PointState Capital LP Buys Shares of 785,088 Capital One Financial Co. (NYSE:COF)

PointState Capital LP acquired a new position in shares of Capital One Financial Co. (NYSE:COF - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 785,088 shares of the financial services provider's stock, valued at approximately $139,997,000. Capital One Financial makes up about 2.6% of PointState Capital LP's portfolio, making the stock its 13th largest position. PointState Capital LP owned approximately 0.21% of Capital One Financial at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bfsg LLC purchased a new position in Capital One Financial during the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Capital One Financial during the 4th quarter worth approximately $27,000. TruNorth Capital Management LLC purchased a new stake in Capital One Financial during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new stake in Capital One Financial during the 4th quarter worth approximately $32,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Capital One Financial during the 4th quarter valued at approximately $32,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Down 0.8%

Shares of COF traded down $1.61 during mid-day trading on Tuesday, hitting $195.80. 1,863,496 shares of the company's stock were exchanged, compared to its average volume of 3,364,722. The company has a market cap of $75.02 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 1.19 and a beta of 1.13. 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 debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The stock's 50-day moving average is $176.22 and its 200-day moving average is $184.17.

Capital One Financial (NYSE:COF - Get Free Report) last issued 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 business had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.07 billion. On average, sell-side analysts anticipate 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. Shareholders of record on Friday, May 23rd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.40 annualized dividend and a yield of 1.23%. Capital One Financial's dividend payout ratio is currently 20.15%.

Insider Buying and Selling at Capital One Financial

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 in the company, 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 legal filing with the SEC, which is accessible through this link. Also, insider Michael Zamsky sold 9,560 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $199.40, for a total value of $1,906,264.00. Following the sale, the insider now directly owns 20,089 shares of the company's stock, valued at approximately $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 currently owned by insiders.

Analyst Ratings Changes

COF has been the subject of several recent analyst reports. BTIG Research raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price target for the company in a report on Tuesday, March 25th. Citigroup dropped their price objective on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a report on Monday, March 24th. Baird R W raised shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. Argus raised shares of Capital One Financial to a "strong-buy" rating in a report on Thursday, January 23rd. Finally, Robert W. Baird raised shares of Capital One Financial from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $190.00 to $200.00 in a report on Tuesday, March 11th. Four investment 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 stock. According to data from MarketBeat, Capital One Financial currently 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.