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

Point72 Hong Kong Ltd purchased a new position in Capital One Financial Co. (NYSE:COF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,217 shares of the financial services provider's stock, valued at approximately $2,535,000.

A number of other hedge funds have also made changes to their positions in COF. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Capital One Financial by 4.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider's stock valued at $8,234,000 after purchasing an additional 2,006 shares during the period. Geode Capital Management LLC lifted its stake in 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 purchasing an additional 207,427 shares during the period. Westbourne Investments Inc. bought a new position in Capital One Financial during the fourth quarter worth about $410,000. Artemis Investment Management LLP bought a new position in Capital One Financial during the fourth quarter worth about $46,915,000. Finally, Lone Pine Capital LLC bought a new position in shares of Capital One Financial in the fourth quarter valued at approximately $577,012,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Argus raised 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 target price on shares of Capital One Financial and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Barclays upped their target price on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. reduced 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. 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $207.60.

Capital One Financial Stock Performance

Shares of COF stock traded down $3.27 on Wednesday, reaching $192.68. The stock had a trading volume of 1,638,498 shares, compared to its average volume of 4,717,670. 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's 50-day moving average is $176.82 and its two-hundred day moving average is $184.25. The firm has a market capitalization of $73.82 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 1.19 and a beta of 1.13. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $210.67.

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

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.25%. Capital One Financial's payout ratio is 20.15%.

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.