Capital One Financial Co. (NYSE:COF) Shares Bought by Palestra Capital Management LLC

Palestra Capital Management LLC grew its stake in Capital One Financial Co. (NYSE:COF - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 901,359 shares of the financial services provider's stock after buying an additional 98,637 shares during the period. Capital One Financial makes up about 4.4% of Palestra Capital Management LLC's holdings, making the stock its 10th biggest holding. Palestra Capital Management LLC owned 0.24% of Capital One Financial worth $160,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in shares of Capital One Financial by 4.3% during 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 buying an additional 17,825 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Capital One Financial by 4.5% in the 4th 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 purchasing an additional 2,006 shares during the period. Geode Capital Management LLC boosted its stake in shares of Capital One Financial by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock valued at $1,467,393,000 after purchasing an additional 207,427 shares in the last quarter. Westbourne Investments Inc. purchased a new position in shares of Capital One Financial during the fourth quarter valued at about $410,000. Finally, Artemis Investment Management LLP bought a new position in Capital One Financial in the fourth quarter worth about $46,915,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Trading Down 1.2 %

Shares of COF stock traded down $2.23 during trading hours on Tuesday, hitting $185.67. 1,414,088 shares of the company were exchanged, compared to its average volume of 3,161,382. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a fifty day moving average of $173.68 and a 200 day moving average of $181.82. The firm has a market cap of $70.83 billion, a PE ratio of 15.99, a PEG ratio of 1.19 and a beta of 1.13.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.07 billion. Analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.29%. Capital One Financial's payout ratio is currently 20.15%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on COF shares. Argus upgraded shares of Capital One Financial to a "strong-buy" rating in a report on Thursday, January 23rd. Royal Bank of Canada set a $190.00 price objective on Capital One Financial and gave the company a "sector perform" rating in a report on Monday, April 14th. BTIG Research raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 target price on the stock in a research report on Tuesday, March 25th. Evercore ISI raised Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price target for the company in a report on Wednesday, March 12th. Finally, Citigroup dropped their price objective 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. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $207.73.

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.