Lone Pine Capital LLC Invests $577.01 Million in Capital One Financial Co. (NYSE:COF)

Lone Pine Capital LLC acquired a new stake in Capital One Financial Co. (NYSE:COF - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,235,823 shares of the financial services provider's stock, valued at approximately $577,012,000. Capital One Financial comprises about 4.3% of Lone Pine Capital LLC's holdings, making the stock its 12th largest position. Lone Pine Capital LLC owned 0.85% of Capital One Financial at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. increased its holdings in shares of Capital One Financial by 4.3% in the third quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider's stock valued at $64,482,000 after purchasing an additional 17,825 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Capital One Financial by 4.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider's stock worth $8,234,000 after acquiring an additional 2,006 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Capital One Financial by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock worth $1,467,393,000 after acquiring an additional 207,427 shares during the period. Artemis Investment Management LLP acquired a new position in shares of Capital One Financial in the fourth quarter valued at approximately $46,915,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Capital One Financial by 9.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 250,696 shares of the financial services provider's stock worth $44,704,000 after purchasing an additional 22,063 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Price Performance

Capital One Financial stock traded up $7.64 during mid-day trading on Friday, reaching $187.86. The company had a trading volume of 4,694,490 shares, compared to its average volume of 3,162,044. The business has a fifty day simple moving average of $173.85 and a 200 day simple moving average of $181.30. The company has a market cap of $71.66 billion, a P/E ratio of 16.21, a P/E/G ratio of 1.19 and a beta of 1.24. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. On average, equities research analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.28%. Capital One Financial's dividend payout ratio is presently 20.15%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Hsbc Global Res raised shares of Capital One Financial from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Citigroup lowered their target price on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Royal Bank of Canada set a $190.00 price objective on Capital One Financial and gave the stock a "sector perform" rating in a research note on Monday, April 14th. HSBC upgraded Capital One Financial from a "reduce" rating to a "hold" rating and set a $176.00 target price for the company in a research report on Tuesday, January 14th. Finally, Evercore ISI upgraded Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price target on the stock in a research report on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and an average price target of $207.73.

Capital One Financial Company 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.