Discovery Capital Management LLC CT Makes New Investment in Capital One Financial Co. (NYSE:COF)

Discovery Capital Management LLC CT bought a new position in shares of Capital One Financial Co. (NYSE:COF) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 116,300 shares of the financial services provider’s stock, valued at approximately $20,739,000. Capital One Financial makes up about 1.4% of Discovery Capital Management LLC CT’s portfolio, making the stock its 24th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in COF. Principal Financial Group Inc. increased its holdings in Capital One Financial by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider’s stock worth $64,482,000 after purchasing an additional 17,825 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Capital One Financial by 4.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider’s stock valued at $8,234,000 after buying an additional 2,006 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in Capital One Financial in the 4th quarter valued at $46,915,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Capital One Financial by 9.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 250,696 shares of the financial services provider’s stock valued at $44,704,000 after buying an additional 22,063 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in Capital One Financial by 22.9% during the 4th quarter. Fifth Third Bancorp now owns 27,390 shares of the financial services provider’s stock valued at $4,884,000 after acquiring an additional 5,101 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Up 3.5 %

Capital One Financial stock opened at $179.59 on Tuesday. The firm has a market capitalization of $68.48 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 1.19 and a beta of 1.47. The firm has a 50 day simple moving average of $190.47 and a 200 day simple moving average of $178.22. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $210.67. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.31. The company had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.81 EPS. On average, analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.34%. Capital One Financial’s dividend payout ratio (DPR) is currently 20.71%.

Wall Street Analysts Forecast Growth

COF has been the subject of several analyst reports. Argus upgraded shares of Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. Robert W. Baird raised shares of Capital One Financial from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. Citigroup decreased their price target on Capital One Financial from $245.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, March 24th. UBS Group raised Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $168.00 to $235.00 in a research report on Monday, January 13th. Finally, Keefe, Bruyette & Woods raised their target price on Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and an average target price of $206.63.

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.