Y Intercept Hong Kong Ltd Buys New Shares in Capital One Financial Corporation $COF

Y Intercept Hong Kong Ltd purchased a new position in Capital One Financial Corporation (NYSE:COF) during the 1st quarter, Holdings Channel reports. The firm purchased 158,239 shares of the financial services provider’s stock, valued at approximately $28,868,000. Capital One Financial accounts for about 0.5% of Y Intercept Hong Kong Ltd’s holdings, making the stock its 7th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after acquiring an additional 10,428 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of Capital One Financial by 44.3% in the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock worth $1,608,000 after acquiring an additional 2,753 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Capital One Financial by 118.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock worth $702,000 after purchasing an additional 1,788 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Capital One Financial during the 2nd quarter worth approximately $218,000. Finally, Jump Financial LLC bought a new stake in shares of Capital One Financial during the second quarter valued at approximately $1,086,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Capital One Financial stock opened at $204.94 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $127.53 billion, a PE ratio of 71.91, a price-to-earnings-growth ratio of 0.74 and a beta of 1.02. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The business has a 50 day simple moving average of $191.01 and a 200 day simple moving average of $204.84.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The company had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The business’s revenue was up 52.3% on a year-over-year basis. During the same quarter last year, the company earned $4.06 earnings per share. On average, sell-side analysts forecast that Capital One Financial Corporation will post 19.53 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were issued a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial’s dividend payout ratio is presently 112.28%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $300.00 target price on shares of Capital One Financial in a research report on Monday, March 16th. Royal Bank Of Canada lowered their price target on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a report on Friday, April 10th. UBS Group dropped their price objective on shares of Capital One Financial from $283.00 to $270.00 in a research note on Wednesday, May 6th. TD Cowen reduced their price objective on shares of Capital One Financial from $290.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. Finally, Wells Fargo & Company decreased their target price on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $260.19.

Insider Activity

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total transaction of $643,755.00. Following the completion of the transaction, the general counsel directly owned 97,194 shares of the company’s stock, valued at $17,876,892.42. This trade represents a 3.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of Capital One Financial stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $192.58, for a total transaction of $336,822.42. Following the completion of the transaction, the insider owned 61,579 shares of the company’s stock, valued at $11,858,883.82. This trade represents a 2.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.78% of the company’s stock.

Capital One Financial Company 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.