TIG Advisors LLC Has $8.15 Million Stock Position in Capital One Financial Corporation $COF

Key Points

• TIG Advisors LLC increased its stake in Capital One Financial Corporation by 299.3% in the first quarter, owning 45,447 shares valued at approximately $8.15 million.
• Brokerage analysts have raised price targets for Capital One Financial stock, with Citigroup increasing its target from $250 to $275, while others maintain ratings ranging from "Strong Buy" to "Hold."
• Capital One Financial has announced a quarterly dividend of $0.60, which equates to an annualized yield of 1.1%, expected to be paid on September 2nd.

TIG Advisors LLC grew its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 299.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,447 shares of the financial services provider's stock after acquiring an additional 34,066 shares during the period. TIG Advisors LLC's holdings in Capital One Financial were worth $8,149,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of COF. Brave Warrior Advisors LLC raised its holdings in shares of Capital One Financial by 42,003.5% in the 1st quarter. Brave Warrior Advisors LLC now owns 631,553 shares of the financial services provider's stock worth $113,237,000 after acquiring an additional 630,053 shares during the last quarter. Maverick Capital Ltd. purchased a new position in Capital One Financial in the first quarter worth $85,173,000. Focus Partners Advisor Solutions LLC grew its position in Capital One Financial by 95.7% during the first quarter. Focus Partners Advisor Solutions LLC now owns 2,742 shares of the financial services provider's stock valued at $491,000 after buying an additional 1,341 shares during the period. One Wealth Capital Management LLC increased its stake in shares of Capital One Financial by 4.6% during the 1st quarter. One Wealth Capital Management LLC now owns 1,711 shares of the financial services provider's stock worth $307,000 after purchasing an additional 75 shares during the last quarter. Finally, Flputnam Investment Management Co. increased its position in Capital One Financial by 187.1% in the first quarter. Flputnam Investment Management Co. now owns 42,253 shares of the financial services provider's stock worth $7,576,000 after buying an additional 27,535 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on COF. JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Citigroup increased their target price on 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 lifted 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 price objective on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen downgraded Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. 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's stock. Based on data from MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and an average price target of $238.81.

Capital One Financial Trading Up 0.1%

Capital One Financial stock opened at $227.43 on Monday. 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 fifty-two week low of $131.55 and a fifty-two week high of $232.45. The stock 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 firm's fifty day moving average price is $215.76 and its 200-day moving average price is $194.93.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. Capital One Financial's quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.14 earnings per share. Equities research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

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

Insider Activity at Capital One Financial

In other Capital One Financial news, 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 completion of the sale, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. The trade was a 12.83% 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 Michael Zamsky sold 5,515 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This represents a 16.77% 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 three months. 1.26% of the stock is owned by corporate insiders.

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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