Caxton Associates LLP Acquires Shares of 5,398 Capital One Financial Corporation $COF

Key Points

• Caxton Associates LLP has acquired a new position in Capital One Financial Corporation valued at approximately $968,000, purchasing 5,398 shares during the first quarter.
• The financial services company recently reported $5.48 earnings per share (EPS), significantly exceeding analysts' expectations of $1.93, and posted a 31.4% year-over-year revenue increase.
• Capital One declared a quarterly dividend of $0.60 per share, reflecting an annualized yield of 1.1%, with a dividend payout ratio of 123.08%.

Caxton Associates LLP purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,398 shares of the financial services provider's stock, valued at approximately $968,000.

A number of other hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Capital One Financial by 18.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock worth $10,010,000 after buying an additional 9,374 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of Capital One Financial by 105.3% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock worth $138,000 after acquiring an additional 394 shares in the last quarter. Private Advisor Group LLC lifted its position in Capital One Financial by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock valued at $1,776,000 after acquiring an additional 1,312 shares during the period. Mutual Advisors LLC bought a new stake in Capital One Financial during the first quarter worth about $215,000. Finally, Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Capital One Financial during the fourth quarter valued at approximately $91,780,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Activity

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the firm's stock in a transaction on Monday, August 4th. The shares were 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. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock worth $4,679,844 over the last ninety days. Company insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

COF has been the topic of a number of analyst reports. Royal Bank Of Canada boosted their price target on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Barclays reissued an "overweight" rating and issued a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Rothschild & Co Redburn began coverage on shares of Capital One Financial in a research note on Friday, August 1st. They issued a "buy" rating and a $290.00 price target on the stock. Wells Fargo & Company increased their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Finally, Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Capital One Financial currently has a consensus rating of "Moderate Buy" and an average price target of $239.44.

Capital One Financial Stock Performance

Shares of NYSE:COF traded down $0.76 during trading on Friday, hitting $223.59. The company's stock had a trading volume of 2,153,601 shares, compared to its average volume of 2,938,300. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $142.99 billion, a price-to-earnings ratio of 114.66, a P/E/G ratio of 0.87 and a beta of 1.17. The company has a 50-day moving average of $217.89 and a 200-day moving average of $196.49. Capital One Financial Corporation has a 12 month low of $137.64 and a 12 month high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $3.14 earnings per share. On average, sell-side analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. 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.