Duquesne Family Office LLC Purchases New Position in Capital One Financial Corporation $COF

Key Points

• Duquesne Family Office LLC has acquired a new position in Capital One Financial, purchasing 197,670 shares valued at approximately $35.44 million, making it 1.2% of their investment portfolio.
• Capital One reported $5.48 EPS for the last quarter, significantly exceeding the consensus estimate of $1.93, while its revenue was up 31.4% year-over-year.
• The company's recent quarterly dividend was $0.60, with a 1.1% dividend yield and a payout ratio of 123.08%.

Duquesne Family Office LLC purchased a new position in Capital One Financial Corporation (NYSE:COF - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 197,670 shares of the financial services provider's stock, valued at approximately $35,442,000. Capital One Financial comprises about 1.2% of Duquesne Family Office LLC's holdings, making the stock its 28th largest holding. Duquesne Family Office LLC owned about 0.05% of Capital One Financial at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Capital One Financial by 1.6% in the 1st 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 last quarter. Bank of New York Mellon Corp increased its holdings in shares of Capital One Financial by 23.7% in the 1st 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 last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Capital One Financial by 18.2% in the 1st 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 last quarter. Invesco Ltd. increased its holdings in shares of Capital One Financial by 13.3% in the 1st 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 last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake 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 in the last quarter. Institutional investors own 89.84% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on COF shares. Truist Financial increased their target price on shares of Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a report on Monday, July 28th. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Bank of America increased their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Royal Bank Of Canada increased 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 report on Wednesday, July 23rd. Finally, TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and increased their target price for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $238.81.

Capital One Financial Trading Up 0.9%

Shares of COF traded up $1.90 during trading hours on Tuesday, reaching $222.00. 1,605,688 shares of the company traded hands, compared to its average volume of 4,327,550. The company's fifty day moving average price is $217.53 and its two-hundred day moving average price is $195.74. The company has a market capitalization of $141.97 billion, a price-to-earnings ratio of 113.85, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 12 month low of $131.55 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 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The company's revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.14 EPS. Equities research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial's payout ratio is presently 123.08%.

Insider Buying and Selling at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the sale, the general counsel owned 100,486 shares of the company's stock, valued at $22,448,572.40. The trade was a 1.95% 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, CAO Timothy P. Golden sold 207 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the sale, the chief accounting officer directly owned 8,780 shares in the company, valued at $1,891,299.80. The trade was a 2.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,298 shares of company stock worth $4,679,844. Insiders own 1.26% of the company's stock.

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.