Maverick Capital Ltd. Buys New Position in Capital One Financial Corporation $COF

Key Points

• Maverick Capital Ltd. has purchased 475,030 shares of Capital One Financial, valued at approximately $85.17 million, making it the firm's 23rd largest position.
• Capital One Financial recently reported earnings of $5.48 per share, significantly exceeding analysts' expectations, with a year-over-year revenue increase of 31.4%.
• The company announced a quarterly dividend of $0.60 per share, with a yield of 1.1% and a payout ratio of 123.08%.

Maverick Capital Ltd. bought a new stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 475,030 shares of the financial services provider's stock, valued at approximately $85,173,000. Capital One Financial accounts for 1.5% of Maverick Capital Ltd.'s portfolio, making the stock its 23rd biggest position. Maverick Capital Ltd. owned 0.12% of Capital One Financial at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its position in Capital One Financial by 18.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock valued at $10,010,000 after purchasing an additional 9,374 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in 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 valued at $138,000 after purchasing an additional 394 shares in the last quarter. Private Advisor Group LLC raised its position in Capital One Financial by 15.3% in 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 purchasing an additional 1,312 shares in the last quarter. Mutual Advisors LLC acquired a new stake in Capital One Financial in the 1st quarter valued at about $215,000. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in Capital One Financial in the 4th quarter valued at about $91,780,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Trading Up 0.1%

NYSE:COF opened at $227.43 on Monday. The firm has a market cap of $145.44 billion, a P/E ratio of 116.63, a PEG ratio of 0.89 and a beta of 1.17. 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 stock's 50 day simple moving average is $215.76 and its 200-day simple moving average is $194.93. 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 released its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analyst estimates 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 analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 15th. Capital One Financial's dividend payout ratio is currently 123.08%.

Analyst Upgrades and Downgrades

COF has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price target on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their target price on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Wall Street Zen cut Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Barclays restated an "overweight" rating and set a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $238.81.

Insider Buying and Selling

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 owned 68,707 shares of the company's stock, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Timothy P. Golden sold 3,462 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,298 shares of company stock valued at $4,233,044 over the last quarter. Company 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.

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