Fernbridge Capital Management LP Has $43.73 Million Stock Holdings in Capital One Financial Corporation $COF

Fernbridge Capital Management LP increased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 13.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,687 shares of the financial services provider’s stock after buying an additional 24,905 shares during the quarter. Capital One Financial accounts for approximately 2.1% of Fernbridge Capital Management LP’s holdings, making the stock its 14th biggest position. Fernbridge Capital Management LP’s holdings in Capital One Financial were worth $43,725,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Howard Hughes Medical Institute acquired a new stake in Capital One Financial during the 2nd quarter worth about $29,000. WFA of San Diego LLC acquired a new position in shares of Capital One Financial in the 2nd quarter valued at about $32,000. Crowley Wealth Management Inc. purchased a new stake in shares of Capital One Financial in the third quarter worth approximately $33,000. Wolff Wiese Magana LLC boosted its holdings in shares of Capital One Financial by 41.3% during the third quarter. Wolff Wiese Magana LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 57 shares during the period. Finally, Bell Investment Advisors Inc boosted its holdings in shares of Capital One Financial by 86.9% during the second quarter. Bell Investment Advisors Inc now owns 200 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 93 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

COF stock opened at $179.76 on Friday. The firm has a 50 day moving average of $215.61 and a two-hundred day moving average of $220.89. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $259.64. The company has a market capitalization of $111.80 billion, a price-to-earnings ratio of 60.73, a P/E/G ratio of 0.53 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 (NYSE:COF) last released its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The company’s revenue for the quarter was up 53.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.67 EPS. As a group, equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.8%. The ex-dividend date was Thursday, February 19th. Capital One Financial’s dividend payout ratio (DPR) is 108.11%.

Insider Buying and Selling

In related news, insider Lia Dean sold 3,284 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total value of $734,565.12. Following the completion of the sale, the insider directly owned 70,162 shares in the company, valued at approximately $15,693,836.16. The trade was a 4.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jason P. Hanson sold 3,729 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total value of $764,445.00. Following the sale, the insider directly owned 40,230 shares of the company’s stock, valued at $8,247,150. The trade was a 8.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 67,933 shares of company stock valued at $14,363,897. 1.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on COF shares. Keefe, Bruyette & Woods upped their price objective on shares of Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, January 2nd. Zacks Research cut shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a research note on Monday, December 29th. Wolfe Research cut their price objective on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating for the company in a report on Friday, January 23rd. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $300.00 price objective on shares of Capital One Financial in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus price target of $274.70.

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.