Point72 Hong Kong Ltd Takes Position in Capital One Financial Co. (NYSE:COF)

Point72 Hong Kong Ltd purchased a new stake in Capital One Financial Co. (NYSE:COF - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 14,217 shares of the financial services provider's stock, valued at approximately $2,535,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PointState Capital LP purchased a new position in shares of Capital One Financial during the 4th quarter worth about $139,997,000. Prana Capital Management LP purchased a new position in shares of Capital One Financial in the 4th quarter worth about $22,000,000. ProShare Advisors LLC grew its stake in Capital One Financial by 7.0% during the fourth quarter. ProShare Advisors LLC now owns 86,346 shares of the financial services provider's stock worth $15,397,000 after buying an additional 5,686 shares during the period. Quantinno Capital Management LP increased its holdings in Capital One Financial by 45.7% in the 4th quarter. Quantinno Capital Management LP now owns 62,142 shares of the financial services provider's stock valued at $11,081,000 after purchasing an additional 19,502 shares in the last quarter. Finally, Mufg Securities Americas Inc. acquired a new stake in shares of Capital One Financial in the fourth quarter valued at about $1,004,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Price Performance

NYSE:COF traded down $1.51 during mid-day trading on Tuesday, reaching $195.90. 5,113,749 shares of the stock were exchanged, compared to its average volume of 3,377,876. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year 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. The business has a fifty day moving average price of $176.22 and a 200 day moving average price of $184.17. The firm has a market capitalization of $75.06 billion, a PE ratio of 16.90, 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, topping 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 analyst estimates of $10.07 billion. Research analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, May 23rd. Capital One Financial's dividend payout ratio (DPR) is 20.15%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on COF shares. JPMorgan Chase & Co. decreased their target price on shares of Capital One Financial from $198.00 to $170.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Bank of America raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and increased their price target for the stock from $207.00 to $235.00 in a research report on Wednesday, February 19th. Citigroup lowered their price target on Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a report on Monday, March 24th. Truist Financial lifted their price target on shares of Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a report on Friday, April 25th. Finally, Baird R W raised shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $207.73.

Insider Activity

In other news, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the transaction, the insider now owns 20,089 shares of the company's stock, valued at $4,005,746.60. This trade represents a 32.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the transaction, the director now owns 56,244 shares in the company, valued at $11,175,682.80. The trade was a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently 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.