Lone Pine Capital 13F: Cuts COF Stake by $5.6M

Lone Pine Capital has trimmed its position in Capital One Financial Corporation (NYSE: COF), reducing its stake by 27,835 shares as of May 15, 2026. The fund now holds 2,267,056 shares valued at approximately $454.8 million. This change reflects a decrease of about 1.2% in Lone Pine's holdings.

What Changed in Lone Pine Capital's Capital One Position

Lone Pine Capital's reduction means that its total shares in Capital One Financial fell from 2,294,891 to 2,267,056. This decision comes as the fund adjusts its investment strategy in the financial services sector. The average cost basis for the shares was $174.81.

Other Institutional Activity in Capital One

Several other institutional investors also adjusted their positions in Capital One lately. Blackrock Inc. increased its holdings by 238,835 shares, bringing its total to 51,054,869 shares valued at about $10.25 billion. Vanguard Capital Management LLC added 137,728 shares, ending with 40,646,052 shares worth around $8.16 billion. State Street Corporation grew its stake with an additional 242,482 shares, totaling 27,797,298 shares valued at about $5.58 billion. JPMorgan Chase & Co. boosted its position by 430,414 shares, leading to a total of 17,785,818 shares worth approximately $3.57 billion, while Geode Capital Management, LLC added 67,179 shares for a total of 14,360,681 shares valued at about $2.88 billion.

Capital One Financial Corporation Stock Up 3.2%

Capital One shares were trading at $200.62 on the day of this report, which is slightly above the previous close of $194.35. The stock remains well below its 52-week high of $259.64, indicating potential room for growth, especially as analysts maintain positive ratings on the company.

Recent Earnings

In its latest earnings report, Capital One generated revenues of $48.11 billion, reflecting a revenue growth of 11.11% year-over-year. The company reported an EPS of $15.57 and a net margin of 21.87%. The next earnings announcement is scheduled for October 20, 2026.

Dividend

Capital One Financial offers a dividend yield of 1.61%, with a payout ratio of 19.27%. This consistent dividend payment highlights the company's commitment to returning value to its shareholders.

Insider Buying and Selling at Capital One Financial Corporation

Recent insider transactions include General Counsel Matthew W. Cooper selling 3,500 shares at an average price of $196.22 on October 6, 2026, totaling around $686,770. On September 15, Officer Lia Dean sold 2,066 shares for approximately $425,741, while another officer, Celia Edwards Karam, sold 2,017 shares for about $415,643 on the same day. Additionally, Cooper sold another 3,500 shares at $214.10 on September 1, 2026, valued at approximately $749,350.

Analysts Set New Price Targets

On October 12, 2026, JP Morgan maintained an Overweight rating for Capital One with a price target of $227, down from a previous target of $246. Morgan Stanley also maintained its Overweight rating with a target of $267, slightly reduced from $273. BMO Capital initiated coverage with a Market Perform rating and a $219 target, while TD Cowen maintained a Buy rating with a $242 target, adjusted from $253. Barclays kept its Overweight rating with a target of $237, down from $240.

About Capital One Financial Corporation

Capital One Financial Corporation is a financial services holding company based in McLean, VA. It provides a range of financial products and services in the U.S., Canada, and the U.K. The company operates through three segments: Credit Card, Consumer Banking, and Commercial Banking. This recent stake adjustment by Lone Pine sheds light on how institutional investors are navigating the current economic landscape.

Bottom Line

Investors should watch for upcoming earnings scheduled for October 20, 2026, and any further changes in institutional holdings as the next reporting period approaches. Remember, the 13F filing reflects positions as of the reporting date and may not represent current holdings.