Lone Pine Capital LLC Acquires Shares of 3,235,823 Capital One Financial Co. (NYSE:COF)

Lone Pine Capital LLC acquired a new stake in shares of Capital One Financial Co. (NYSE:COF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,235,823 shares of the financial services provider's stock, valued at approximately $577,012,000. Capital One Financial makes up 4.3% of Lone Pine Capital LLC's investment portfolio, making the stock its 12th largest position. Lone Pine Capital LLC owned approximately 0.85% of Capital One Financial at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in COF. Lido Advisors LLC boosted its stake in shares of Capital One Financial by 68.3% during the fourth quarter. Lido Advisors LLC now owns 11,577 shares of the financial services provider's stock valued at $2,064,000 after purchasing an additional 4,697 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Capital One Financial by 21.8% during the fourth quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock valued at $790,564,000 after purchasing an additional 793,765 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Capital One Financial by 0.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 230,837 shares of the financial services provider's stock worth $41,163,000 after acquiring an additional 904 shares during the period. Beacon Pointe Advisors LLC lifted its stake in shares of Capital One Financial by 8.9% in the fourth quarter. Beacon Pointe Advisors LLC now owns 34,781 shares of the financial services provider's stock worth $6,202,000 after acquiring an additional 2,839 shares during the period. Finally, Quarry LP lifted its stake in shares of Capital One Financial by 317.1% in the fourth quarter. Quarry LP now owns 317 shares of the financial services provider's stock worth $57,000 after acquiring an additional 241 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Trading Down 1.2 %

NYSE COF opened at $182.83 on Monday. The business has a 50 day moving average price of $175.76 and a 200-day moving average price of $180.72. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $210.67. The company has a market cap of $69.75 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 1.19 and a beta of 1.24. 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 (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. As a group, equities analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.31%. Capital One Financial's dividend payout ratio is currently 20.15%.

Analyst Upgrades and Downgrades

COF has been the topic of a number of recent analyst reports. Truist Financial lifted their price objective on Capital One Financial from $215.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday. JPMorgan Chase & Co. cut their price objective on Capital One Financial from $198.00 to $170.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird raised Capital One Financial from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $190.00 to $200.00 in a research note on Tuesday, March 11th. Wells Fargo & Company lifted their price objective on Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Argus raised Capital One Financial to a "strong-buy" rating in a research note on Thursday, January 23rd. Four investment 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.73.

Capital One Financial 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.

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