Capital One Financial Corporation $COF Shares Bought by 140 Summer Partners LP

140 Summer Partners LP increased its position in shares of Capital One Financial Corporation (NYSE:COF) by 15.2% during the 4th quarter, HoldingsChannel reports. The fund owned 611,450 shares of the financial services provider’s stock after purchasing an additional 80,571 shares during the quarter. Capital One Financial accounts for about 11.0% of 140 Summer Partners LP’s investment portfolio, making the stock its largest holding. 140 Summer Partners LP’s holdings in Capital One Financial were worth $148,191,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Graham Capital Management L.P. acquired a new stake in shares of Capital One Financial during the 4th quarter worth approximately $10,825,000. Polar Capital Holdings Plc lifted its holdings in Capital One Financial by 1.9% in the fourth quarter. Polar Capital Holdings Plc now owns 40,961 shares of the financial services provider’s stock valued at $9,927,000 after buying an additional 756 shares during the period. Rothschild Wealth LLC boosted its stake in Capital One Financial by 135.2% in the fourth quarter. Rothschild Wealth LLC now owns 3,761 shares of the financial services provider’s stock valued at $912,000 after acquiring an additional 2,162 shares during the last quarter. Delta Global Management LP boosted its stake in Capital One Financial by 11.9% in the fourth quarter. Delta Global Management LP now owns 225,459 shares of the financial services provider’s stock valued at $54,642,000 after acquiring an additional 24,057 shares during the last quarter. Finally, Oddo BHF Asset Management Sas grew its holdings in Capital One Financial by 28.8% during the 4th quarter. Oddo BHF Asset Management Sas now owns 18,060 shares of the financial services provider’s stock worth $4,377,000 after acquiring an additional 4,041 shares during the period. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of COF opened at $200.69 on Wednesday. The firm has a market capitalization of $124.89 billion, a PE ratio of 70.42, a P/E/G ratio of 0.70 and a beta of 1.03. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50 day simple moving average of $189.76 and a 200 day simple moving average of $207.09.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The company had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. During the same period in the prior year, the company earned $4.06 EPS. The firm’s revenue was up 52.3% on a year-over-year basis. Sell-side analysts predict that Capital One Financial Corporation will post 19.51 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s dividend payout ratio is 112.28%.

Insider Buying and Selling at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total value of $643,755.00. Following the sale, the general counsel owned 97,194 shares of the company’s stock, valued at approximately $17,876,892.42. This trade represents a 3.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 1,692 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total value of $314,052.12. Following the completion of the sale, the insider owned 65,454 shares in the company, valued at $12,148,916.94. The trade was a 2.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,040 shares of company stock valued at $1,498,615 in the last 90 days. 0.78% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on COF. Jefferies Financial Group restated a “buy” rating and issued a $300.00 price target on shares of Capital One Financial in a research report on Monday, March 16th. Wells Fargo & Company dropped their price objective on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research note on Friday, March 27th. The Goldman Sachs Group decreased their target price on Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Finally, Truist Financial lowered their price target on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Seventeen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $258.75.

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.