Capital One Financial Corporation $COF Shares Purchased by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP lifted its position in shares of Capital One Financial Corporation (NYSE:COF) by 8.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 592,523 shares of the financial services provider’s stock after purchasing an additional 45,109 shares during the quarter. Capital One Financial makes up about 0.4% of Hudson Bay Capital Management LP’s investment portfolio, making the stock its 10th largest position. Hudson Bay Capital Management LP owned 0.09% of Capital One Financial worth $126,065,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

COF has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a research note on Monday. Jefferies Financial Group increased their target price on Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday. HSBC boosted their price target on Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Truist Financial upped their price target on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, Wolfe Research started coverage on Capital One Financial in a report on Monday. They set an “outperform” rating and a $270.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $262.70.

Capital One Financial Stock Down 0.7%

NYSE COF opened at $237.71 on Friday. The stock’s 50 day simple moving average is $217.78 and its 200 day simple moving average is $214.93. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $243.31. The firm has a market cap of $151.12 billion, a PE ratio of 100.30, a price-to-earnings-growth ratio of 0.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. The company had revenue of $15.46 billion for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%. As a group, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

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

Insider Activity

In other Capital One Financial news, insider Frank G. LapradeIii sold 17,840 shares of the firm’s stock in a transaction dated 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 owned 48,315 shares in the company, valued at approximately $10,727,379.45. This trade represents a 26.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $221.54, for a total transaction of $443,080.00. Following the completion of the transaction, the general counsel directly owned 94,486 shares of the company’s stock, valued at approximately $20,932,428.44. This represents a 2.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 280,218 shares of company stock worth $62,395,804. 1.26% of the stock is currently owned by insiders.

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.