PointState Capital LP Takes Position in Capital One Financial Co. (NYSE:COF)

PointState Capital LP purchased a new stake in Capital One Financial Co. (NYSE:COF) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 785,088 shares of the financial services provider's stock, valued at approximately $139,997,000. Capital One Financial accounts for approximately 2.6% of PointState Capital LP's portfolio, making the stock its 13th biggest holding. PointState Capital LP owned 0.21% of Capital One Financial as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in COF. Prana Capital Management LP acquired a new stake in Capital One Financial during the 4th quarter worth $22,000,000. ProShare Advisors LLC increased 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 purchasing an additional 5,686 shares during the period. Quantinno Capital Management LP increased its stake in Capital One Financial by 45.7% in the fourth 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 during the last quarter. Mufg Securities Americas Inc. purchased a new position in Capital One Financial in the fourth quarter valued at approximately $1,004,000. Finally, Nissay Asset Management Corp Japan ADV increased its stake in Capital One Financial by 0.5% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 47,375 shares of the financial services provider's stock valued at $8,538,000 after purchasing an additional 248 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Price Performance

COF stock opened at $196.59 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67. The firm has a market cap of $75.32 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13. The stock has a 50-day simple moving average of $174.37 and a 200-day simple moving average of $183.21.

Capital One Financial (NYSE:COF - Get Free Report) last posted 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. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.07 billion. On average, equities analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Friday, May 23rd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Friday, May 23rd. Capital One Financial's dividend payout ratio is currently 20.15%.

Analyst Upgrades and Downgrades

COF has been the subject of several research analyst reports. Barclays increased their price objective on Capital One Financial from $219.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. BTIG Research upgraded Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective for the company in a research report on Tuesday, March 25th. Evercore ISI upgraded Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price objective for the company in a research report on Wednesday, March 12th. Citigroup dropped their price target on Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Finally, Baird R W upgraded Capital One Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $207.73.

Insider Activity at Capital One Financial

In related news, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the transaction, the director now owns 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael Zamsky sold 9,560 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 20,089 shares of the company's stock, valued at $4,005,746.60. This represents a 32.24% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

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.

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