Capital One Financial Corporation $COF Shares Acquired by Third Point LLC

Key Points

• Third Point LLC has increased its stake in Capital One Financial Corporation by 13.5%, now owning approximately 1,050,000 shares valued at around $188 million.
• A number of major institutional investors, including Vanguard Group and Goldman Sachs Group, have also raised their holdings in Capital One, indicating strong institutional interest in the company.
• Capital One recently reported $5.48 EPS for the last quarter, significantly exceeding expectations, with revenue growth of 31.4% year-over-year, despite a slight decline in stock price.

Third Point LLC lifted its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 13.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,050,000 shares of the financial services provider's stock after acquiring an additional 125,000 shares during the period. Capital One Financial accounts for about 2.9% of Third Point LLC's holdings, making the stock its 14th biggest position. Third Point LLC owned approximately 0.27% of Capital One Financial worth $188,265,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of COF. WPG Advisers LLC acquired a new position in Capital One Financial in the first quarter valued at $25,000. Saudi Central Bank acquired a new position in Capital One Financial in the 1st quarter valued at about $27,000. Beacon Capital Management LLC increased its position in Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 97 shares during the period. Motco raised its stake in Capital One Financial by 115.1% during the 1st quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 137 shares during the last quarter. Finally, Bogart Wealth LLC lifted its position in Capital One Financial by 1,518.8% during the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after acquiring an additional 243 shares during the period. Hedge funds and other institutional investors own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on COF. Bank of America boosted their target price on Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and lifted their price objective for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Wall Street Zen downgraded shares of Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company lifted their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Three research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $238.81.

Capital One Financial Price Performance

Shares of NYSE COF traded up $1.15 during trading on Wednesday, hitting $223.63. 2,667,758 shares of the company were exchanged, compared to its average volume of 4,329,138. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 1 year low of $132.61 and a 1 year high of $232.45. The company has a market cap of $143.01 billion, a price-to-earnings ratio of 114.68, a PEG ratio of 0.86 and a beta of 1.17. The firm's fifty day moving average price is $217.68 and its 200 day moving average price is $195.92.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly 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 analysts' expectations of $12.72 billion. The business's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.14 EPS. On average, sell-side analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is presently 123.08%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 207 shares of the business's stock in a transaction on 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 approximately $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 value 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 trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock worth $4,679,844 over the last quarter. Insiders own 1.26% of the company's stock.

About Capital One Financial

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.