Brevan Howard Capital Management LP Purchases 6,756 Shares of Capital One Financial Corporation $COF

Brevan Howard Capital Management LP boosted its position in Capital One Financial Corporation (NYSE:COF) by 72.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,115 shares of the financial services provider’s stock after buying an additional 6,756 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Capital One Financial were worth $3,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Capitolis Liquid Global Markets LLC purchased a new position in shares of Capital One Financial during the 3rd quarter valued at $30,420,000. Carter Financial Group INC. grew its stake in shares of Capital One Financial by 30.9% during the 3rd quarter. Carter Financial Group INC. now owns 1,625 shares of the financial services provider’s stock worth $345,000 after acquiring an additional 384 shares during the period. Clark Capital Management Group Inc. increased its holdings in Capital One Financial by 19.4% in the 3rd quarter. Clark Capital Management Group Inc. now owns 2,482 shares of the financial services provider’s stock worth $528,000 after acquiring an additional 404 shares during the last quarter. Community Bank N.A. bought a new stake in Capital One Financial in the 3rd quarter valued at about $69,000. Finally, Ausdal Financial Partners Inc. raised its stake in Capital One Financial by 170.4% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 6,730 shares of the financial services provider’s stock valued at $1,431,000 after acquiring an additional 4,241 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Stock Up 0.4%

Shares of COF opened at $180.54 on Tuesday. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $259.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a 50 day simple moving average of $214.21 and a two-hundred day simple moving average of $220.50. The firm has a market cap of $112.28 billion, a P/E ratio of 60.99, a P/E/G ratio of 0.54 and a beta of 1.14.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). The business had revenue of $15.62 billion for the quarter, compared to analysts’ expectations of $15.49 billion. Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The company’s revenue was up 53.3% compared to the same quarter last year. During the same period last year, the business posted $2.67 earnings per share. On average, analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

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

Insider Buying and Selling

In other news, insider Jason P. Hanson sold 3,729 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total transaction of $764,445.00. Following the transaction, the insider directly owned 40,230 shares of the company’s stock, valued at approximately $8,247,150. This trade represents a 8.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Celia Karam sold 2,108 shares of Capital One Financial stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $218.25, for a total value of $460,071.00. Following the completion of the transaction, the insider owned 59,269 shares in the company, valued at approximately $12,935,459.25. This represents a 3.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 67,933 shares of company stock worth $14,363,897 over the last 90 days. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a report on Monday, December 29th. Evercore lowered their price target on shares of Capital One Financial from $290.00 to $265.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 27th. Truist Financial dropped their price target on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Wall Street Zen downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $275.00 price objective on shares of Capital One Financial in a research note on Monday, January 12th. 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. Based on data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average price target of $275.95.

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.