Sculptor Capital LP Makes New $37.31 Million Investment in Capital One Financial Corporation $COF

Sculptor Capital LP acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 186,000 shares of the financial services provider’s stock, valued at approximately $37,315,000.

Several other large investors have also made changes to their positions in COF. Norges Bank acquired a new stake in Capital One Financial during the fourth quarter worth about $2,089,803,000. Legal & General Group Plc acquired a new position in Capital One Financial in the second quarter valued at approximately $680,983,000. Canada Pension Plan Investment Board acquired a new position in Capital One Financial in the second quarter valued at approximately $482,718,000. Jupiter Topco LLC purchased a new stake in Capital One Financial in the 2nd quarter worth approximately $464,338,000. Finally, W1M Asset Management Ltd purchased a new stake in Capital One Financial in the 2nd quarter worth approximately $368,652,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

Capital One Financial stock opened at $216.29 on Wednesday. The stock has a market capitalization of $132.69 billion, a P/E ratio of 13.38, a P/E/G ratio of 0.79 and a beta of 1.02. The company’s fifty day moving average price is $209.40 and its 200 day moving average price is $197.91. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. The company had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the prior year, the business posted $5.48 earnings per share. As a group, equities research analysts anticipate that Capital One Financial Corporation will post 20.29 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, August 17th. Capital One Financial’s dividend payout ratio is 19.80%.

Insider Activity

In related news, insider Ravi Raghu sold 9,726 shares of Capital One Financial stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following the sale, the insider directly owned 26,328 shares in the company, valued at approximately $5,523,087.84. The trade was a 26.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total value of $735,757.00. Following the sale, the chief accounting officer owned 7,429 shares of the company’s stock, valued at approximately $1,567,519. This trade represents a 31.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 26,267 shares of company stock worth $5,617,648. Company insiders own 0.78% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the subject of several recent research reports. Wolfe Research lifted their target price on shares of Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday. TD Cowen lowered their price target on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. BTIG Research raised their price target on shares of Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Weiss Ratings raised shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Twenty-one analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.91.

Capital One Financial Company 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.