set an "outperform" rating for the company in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $274.70.

Capital One Financial Profile

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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