Capital One Financial Corporation (NYSE:COF) Stock Position Lifted by Picton Mahoney Asset Management

Key Points

• Picton Mahoney Asset Management significantly increased its stake in Capital One Financial by 9,602.0%, ending the quarter with 48,510 shares valued at approximately $8.7 million.
• Capital One recently reported a quarterly earnings per share of $5.48, surpassing analysts’ expectations of $1.93, and achieved a 31.4% year-over-year revenue growth.
• Several brokerages have raised their price targets for Capital One Financial, with Barclays increasing their objective to $253.00 and TD Cowen upgrading their rating to "buy" with a price target of $258.00.

Picton Mahoney Asset Management lifted its holdings in Capital One Financial Corporation (NYSE:COF) by 9,602.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,510 shares of the financial services provider's stock after purchasing an additional 48,010 shares during the quarter. Picton Mahoney Asset Management's holdings in Capital One Financial were worth $8,699,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of COF. Brighton Jones LLC grew its stake in shares of Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after purchasing an additional 10,428 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of Capital One Financial in the fourth quarter worth $296,000. Loomis Sayles & Co. L P bought a new position in shares of Capital One Financial in the fourth quarter worth $67,000. Pictet Asset Management Holding SA grew its stake in shares of Capital One Financial by 12.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 227,943 shares of the financial services provider's stock worth $40,647,000 after purchasing an additional 25,097 shares in the last quarter. Finally, Orion Portfolio Solutions LLC grew its stake in shares of Capital One Financial by 5.5% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,442 shares of the financial services provider's stock worth $2,932,000 after purchasing an additional 858 shares in the last quarter. Institutional investors own 89.84% of the company's stock.

Insider Activity at Capital One Financial

In related news, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the transaction, the insider directly owned 20,089 shares in the company, valued at $4,005,746.60. The trade was a 32.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,332 shares of company stock valued at $4,540,285. Company insiders own 1.26% of the company's stock.

Capital One Financial Stock Up 0.6%

NYSE:COF opened at $214.10 on Tuesday. The firm has a market capitalization of $82.03 billion, a price-to-earnings ratio of 109.80, a PEG ratio of 0.85 and a beta of 1.15. Capital One Financial Corporation has a 1-year low of $128.23 and a 1-year high of $232.45. 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 business's fifty day moving average price is $205.00 and its 200 day moving average price is $191.90.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating the consensus estimate 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. The firm's quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.14 earnings per share. On average, sell-side 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 declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.12%. The ex-dividend date was Friday, May 23rd. Capital One Financial's payout ratio is 123.08%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on COF. Barclays restated an "overweight" rating and issued a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and upped their price objective for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Keefe, Bruyette & Woods upped their price objective on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Wells Fargo & Company upped their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a report on Friday. Finally, Royal Bank Of Canada upped their price objective on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $235.40.

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.

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