Third Point LLC Makes New Investment in Capital One Financial Co. (NYSE:COF)

Third Point LLC bought a new position in shares of Capital One Financial Co. (NYSE:COF - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 925,000 shares of the financial services provider's stock, valued at approximately $164,946,000. Capital One Financial accounts for about 2.2% of Third Point LLC's investment portfolio, making the stock its 19th largest holding. Third Point LLC owned approximately 0.24% of Capital One Financial at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of COF. Westbourne Investments Inc. purchased a new position in Capital One Financial during the 4th quarter worth approximately $410,000. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Capital One Financial by 380.0% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 21,600 shares of the financial services provider's stock worth $3,852,000 after buying an additional 17,100 shares during the period. Freestone Grove Partners LP purchased a new position in shares of Capital One Financial during the fourth quarter valued at $60,953,000. Schonfeld Strategic Advisors LLC raised its position in Capital One Financial by 192.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 28,358 shares of the financial services provider's stock valued at $5,057,000 after buying an additional 18,672 shares during the period. Finally, AQR Capital Management LLC lifted its stake in Capital One Financial by 36.4% in the 4th quarter. AQR Capital Management LLC now owns 914,338 shares of the financial services provider's stock worth $163,045,000 after acquiring an additional 244,000 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Stock Performance

Shares of COF stock traded up $7.64 during trading on Friday, reaching $187.86. The company had a trading volume of 4,694,490 shares, compared to its average volume of 3,168,164. The firm's 50 day simple moving average is $173.85 and its two-hundred day simple moving average is $181.46. Capital One Financial Co. has a one year low of $128.23 and a one year high of $210.67. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $71.66 billion, a PE ratio of 16.21, a PEG ratio of 1.19 and a beta of 1.13.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $10.07 billion. Sell-side analysts forecast that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.28%. Capital One Financial's dividend payout ratio is presently 20.15%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on COF shares. Bank of America upgraded Capital One Financial from a "neutral" rating to a "buy" rating and upped their target price for the company from $207.00 to $235.00 in a report on Wednesday, February 19th. Hsbc Global Res upgraded shares of Capital One Financial from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. cut 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 report on Tuesday, April 8th. Citigroup lowered their price target 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. Finally, 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 report on Wednesday, March 12th. 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.com, Capital One Financial has a consensus rating of "Moderate Buy" and an average target price 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.