Point72 Hong Kong Ltd Invests $816,000 in Capital One Financial Co. (NYSE:COF)

Point72 Hong Kong Ltd purchased a new stake in Capital One Financial Co. (NYSE:COF) during the 2nd quarter, HoldingsChannel reports. The fund purchased 5,891 shares of the financial services provider’s stock, valued at approximately $816,000.

A number of other large investors have also recently bought and sold shares of the stock. Capital Research Global Investors increased its position in shares of Capital One Financial by 72.8% during the 1st quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock worth $3,145,761,000 after purchasing an additional 8,900,241 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Capital One Financial by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock worth $517,184,000 after buying an additional 549,665 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Capital One Financial by 123.4% in the second quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock valued at $107,016,000 after acquiring an additional 427,000 shares during the last quarter. Capital World Investors boosted its holdings in shares of Capital One Financial by 2.1% in the 4th quarter. Capital World Investors now owns 14,991,564 shares of the financial services provider’s stock worth $1,965,761,000 after acquiring an additional 311,696 shares in the last quarter. Finally, Commerce Bank grew its position in Capital One Financial by 2,119.5% during the 1st quarter. Commerce Bank now owns 307,842 shares of the financial services provider’s stock worth $45,835,000 after acquiring an additional 293,972 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the transaction, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the sale, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the transaction, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Capital One Financial Stock Up 1.0 %

Capital One Financial stock opened at $147.78 on Friday. The company’s 50 day simple moving average is $142.58 and its 200 day simple moving average is $141.14. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $56.19 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.21 and a beta of 1.44. Capital One Financial Co. has a fifty-two week low of $88.23 and a fifty-two week high of $154.18.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The firm had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the company earned $3.52 EPS. Capital One Financial’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Capital One Financial Co. will post 12.91 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s payout ratio is currently 18.79%.

Wall Street Analysts Forecast Growth

COF has been the subject of several research analyst reports. Citigroup began coverage on Capital One Financial in a research report on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 price target on shares of Capital One Financial in a research report on Thursday, July 25th. JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, July 8th. Evercore ISI reduced their target price on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. Finally, BTIG Research assumed coverage on shares of Capital One Financial in a research note on Friday, June 7th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $147.21.

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.