PointState Capital LP Boosts Stock Position in Capital One Financial Corporation $COF

Key Points

• PointState Capital LP increased its holdings in Capital One Financial Corporation by 48.6% in the first quarter, now owning approximately $209.20 million in shares.
• Insider selling included notable transactions by Michael Zamsky and Timothy P. Golden, decreasing their ownership stakes by 16.77% and 2.30% respectively.
• Analysts have raised their price targets on Capital One Financial, with Citigroup setting a new target of $275.00 and a majority rating the stock as a buy or strong buy.

PointState Capital LP raised its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 48.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,166,755 shares of the financial services provider's stock after acquiring an additional 381,667 shares during the quarter. Capital One Financial comprises approximately 3.0% of PointState Capital LP's portfolio, making the stock its 11th biggest holding. PointState Capital LP owned approximately 0.30% of Capital One Financial worth $209,199,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. WPG Advisers LLC bought a new position in shares of Capital One Financial in the first quarter worth $25,000. Saudi Central Bank bought a new position in shares of Capital One Financial in the first quarter worth $27,000. Beacon Capital Management LLC increased its holdings in shares of Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after purchasing an additional 97 shares during the period. Bogart Wealth LLC increased its holdings in shares of Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after purchasing an additional 243 shares during the period. Finally, Motco increased its holdings in shares of Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after purchasing an additional 137 shares during the period. Institutional investors own 89.84% of the company's stock.

Capital One Financial Price Performance

NYSE:COF traded up $1.79 during midday trading on Thursday, hitting $225.22. The company had a trading volume of 861,290 shares, compared to its average volume of 4,308,699. Capital One Financial Corporation has a 52-week low of $134.73 and a 52-week high of $232.45. The stock's fifty day moving average price is $217.77 and its 200-day moving average price is $196.12. The company has a market capitalization of $144.03 billion, a PE ratio of 115.50, a P/E/G 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 (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. During the same quarter last year, the firm posted $3.14 earnings per share. The firm's revenue was up 31.4% on a year-over-year basis. 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 Announces Dividend

The firm also recently declared 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. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio is presently 123.08%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 207 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares in the company, valued at $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction dated 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 sale, the insider owned 27,364 shares of the company's stock, valued at approximately $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. In the last ninety days, insiders have sold 21,298 shares of company stock valued at $4,679,844. Corporate insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on COF. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. 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 report on Wednesday, July 23rd. Truist Financial upped their price target on shares of Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Wall Street Zen cut shares of Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Bank of America upped 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. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. According to 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 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.