Capital One Financial Corporation $COF Shares Sold by Southpoint Capital Advisors LP

Key Points

• Southpoint Capital Advisors LP has reduced its stake in Capital One Financial by 11.5%, currently holding approximately 1,150,000 shares worth about $206 million.
• Capital One Financial's stock has received multiple upgrades from analysts, with Barclays raising its price target from $212 to $253 and Citigroup increasing theirs from $250 to $275.
• The company recently announced a $0.60 quarterly dividend to be paid on September 2nd, contributing to an annual dividend yield of 1.1% despite a payout ratio exceeding 123%.

Southpoint Capital Advisors LP decreased its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 11.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,150,000 shares of the financial services provider's stock after selling 150,000 shares during the quarter. Capital One Financial comprises about 4.9% of Southpoint Capital Advisors LP's investment portfolio, making the stock its 5th biggest position. Southpoint Capital Advisors LP owned about 0.30% of Capital One Financial worth $206,195,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on COF shares. 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. Citigroup increased their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Wall Street Zen downgraded shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. 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 research report on Tuesday, July 8th. Finally, Royal Bank Of Canada raised their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Three 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $238.81.

Insider Activity

In other news, insider Michael Zamsky sold 5,515 shares of the business'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. The trade was a 16.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,298 shares of company stock worth $4,233,044. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Price Performance

COF opened at $227.43 on Tuesday. Capital One Financial Corporation has a twelve month low of $131.55 and a twelve month high of $232.45. The firm has a market cap of $145.44 billion, a price-to-earnings ratio of 116.63, a PEG ratio of 0.89 and a beta of 1.17. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $216.27 and a 200 day simple moving average of $195.10.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) 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. During the same period in the previous year, the firm posted $3.14 earnings per share. The firm's revenue was up 31.4% compared to the same quarter last year. Equities research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business 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 of this dividend is Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial's payout ratio is presently 123.08%.

Capital One Financial 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.

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