Hudson Bay Capital Management LP Has $126.07 Million Stake in Capital One Financial Corporation $COF

by · The Cerbat Gem

Hudson Bay Capital Management LP lifted its stake in Capital One Financial Corporation (NYSE:COF – Free Report) by 8.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 592,523 shares of the financial services provider’s stock after acquiring an additional 45,109 shares during the period. Capital One Financial accounts for about 0.4% of Hudson Bay Capital Management LP’s investment portfolio, making the stock its 12th largest position. Hudson Bay Capital Management LP owned approximately 0.09% of Capital One Financial worth $126,065,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new stake in shares of Capital One Financial during the 1st quarter worth $25,000. Moisand Fitzgerald Tamayo LLC lifted its position in Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 62 shares during the last quarter. Olistico Wealth LLC boosted its holdings in Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 101 shares during the period. Saudi Central Bank acquired a new stake in shares of Capital One Financial in the first quarter valued at about $27,000. Finally, RMG Wealth Management LLC bought a new position in shares of Capital One Financial in the second quarter worth about $27,000. Institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on COF shares. Robert W. Baird increased their target price on Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Morgan Stanley upped their price target on Capital One Financial from $267.00 to $272.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Zacks Research downgraded shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Wolfe Research started coverage on shares of Capital One Financial in a research report on Monday, December 8th. They set an “outperform” rating and a $270.00 target price on the stock. Finally, Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and a consensus target price of $262.70.

Get Our Latest Analysis on COF

Insider Activity

In related news, insider Lia Dean sold 3,269 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $218.15, for a total transaction of $713,132.35. Following the completion of the transaction, the insider owned 69,855 shares in the company, valued at $15,238,868.25. This trade represents a 4.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Celia Karam sold 2,936 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $218.15, for a total value of $640,488.40. Following the completion of the sale, the insider owned 63,433 shares in the company, valued at $13,837,908.95. This trade represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 280,218 shares of company stock valued at $62,395,804. 1.26% of the stock is owned by company insiders.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $237.71 on Friday. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $243.31. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $217.78 and a 200 day simple moving average of $215.09. The firm has a market capitalization of $151.12 billion, a price-to-earnings ratio of 100.30, a PEG ratio of 0.57 and a beta of 1.16.

Capital One Financial (NYSE:COF – Get Free Report) last announced its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. The company had revenue of $15.46 billion during the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. Sell-side analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.3%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, November 17th. Capital One Financial’s dividend payout ratio (DPR) is currently 135.02%.

About Capital One Financial

(Free Report)

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

Recommended Stories