MKP Capital Management L.L.C. Makes New Investment in Capital One Financial Corporation $COF

MKP Capital Management L.L.C. acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 375,000 shares of the financial services provider’s stock, valued at approximately $79,718,000. Capital One Financial comprises about 3.1% of MKP Capital Management L.L.C.’s investment portfolio, making the stock its 8th largest position.

A number of other institutional investors have also recently made changes to their positions in the company. Insigneo Advisory Services LLC lifted its position in shares of Capital One Financial by 4.7% in the third quarter. Insigneo Advisory Services LLC now owns 4,282 shares of the financial services provider’s stock worth $910,000 after buying an additional 192 shares in the last quarter. Great Lakes Retirement Inc. increased its stake in Capital One Financial by 2.9% in the 3rd quarter. Great Lakes Retirement Inc. now owns 9,419 shares of the financial services provider’s stock worth $2,002,000 after acquiring an additional 263 shares during the last quarter. Cresset Asset Management LLC increased its stake in Capital One Financial by 19.0% in the 3rd quarter. Cresset Asset Management LLC now owns 23,298 shares of the financial services provider’s stock worth $4,953,000 after acquiring an additional 3,727 shares during the last quarter. Picton Mahoney Asset Management raised its holdings in shares of Capital One Financial by 41.1% during the 3rd quarter. Picton Mahoney Asset Management now owns 165,686 shares of the financial services provider’s stock worth $35,220,000 after acquiring an additional 48,243 shares in the last quarter. Finally, Legato Capital Management LLC boosted its position in shares of Capital One Financial by 35.1% during the 3rd quarter. Legato Capital Management LLC now owns 12,678 shares of the financial services provider’s stock valued at $2,695,000 after acquiring an additional 3,291 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on COF shares. Citigroup raised their target price on shares of Capital One Financial from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, December 31st. Jefferies Financial Group lifted their price objective on shares of Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. HSBC reduced their target price on shares of Capital One Financial from $234.00 to $226.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. Evercore lowered their price target on shares of Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a report on Tuesday, January 27th. Finally, TD Cowen reissued a “buy” rating on shares of Capital One Financial in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $274.70.

Capital One Financial Price Performance

COF stock opened at $195.64 on Thursday. The stock has a market cap of $121.67 billion, a PE ratio of 66.09, a P/E/G ratio of 0.58 and a beta of 1.14. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $259.64. The company has a 50-day moving average price of $224.19 and a 200 day moving average price of $222.50. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.During the same quarter in the prior year, the company posted $2.67 earnings per share. The firm’s revenue for the quarter was up 53.3% compared to the same quarter last year. Equities research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, February 19th. Capital One Financial’s dividend payout ratio (DPR) is currently 108.11%.

Insider Activity at Capital One Financial

In other news, insider Neal Blinde sold 38,135 shares of Capital One Financial stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the completion of the sale, the insider directly owned 33,551 shares in the company, valued at approximately $6,391,801.01. This trade represents a 53.20% 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 this link. Also, insider Jason P. Hanson sold 3,729 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total transaction of $764,445.00. Following the completion of the transaction, the insider owned 40,230 shares in the company, valued at approximately $8,247,150. The trade was a 8.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 67,933 shares of company stock worth $14,363,897 over the last quarter. 1.26% of the stock is owned by insiders.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.