Boothbay Fund Management LLC Decreases Stock Position in Capital One Financial Corporation $COF

Boothbay Fund Management LLC cut its holdings in Capital One Financial Corporation (NYSE:COF) by 20.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 40,250 shares of the financial services provider’s stock after selling 10,101 shares during the quarter. Boothbay Fund Management LLC’s holdings in Capital One Financial were worth $9,755,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in COF. Norges Bank purchased a new stake in shares of Capital One Financial in the 4th quarter worth about $2,089,803,000. Capital International Investors increased its position in Capital One Financial by 107.9% during the 3rd quarter. Capital International Investors now owns 4,040,408 shares of the financial services provider’s stock worth $859,602,000 after purchasing an additional 2,097,208 shares in the last quarter. Viking Global Investors LP increased its position in Capital One Financial by 30.3% during the 3rd quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after purchasing an additional 1,717,148 shares in the last quarter. Bessemer Group Inc. increased its position in Capital One Financial by 7,143.2% during the 4th quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock worth $350,966,000 after purchasing an additional 1,428,133 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Capital One Financial by 12.8% during the 3rd quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock worth $2,516,587,000 after purchasing an additional 1,339,215 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

NYSE:COF opened at $200.69 on Thursday. The business’s 50-day moving average price is $190.09 and its 200 day moving average price is $206.97. The firm has a market cap of $124.89 billion, a P/E ratio of 70.42, a PEG ratio of 0.72 and a beta of 1.03. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The company had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.68 billion. During the same quarter last year, the business earned $4.06 EPS. The company’s revenue for the quarter was up 52.3% compared to the same quarter last year. As a group, sell-side analysts predict that Capital One Financial Corporation will post 19.51 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s payout ratio is currently 112.28%.

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total transaction of $643,755.00. Following the completion of the sale, the general counsel directly owned 97,194 shares in the company, valued at $17,876,892.42. The trade was a 3.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of Capital One Financial stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $192.58, for a total value of $336,822.42. Following the sale, the insider owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. This represents a 2.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,040 shares of company stock worth $1,498,615 in the last three months. 0.78% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on COF shares. Barclays increased their price objective on shares of Capital One Financial from $226.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. UBS Group lowered their price objective on shares of Capital One Financial from $283.00 to $270.00 in a research report on Wednesday, May 6th. Wells Fargo & Company lowered their price objective on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Royal Bank Of Canada lowered their price objective on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a research report on Friday, April 10th. Finally, JPMorgan Chase & Co. increased their target price on Capital One Financial from $213.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Seventeen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.75.

About Capital One Financial

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.