AQR Capital Management LLC Buys 436,648 Shares of Capital One Financial Corporation $COF

AQR Capital Management LLC raised its position in Capital One Financial Corporation (NYSE:COF) by 40.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,512,814 shares of the financial services provider’s stock after purchasing an additional 436,648 shares during the period. AQR Capital Management LLC’s holdings in Capital One Financial were worth $321,866,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Eagle Bay Advisors LLC raised its holdings in shares of Capital One Financial by 3.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider’s stock worth $299,000 after buying an additional 49 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. lifted its holdings in Capital One Financial by 0.3% during the 2nd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider’s stock valued at $3,532,000 after purchasing an additional 50 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its position in Capital One Financial by 66.7% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock valued at $27,000 after buying an additional 50 shares in the last quarter. Culbertson A N & Co. Inc. grew its stake in Capital One Financial by 0.4% during the second quarter. Culbertson A N & Co. Inc. now owns 11,365 shares of the financial services provider’s stock worth $2,418,000 after buying an additional 50 shares during the last quarter. Finally, TFB Advisors LLC grew its stake in Capital One Financial by 3.4% during the first quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider’s stock worth $276,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Down 0.7%

Shares of COF stock opened at $237.71 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. The firm’s fifty day moving average price is $217.78 and its two-hundred day moving average price is $214.93. The firm has a market capitalization of $151.12 billion, a P/E ratio of 100.30, a PEG ratio of 0.57 and a beta of 1.16. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $243.31.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The company had revenue of $15.46 billion for the quarter. On average, equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a dividend of $0.80 per share. The ex-dividend date was Monday, November 17th. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a yield of 1.3%. Capital One Financial’s dividend payout ratio is 135.02%.

Insider Activity

In other news, insider Lia Dean sold 3,269 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $218.15, for a total transaction of $713,132.35. Following the completion of the sale, the insider owned 69,855 shares in the company, valued at approximately $15,238,868.25. This trade represents a 4.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Neal Blinde sold 43,200 shares of Capital One Financial stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the sale, the insider directly owned 73,020 shares of the company’s stock, valued at $16,198,026.60. The trade was a 37.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 280,218 shares of company stock valued at $62,395,804. 1.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on COF shares. Jefferies Financial Group boosted their price objective on Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday. Truist Financial increased their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, September 12th. TD Cowen raised their price objective on shares of Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research note on Monday. Finally, HSBC increased their price target on shares of Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $262.70.

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.