Lone Pine Capital LLC Sells 95,510 Shares of Capital One Financial Corporation $COF

Lone Pine Capital LLC reduced its position in Capital One Financial Corporation (NYSE:COF) by 3.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,080,633 shares of the financial services provider’s stock after selling 95,510 shares during the period. Capital One Financial comprises 4.7% of Lone Pine Capital LLC’s investment portfolio, making the stock its 9th biggest position. Lone Pine Capital LLC owned approximately 0.48% of Capital One Financial worth $655,435,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC purchased a new position in shares of Capital One Financial in the first quarter valued at $25,000. Moisand Fitzgerald Tamayo LLC grew its stake in Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 62 shares during the last quarter. Olistico Wealth LLC increased its holdings in Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 101 shares in the last quarter. Saudi Central Bank purchased a new position in Capital One Financial during the 1st quarter valued at about $27,000. Finally, RMG Wealth Management LLC acquired a new position in Capital One Financial during the second quarter worth about $27,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Frank G. LapradeIii sold 17,840 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $222.03, for a total value of $3,961,015.20. Following the completion of the sale, the insider directly owned 48,315 shares in the company, valued at approximately $10,727,379.45. The trade was a 26.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Celia Karam sold 2,936 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $218.15, for a total transaction of $640,488.40. Following the transaction, the insider directly owned 63,433 shares in the company, valued at approximately $13,837,908.95. This represents a 4.42% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 280,218 shares of company stock valued at $62,395,804. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Price Performance

COF stock opened at $237.71 on Friday. The stock has a market capitalization of $151.12 billion, a price-to-earnings ratio of 100.30, a price-to-earnings-growth ratio of 0.57 and a beta of 1.16. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $243.31. The stock’s fifty day simple moving average is $217.78 and its 200-day simple moving average is $214.93.

Capital One Financial (NYSE:COF) last released its earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The firm had revenue of $15.46 billion during the quarter. Equities research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Capital One Financial from $224.00 to $240.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research report on Monday. BTIG Research reissued a “buy” rating and issued a $264.00 price target on shares of Capital One Financial in a report on Wednesday, October 22nd. TD Cowen upped their price objective on Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Finally, Robert W. Baird lifted their price objective on Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $262.70.

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.