Delta Global Management LP Increases Position in Capital One Financial Corporation $COF

Delta Global Management LP grew its stake in shares of Capital One Financial Corporation (NYSE:COF) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 225,459 shares of the financial services provider’s stock after buying an additional 24,057 shares during the quarter. Capital One Financial accounts for approximately 2.5% of Delta Global Management LP’s portfolio, making the stock its 5th largest holding. Delta Global Management LP’s holdings in Capital One Financial were worth $54,642,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of COF. Oddo BHF Asset Management Sas grew its stake in shares of Capital One Financial by 28.8% in the fourth quarter. Oddo BHF Asset Management Sas now owns 18,060 shares of the financial services provider’s stock worth $4,377,000 after purchasing an additional 4,041 shares during the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of Capital One Financial in the fourth quarter worth about $20,592,000. Abound Financial LLC purchased a new stake in Capital One Financial in the fourth quarter worth about $299,000. L2 Asset Management LLC lifted its holdings in Capital One Financial by 7.1% in the fourth quarter. L2 Asset Management LLC now owns 3,183 shares of the financial services provider’s stock worth $771,000 after buying an additional 211 shares during the period. Finally, Avalon Global Asset Management LLC purchased a new stake in Capital One Financial in the fourth quarter worth about $6,059,000. 89.84% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Lia Dean sold 1,692 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total value of $314,052.12. Following the completion of the transaction, the insider owned 65,454 shares of the company’s stock, valued at approximately $12,148,916.94. This represents a 2.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total transaction of $643,755.00. Following the transaction, the general counsel directly owned 97,194 shares of the company’s stock, valued at $17,876,892.42. This trade represents a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,040 shares of company stock valued at $1,498,615 in the last 90 days. Company insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on COF. The Goldman Sachs Group lowered their price objective on shares of Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Wells Fargo & Company lowered their price objective on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Royal Bank Of Canada lowered their price objective on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a report on Friday, April 10th. BTIG Research restated a “buy” rating and issued a $224.00 price objective on shares of Capital One Financial in a report on Wednesday, April 22nd. Finally, Truist Financial lowered their price objective on shares of Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Seventeen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $258.75.

Capital One Financial Price Performance

Shares of NYSE COF opened at $194.58 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The firm has a market cap of $121.08 billion, a P/E ratio of 68.27, a PEG ratio of 0.66 and a beta of 1.03. The company has a 50 day moving average of $189.38 and a 200 day moving average of $207.20.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The company had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.68 billion. During the same period last year, the firm posted $4.06 EPS. The company’s revenue for the quarter was up 52.3% on a year-over-year basis. As a group, research analysts expect that Capital One Financial Corporation will post 19.51 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. Capital One Financial’s payout ratio is presently 112.28%.

Capital One Financial 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.