Southpoint Capital Advisors LP Purchases Shares of 700,000 Capital One Financial Co. (NYSE:COF)

Southpoint Capital Advisors LP purchased a new stake in shares of Capital One Financial Co. (NYSE:COF) in the 3rd quarter, Holdings Channel reports. The fund purchased 700,000 shares of the financial services provider’s stock, valued at approximately $104,811,000. Capital One Financial accounts for about 2.5% of Southpoint Capital Advisors LP’s holdings, making the stock its 18th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in Capital One Financial during the 1st quarter valued at $25,000. Y.D. More Investments Ltd bought a new position in Capital One Financial during the 2nd quarter worth $28,000. Hobbs Group Advisors LLC bought a new position in Capital One Financial during the 2nd quarter worth $29,000. Unique Wealth Strategies LLC bought a new position in Capital One Financial during the 2nd quarter worth $36,000. Finally, Catalyst Capital Advisors LLC bought a new position in Capital One Financial during the 3rd quarter worth $36,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on COF shares. Evercore ISI increased their price objective on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Robert W. Baird increased their price objective on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. The Goldman Sachs Group increased their price objective on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Royal Bank of Canada raised their price target on Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Finally, Barclays raised their price target on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $160.18.

Capital One Financial Stock Performance

NYSE:COF opened at $192.07 on Friday. The stock’s 50-day simple moving average is $166.58 and its 200 day simple moving average is $149.44. The firm has a market capitalization of $73.28 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. Capital One Financial Co. has a twelve month low of $110.18 and a twelve month high of $198.30.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same period last year, the firm posted $4.45 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts anticipate that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial’s payout ratio is 22.66%.

Insider Buying and Selling

In related news, insider Mark Daniel Mouadeb sold 1,994 shares of Capital One Financial stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total value of $323,765.78. Following the transaction, the insider now directly owns 19,776 shares of the company’s stock, valued at $3,211,029.12. The trade was a 9.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the transaction, the insider now directly owns 26,482 shares in the company, valued at approximately $5,038,465.32. This represents a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,007 shares of company stock valued at $4,982,647 over the last ninety days. 1.30% of the stock is owned by company insiders.

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.