Capital One Financial Corporation $COF Position Increased by AQR Capital Management LLC

AQR Capital Management LLC raised its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 17.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,076,166 shares of the financial services provider’s stock after purchasing an additional 161,828 shares during the period. AQR Capital Management LLC owned about 0.28% of Capital One Financial worth $187,942,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. WPG Advisers LLC bought a new position in shares of Capital One Financial during the first quarter worth about $25,000. Saudi Central Bank bought a new position in shares of Capital One Financial during the first quarter worth about $27,000. Beacon Capital Management LLC grew its position in shares of Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 97 shares during the last quarter. Bogart Wealth LLC grew its position in shares of Capital One Financial by 1,518.8% during the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 243 shares during the last quarter. Finally, Motco grew its position in shares of Capital One Financial by 115.1% during the first quarter. Motco now owns 256 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 137 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE COF opened at $220.99 on Thursday. Capital One Financial Corporation has a twelve month low of $131.55 and a twelve month high of $232.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $141.33 billion, a price-to-earnings ratio of 113.33, a PEG ratio of 0.89 and a beta of 1.17. The firm has a 50-day moving average of $216.87 and a two-hundred day moving average of $195.48.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same period in the previous year, the company posted $3.14 earnings per share. Capital One Financial’s revenue was up 31.4% compared to the same quarter last year. As a group, analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial’s dividend payout ratio is currently 123.08%.

Insider Activity

In other Capital One Financial news, CAO Timothy P. Golden sold 207 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares of the company’s stock, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the sale, the general counsel directly owned 100,486 shares of the company’s stock, valued at $22,448,572.40. This represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock valued at $4,679,844 over the last ninety days. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on COF shares. Keefe, Bruyette & Woods increased their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Barclays reiterated an “overweight” rating and issued a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Truist Financial increased their target price on shares of Capital One Financial from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Finally, Bank of America increased their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the company a “buy” rating in a research report on Wednesday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and an average target price of $238.81.

About Capital One Financial

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.