Jupiter Topco LLC Invests $464.34 Million in Capital One Financial Corporation $COF

Jupiter Topco LLC acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,314,665 shares of the financial services provider’s stock, valued at approximately $464,338,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Command Advisory Services Inc. grew its holdings in shares of Capital One Financial by 4.5% during the fourth quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider’s stock valued at $259,000 after buying an additional 46 shares during the last quarter. Dogwood Wealth Management LLC raised its holdings in Capital One Financial by 26.0% in the 4th quarter. Dogwood Wealth Management LLC now owns 228 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 47 shares during the last quarter. High Note Wealth LLC raised its holdings in Capital One Financial by 44.9% in the 4th quarter. High Note Wealth LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 48 shares during the last quarter. Fiducient Advisors LLC lifted its position in Capital One Financial by 4.2% in the 4th quarter. Fiducient Advisors LLC now owns 1,196 shares of the financial services provider’s stock valued at $290,000 after acquiring an additional 48 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. boosted its stake in Capital One Financial by 5.0% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 1,057 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 50 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Insider Activity

In other Capital One Financial news, insider Ravi Raghu sold 9,726 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the completion of the sale, the insider directly owned 26,328 shares of the company’s stock, valued at approximately $5,523,087.84. This represents a 26.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,888 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $425,781.76. Following the completion of the transaction, the insider owned 59,708 shares in the company, valued at $13,465,348.16. The trade was a 3.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 26,267 shares of company stock worth $5,617,648. Company insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

COF has been the subject of a number of research analyst reports. Citigroup reduced their target price on Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. JPMorgan Chase & Co. increased their price objective on Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. BTIG Research lifted their price objective on Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. UBS Group boosted their target price on Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, Piper Sandler started coverage on shares of Capital One Financial in a research note on Monday, June 29th. They set an “overweight” rating and a $254.00 target price on the stock. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $258.91.

Capital One Financial Price Performance

Shares of COF opened at $216.29 on Wednesday. The firm has a fifty day simple moving average of $209.40 and a two-hundred day simple moving average of $197.91. The firm has a market cap of $132.69 billion, a PE ratio of 13.38, a P/E/G ratio of 0.79 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. 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 released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. During the same period last year, the business posted $5.48 EPS. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. On average, equities analysts anticipate that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Dividend Announcement

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

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.