Senator Investment Group LP Acquires Shares of 233,129 Capital One Financial Corporation $COF

Senator Investment Group LP acquired a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 233,129 shares of the financial services provider’s stock, valued at approximately $46,770,000. Capital One Financial comprises approximately 1.7% of Senator Investment Group LP’s investment portfolio, making the stock its 24th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Capital One Financial by 0.5% in the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock valued at $10,242,628,000 after purchasing an additional 236,643 shares during the last quarter. Franklin Resources Inc. grew its stake in Capital One Financial by 5.4% during the 4th quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock worth $3,023,795,000 after buying an additional 638,158 shares during the last quarter. Morgan Stanley increased its position in Capital One Financial by 3.9% during the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock worth $2,103,196,000 after buying an additional 323,350 shares during the period. Norges Bank acquired a new position in Capital One Financial during the fourth quarter worth approximately $2,089,803,000. Finally, Viking Global Investors LP lifted its stake in Capital One Financial by 30.3% in the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock valued at $1,570,649,000 after buying an additional 1,717,148 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Buying and Selling

In other news, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the sale, the insider owned 27,992 shares of the company’s stock, valued at $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Timothy P. Golden sold 3,487 shares of Capital One Financial stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction of $735,757.00. Following the completion of the sale, the chief accounting officer directly owned 7,429 shares in the company, valued at approximately $1,567,519. The trade was a 31.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 26,267 shares of company stock worth $5,617,648 in the last ninety days. Insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wolfe Research increased their price objective on Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Citigroup cut their target price on shares of Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. HSBC upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $226.00 to $229.00 in a research note on Sunday, July 12th. UBS Group raised their price objective on shares of Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Twenty-one analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $258.91.

Capital One Financial Trading Up 0.1%

Shares of COF stock opened at $215.81 on Monday. The business’s 50 day moving average is $210.32 and its two-hundred day moving average is $197.82. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The company has a market capitalization of $132.40 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 0.79 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. During the same quarter in the previous year, the company posted $5.48 earnings per share. The company’s revenue for the quarter was up 26.9% compared to the same quarter last year. Equities analysts forecast that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s payout ratio is currently 19.80%.

About Capital One Financial

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.