Interval Partners LP Makes New Investment in Capital One Financial Corporation $COF

Key Points

• Interval Partners LP has acquired a new stake of 29,791 shares in Capital One Financial Corporation, valued at approximately $5.34 million, during the first quarter of 2023.
• Wall Street analysts have shown optimism for COF, with several brokerages setting price targets above $250 and a consensus rating of "Moderate Buy".
• Capital One recently declared a quarterly dividend of $0.60 per share, representing a 1.1% yield, although its dividend payout ratio is currently at 123.08%.

Interval Partners LP acquired a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,791 shares of the financial services provider's stock, valued at approximately $5,342,000.

A number of other institutional investors have also modified their holdings of COF. Diamond Hill Capital Management Inc. acquired a new position in shares of Capital One Financial in the first quarter valued at approximately $381,848,000. Bank of New York Mellon Corp increased its position in Capital One Financial by 23.7% during the first 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 purchasing an additional 950,415 shares during the last quarter. 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 Capital One Financial during the fourth quarter worth approximately $139,997,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Capital One Financial by 31.1% during the fourth 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 worth $574,642,000 after purchasing an additional 765,292 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on COF. Keefe, Bruyette & Woods upped their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. 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. Citigroup upped their price target 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. Royal Bank Of Canada upped their price target on shares of 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. Finally, Bank of America upped their price target 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. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and an average price target of $238.81.

Capital One Financial Stock Down 2.0%

Shares of COF stock traded down $4.60 on Friday, hitting $221.72. The stock had a trading volume of 3,840,767 shares, compared to its average volume of 3,021,897. The firm has a market capitalization of $141.79 billion, a price-to-earnings ratio of 113.70, a P/E/G ratio of 0.87 and a beta of 1.17. The stock's 50 day moving average is $217.39 and its 200-day moving average is $195.60. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a 52-week low of $131.55 and a 52-week 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 the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analysts' expectations 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 quarter last year, the company posted $3.14 earnings per share. As a group, research 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. Stockholders of record on Friday, August 15th were paid a $0.60 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial's dividend payout ratio is 123.08%.

Insider Activity

In related news, CAO Timothy P. Golden sold 3,462 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the sale, the chief accounting officer directly owned 8,987 shares of the company's stock, valued at $1,889,786.36. This represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Zamsky sold 5,515 shares of the company'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 completion of the sale, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,298 shares of company stock valued at $4,679,844 over the last ninety days. 1.26% of the stock is owned by company insiders.

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.