Woodline Partners LP Increases Stake in Capital One Financial Corporation $COF

Key Points

• Woodline Partners LP increased its stake in Capital One Financial Corporation by 40.6%, now holding 32,205 shares valued at approximately $5.77 million.
• Variety of hedge funds, including WPG Advisers LLC and Saudi Central Bank, have also acquired new positions or boosted their holdings in Capital One Financial during the first quarter.
• Analysts have upgraded their price targets for Capital One Financial, with Bank of America raising theirs to $233.00 and Truist Financial to $270.00, with overall ratings leaning towards a Moderate Buy consensus.

Woodline Partners LP grew its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 40.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,205 shares of the financial services provider's stock after purchasing an additional 9,294 shares during the quarter. Woodline Partners LP's holdings in Capital One Financial were worth $5,774,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. WPG Advisers LLC purchased a new position in shares of Capital One Financial in the first quarter worth about $25,000. Saudi Central Bank purchased a new position in Capital One Financial in the 1st quarter worth approximately $27,000. Beacon Capital Management LLC lifted its stake 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 worth $32,000 after purchasing an additional 97 shares in the last quarter. Motco boosted its holdings in shares of Capital One Financial by 115.1% during the 1st quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after purchasing an additional 137 shares during the last quarter. Finally, Bogart Wealth LLC grew its position 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 valued at $46,000 after purchasing an additional 243 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on COF. Bank of America lifted their price objective on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Truist Financial boosted their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and lifted their target price for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Finally, Barclays reiterated an "overweight" rating and issued a $253.00 target price (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $239.44.

Insider Transactions at Capital One Financial

In other news, CAO Timothy P. Golden sold 3,462 shares of the firm'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 in the company, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their position. The sale 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 firm'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 owned 27,364 shares in the company, valued at $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. Insiders have sold 21,298 shares of company stock valued at $4,679,844 over the last three months. 1.26% of the stock is currently owned by company insiders.

Capital One Financial Trading Down 0.3%

NYSE COF opened at $223.59 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $142.99 billion, a P/E ratio of 114.66, a PEG ratio of 0.87 and a beta of 1.17. The firm's 50-day moving average is $217.89 and its two-hundred day moving average is $196.49. Capital One Financial Corporation has a 12 month low of $137.64 and a 12 month high of $232.45.

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 for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the prior year, the business earned $3.14 earnings per share. Capital One Financial's revenue was up 31.4% on a year-over-year basis. On average, sell-side analysts anticipate 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. Shareholders of record on Friday, August 15th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial's payout ratio is presently 123.08%.

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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