Jupiter Asset Management Ltd. Acquires New Position in Capital One Financial Corporation (NYSE:COF)

Jupiter Asset Management Ltd. acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 58,677 shares of the financial services provider’s stock, valued at approximately $10,521,000.

A number of other hedge funds also recently made changes to their positions in the stock. Lone Pine Capital LLC bought a new stake in Capital One Financial during the 4th quarter valued at approximately $577,012,000. Diamond Hill Capital Management Inc. bought a new stake in Capital One Financial during the 1st quarter valued at approximately $381,848,000. FMR LLC raised its stake in Capital One Financial by 21.6% during the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock valued at $1,440,449,000 after purchasing an additional 1,436,935 shares during the period. Meritage Group LP bought a new stake in Capital One Financial during the 4th quarter valued at approximately $227,662,000. Finally, Invesco Ltd. raised its stake in Capital One Financial by 38.7% during the 4th quarter. Invesco Ltd. now owns 4,117,444 shares of the financial services provider’s stock valued at $734,223,000 after purchasing an additional 1,148,443 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Insider Transactions at Capital One Financial

In other news, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the transaction, the insider owned 20,089 shares in the company, valued at approximately $4,005,746.60. The trade was a 32.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the sale, the director directly owned 56,244 shares of the company’s stock, valued at $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,332 shares of company stock worth $4,540,285. 1.26% of the stock is currently owned by company insiders.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $207.47 on Friday. The stock has a market cap of $79.49 billion, a price-to-earnings ratio of 106.40, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a 50 day moving average price of $206.91 and a 200-day moving average price of $192.63. Capital One Financial Corporation has a one year low of $128.23 and a one year high of $232.45.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analysts’ expectations of $12.72 billion. Capital One Financial’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.14 EPS. Equities analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be issued a $0.60 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. Capital One Financial’s payout ratio is 123.08%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $245.00 to $248.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. TD Cowen raised Capital One Financial from a “hold” rating to a “buy” rating and lifted their target price for the company from $184.00 to $258.00 in a research note on Tuesday, July 8th. Bank of America lifted their target price on Capital One Financial from $223.00 to $233.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Rothschild & Co Redburn assumed coverage on Capital One Financial in a report on Friday. They set a “buy” rating and a $290.00 price target for the company. Finally, Barclays restated an “overweight” rating and set a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and an average price target of $238.81.

Capital One Financial 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.