Duquesne Family Office LLC Buys Shares of 197,670 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 stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & 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 accounts for 1.2% of Duquesne Family Office LLC's holdings, making the stock its 28th biggest position. Duquesne Family Office LLC owned approximately 0.05% of Capital One Financial as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. EJF Capital LLC boosted its position in Capital One Financial by 32.5% during the first quarter. EJF Capital LLC now owns 23,060 shares of the financial services provider's stock worth $4,135,000 after purchasing an additional 5,661 shares during the period. Cinctive Capital Management LP bought a new position in Capital One Financial during the first quarter worth about $11,559,000. AQR Capital Management LLC boosted its position in Capital One Financial by 17.7% during the first quarter. AQR Capital Management LLC now owns 1,076,166 shares of the financial services provider's stock worth $187,942,000 after purchasing an additional 161,828 shares during the period. Advisors Asset Management Inc. boosted its position in Capital One Financial by 6.1% during the first quarter. Advisors Asset Management Inc. now owns 7,633 shares of the financial services provider's stock worth $1,369,000 after purchasing an additional 438 shares during the period. Finally, Ariel Investments LLC boosted its position in Capital One Financial by 5.5% during the first quarter. Ariel Investments LLC now owns 291,117 shares of the financial services provider's stock worth $52,197,000 after purchasing an additional 15,233 shares during the period. Institutional investors own 89.84% of the company's stock.

Insider Activity at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the sale, the general counsel directly owned 100,486 shares in the company, valued at $22,448,572.40. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the sale, the insider 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,298 shares of company stock valued at $4,679,844. Company insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Bank of America increased their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. 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. Finally, Wall Street Zen lowered shares of Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Three investment 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $238.81.

Capital One Financial Price Performance

Shares of COF stock traded down $4.60 during trading hours on Friday, reaching $221.72. The stock had a trading volume of 3,840,767 shares, compared to its average volume of 2,985,290. The stock's fifty day simple moving average is $217.39 and its 200 day simple moving average is $195.67. The company has a current ratio of 1.02, a quick 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. The firm has a market capitalization of $141.79 billion, a PE ratio of 113.70, a PEG ratio of 0.87 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter last year, the business posted $3.14 earnings per share. Capital One Financial's revenue was up 31.4% compared to the same quarter last year. On average, equities research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

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

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.