Suvretta Capital Management LLC Takes Position in Capital One Financial Co. (NYSE:COF)

Suvretta Capital Management LLC acquired a new stake in shares of Capital One Financial Co. (NYSE:COFFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 235,600 shares of the financial services provider’s stock, valued at approximately $35,276,000. Suvretta Capital Management LLC owned approximately 0.06% of Capital One Financial as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in COF. LRI Investments LLC bought a new position in shares of Capital One Financial during the 1st quarter valued at $25,000. Y.D. More Investments Ltd acquired a new position in Capital One Financial during the second quarter worth $28,000. Hobbs Group Advisors LLC bought a new position in Capital One Financial during the second quarter valued at about $29,000. Unique Wealth Strategies LLC acquired a new stake in shares of Capital One Financial in the second quarter worth about $36,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Capital One Financial during the 3rd quarter worth about $36,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

NYSE:COF opened at $191.29 on Friday. The firm has a market capitalization of $72.98 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 1.40 and a beta of 1.43. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. Capital One Financial Co. has a 12-month low of $106.14 and a 12-month high of $198.30. The firm has a 50-day moving average price of $165.78 and a 200 day moving average price of $149.10.

Capital One Financial (NYSE:COFGet Free Report) last issued its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. Capital One Financial’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.45 EPS. Research analysts anticipate that Capital One Financial Co. will post 13.54 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s payout ratio is 22.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on COF shares. Robert W. Baird boosted their target price on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Barclays upped their price objective on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Evercore ISI lifted their target price on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Royal Bank of Canada raised their price target on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Finally, Citigroup initiated coverage on Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Capital One Financial has a consensus rating of “Hold” and an average price target of $160.18.

Read Our Latest Report on Capital One Financial

Insider Buying and Selling

In related news, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the completion of the sale, the insider now directly owns 44,711 shares of the company’s stock, valued at $7,153,760. This trade represents a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the transaction, the insider now directly owns 26,482 shares in the company, valued at approximately $5,038,465.32. This represents a 28.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,007 shares of company stock worth $4,982,647 in the last quarter. 1.30% of the stock is owned by corporate insiders.

Capital One Financial Profile

(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.

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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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