Bornite Capital Management LP Purchases Shares of 100,000 Capital One Financial Corporation $COF

Bornite Capital Management LP bought a new position in Capital One Financial Corporation (NYSE:COF) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 100,000 shares of the financial services provider’s stock, valued at approximately $21,258,000. Capital One Financial accounts for about 2.0% of Bornite Capital Management LP’s holdings, making the stock its 23rd largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of COF. FNY Investment Advisers LLC bought a new position in Capital One Financial in the 2nd quarter worth approximately $28,000. Solstein Capital LLC purchased a new stake in Capital One Financial in the 2nd quarter worth $28,000. Roble Belko & Company Inc bought a new stake in shares of Capital One Financial in the second quarter worth about $28,000. Howard Hughes Medical Institute bought a new position in Capital One Financial during the second quarter valued at approximately $29,000. Finally, Washington Trust Advisors Inc. grew its holdings in Capital One Financial by 113.4% during the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the financial services provider’s stock valued at $30,000 after buying an additional 76 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Celia Karam sold 2,936 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $218.15, for a total value of $640,488.40. Following the sale, the insider owned 63,433 shares in the company, valued at $13,837,908.95. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ravi Raghu sold 13,450 shares of Capital One Financial stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $250.00, for a total value of $3,362,500.00. Following the transaction, the insider owned 30,337 shares of the company’s stock, valued at approximately $7,584,250. This represents a 30.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 34,274 shares of company stock worth $8,131,054. Corporate insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on COF shares. Keefe, Bruyette & Woods increased their target price on Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, January 2nd. Royal Bank Of Canada reiterated a “sector perform” rating and set a $275.00 price objective on shares of Capital One Financial in a research report on Monday, January 12th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $300.00 price target on shares of Capital One Financial in a report on Tuesday, January 6th. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $237.00 to $256.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Finally, Morgan Stanley upped their price target on shares of Capital One Financial from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average target price of $274.70.

Capital One Financial Trading Up 1.7%

NYSE COF opened at $210.23 on Thursday. The company has a 50 day moving average price of $232.85 and a 200 day moving average price of $223.46. The firm has a market cap of $133.65 billion, a PE ratio of 71.03, a price-to-earnings-growth ratio of 0.61 and a beta of 1.14. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $259.64.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). The company had revenue of $15.62 billion during the quarter, compared to analysts’ expectations of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The business’s revenue for the quarter was up 53.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.67 earnings per share. As a group, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is currently 108.11%.

About Capital One Financial

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.