Suvretta Capital Management LLC Purchases 44,610 Shares of Capital One Financial Corporation $COF

Suvretta Capital Management LLC raised its holdings in Capital One Financial Corporation (NYSE:COF) by 23.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 238,770 shares of the financial services provider’s stock after acquiring an additional 44,610 shares during the period. Capital One Financial comprises about 1.3% of Suvretta Capital Management LLC’s investment portfolio, making the stock its 28th largest holding. Suvretta Capital Management LLC’s holdings in Capital One Financial were worth $50,758,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after buying an additional 10,428 shares during the period. Intech Investment Management LLC increased its position in shares of Capital One Financial by 44.3% during the first quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock worth $1,608,000 after acquiring an additional 2,753 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Capital One Financial by 118.3% during the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock worth $702,000 after acquiring an additional 1,788 shares during the period. Nwam LLC bought a new stake in Capital One Financial in the 2nd quarter valued at $249,000. Finally, SBI Securities Co. Ltd. boosted its stake in Capital One Financial by 69.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,599 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 654 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Jason P. Hanson sold 3,729 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total transaction of $764,445.00. Following the transaction, the insider directly owned 40,230 shares in the company, valued at $8,247,150. The trade was a 8.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lia Dean sold 3,284 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total transaction of $734,565.12. Following the completion of the sale, the insider directly owned 70,162 shares in the company, valued at approximately $15,693,836.16. The trade was a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 67,933 shares of company stock worth $14,363,897. Corporate insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on COF. Deutsche Bank Aktiengesellschaft dropped their price target on Capital One Financial from $263.00 to $256.00 and set a “hold” rating on the stock in a research note on Friday, January 23rd. Keefe, Bruyette & Woods increased their price objective on Capital One Financial from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. Barclays dropped their target price on Capital One Financial from $294.00 to $287.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Citigroup upped their price target on Capital One Financial from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, December 31st. Finally, Wells Fargo & Company raised their price target on shares of Capital One Financial from $265.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $274.70.

Capital One Financial Stock Up 1.3%

COF stock opened at $179.76 on Friday. The company has a market cap of $111.80 billion, a price-to-earnings ratio of 60.73, a P/E/G ratio of 0.53 and a beta of 1.14. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $259.64. The business has a 50 day moving average price of $215.61 and a two-hundred day moving average price of $220.89. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. During the same period last year, the company posted $2.67 earnings per share. The business’s quarterly revenue was up 53.3% on a year-over-year basis. Analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th were paid a $0.80 dividend. The ex-dividend date was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.8%. Capital One Financial’s dividend payout ratio (DPR) is currently 108.11%.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.