Capital One Financial Corporation $COF is Bronte Capital Management Pty Ltd.’s 9th Largest Position

Bronte Capital Management Pty Ltd. raised its stake in Capital One Financial Corporation (NYSE:COF) by 6.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 187,369 shares of the financial services provider’s stock after purchasing an additional 11,829 shares during the period. Capital One Financial comprises 3.6% of Bronte Capital Management Pty Ltd.’s portfolio, making the stock its 9th largest holding. Bronte Capital Management Pty Ltd.’s holdings in Capital One Financial were worth $34,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in Capital One Financial by 16.6% during the 3rd quarter. Victory Capital Management Inc. now owns 378,450 shares of the financial services provider’s stock worth $80,451,000 after purchasing an additional 53,961 shares during the last quarter. Swiss Life Asset Management Ltd raised its holdings in shares of Capital One Financial by 16.4% in the third quarter. Swiss Life Asset Management Ltd now owns 104,192 shares of the financial services provider’s stock valued at $22,149,000 after buying an additional 14,700 shares during the last quarter. Wealth Enhancement Trust Services Inc. purchased a new stake in shares of Capital One Financial in the fourth quarter valued at about $1,303,000. MKP Capital Management L.L.C. acquired a new stake in shares of Capital One Financial during the third quarter worth about $79,718,000. Finally, HighTower Advisors LLC grew its holdings in shares of Capital One Financial by 18.1% during the fourth quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock worth $85,739,000 after buying an additional 54,263 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE COF opened at $204.94 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The firm has a market capitalization of $127.53 billion, a P/E ratio of 71.91, a PEG ratio of 0.74 and a beta of 1.02. The company’s fifty day moving average is $191.01 and its two-hundred day moving average is $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 (EPS) 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 analysts’ expectations 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 for the quarter was up 52.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.06 EPS. Analysts forecast that Capital One Financial Corporation will post 19.53 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given 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 was Tuesday, May 19th. Capital One Financial’s dividend payout ratio (DPR) is presently 112.28%.

Analysts Set New Price Targets

COF has been the subject of several analyst reports. Barclays upped their price objective on Capital One Financial from $226.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a report on Wednesday, June 24th. Royal Bank Of Canada decreased their price target on Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $300.00 target price on shares of Capital One Financial in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.19.

Insider Activity at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total transaction of $643,755.00. Following the sale, the general counsel directly owned 97,194 shares in the company, valued at approximately $17,876,892.42. The trade was a 3.48% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the transaction, the insider owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. This represents a 2.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.78% 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.