Discovery Capital Management LLC CT Takes $20.74 Million Position in Capital One Financial Co. (NYSE:COF)

Discovery Capital Management LLC CT bought a new position in Capital One Financial Co. (NYSE:COF - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 116,300 shares of the financial services provider's stock, valued at approximately $20,739,000. Capital One Financial accounts for about 1.4% of Discovery Capital Management LLC CT's investment portfolio, making the stock its 24th biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Norden Group LLC increased its stake in shares of Capital One Financial by 2.6% in the fourth quarter. Norden Group LLC now owns 2,010 shares of the financial services provider's stock worth $358,000 after purchasing an additional 51 shares in the last quarter. Catalyst Financial Partners LLC increased its stake in Capital One Financial by 3.9% in the 4th quarter. Catalyst Financial Partners LLC now owns 1,428 shares of the financial services provider's stock worth $255,000 after buying an additional 54 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its stake in shares of Capital One Financial by 3.3% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider's stock worth $317,000 after acquiring an additional 56 shares during the period. TFB Advisors LLC grew its position in shares of Capital One Financial by 4.1% during the fourth quarter. TFB Advisors LLC now owns 1,488 shares of the financial services provider's stock worth $265,000 after purchasing an additional 59 shares in the last quarter. Finally, Family Legacy Inc. lifted its holdings in Capital One Financial by 0.8% in the 4th quarter. Family Legacy Inc. now owns 7,980 shares of the financial services provider's stock worth $1,438,000 after purchasing an additional 60 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Citigroup lowered their target price on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, March 24th. HSBC upgraded Capital One Financial from a "reduce" rating to a "hold" rating and set a $176.00 price objective for the company in a research report on Tuesday, January 14th. Truist Financial decreased their target price on Capital One Financial from $257.00 to $215.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Royal Bank of Canada raised their price target on Capital One Financial from $190.00 to $200.00 and gave the company a "sector perform" rating in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. upped their price objective on Capital One Financial from $162.00 to $186.00 and gave the stock a "neutral" rating in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus target price of $207.80.

Capital One Financial Trading Down 8.4 %

NYSE:COF traded down $13.85 during mid-day trading on Friday, hitting $150.19. 11,070,166 shares of the stock traded hands, compared to its average volume of 2,937,384. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $210.67. The stock has a market capitalization of $57.29 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 1.19 and a beta of 1.24. The firm's 50 day moving average is $187.92 and its two-hundred day moving average is $178.49.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm had revenue of $10.19 billion for the quarter, compared to analysts' expectations of $10.22 billion. During the same quarter in the prior year, the firm posted $2.81 earnings per share. The company's quarterly revenue was up 7.2% on a year-over-year basis. On average, equities research analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial's dividend payout ratio is currently 20.71%.

Capital One Financial Company Profile

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.