Moore Capital Management LP Decreases Stock Position in Capital One Financial Corporation $COF

Moore Capital Management LP cut its stake in Capital One Financial Corporation (NYSE:COF) by 20.3% in the fourth quarter, HoldingsChannel reports. The firm owned 192,163 shares of the financial services provider’s stock after selling 48,910 shares during the quarter. Capital One Financial makes up about 0.7% of Moore Capital Management LP’s investment portfolio, making the stock its 18th biggest position. Moore Capital Management LP’s holdings in Capital One Financial were worth $46,573,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. IHT Wealth Management LLC lifted its holdings in Capital One Financial by 11.4% during the 4th quarter. IHT Wealth Management LLC now owns 4,933 shares of the financial services provider’s stock worth $1,195,000 after buying an additional 504 shares during the last quarter. Investor AB purchased a new stake in Capital One Financial during the 4th quarter worth about $1,212,000. Interval Partners LP lifted its holdings in Capital One Financial by 43.9% during the 4th quarter. Interval Partners LP now owns 82,574 shares of the financial services provider’s stock worth $20,013,000 after buying an additional 25,189 shares during the last quarter. Investment Management Corp of Ontario lifted its holdings in Capital One Financial by 3.7% during the 4th quarter. Investment Management Corp of Ontario now owns 72,511 shares of the financial services provider’s stock worth $17,574,000 after buying an additional 2,619 shares during the last quarter. Finally, Gotham Asset Management LLC lifted its holdings in Capital One Financial by 3.6% during the 4th quarter. Gotham Asset Management LLC now owns 16,299 shares of the financial services provider’s stock worth $3,950,000 after buying an additional 566 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Wells Fargo & Company decreased their price target on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. UBS Group decreased their price target on Capital One Financial from $283.00 to $270.00 in a report on Wednesday, May 6th. The Goldman Sachs Group decreased their price target on Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Finally, TD Cowen decreased their price target on Capital One Financial from $290.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. Seventeen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus price target of $258.75.

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total value of $643,755.00. Following the completion of the sale, the general counsel directly owned 97,194 shares of the company’s stock, valued at approximately $17,876,892.42. The trade was a 3.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 the business’s 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 completion of the transaction, the insider owned 61,579 shares in the company, valued at $11,858,883.82. This trade represents a 2.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 8,040 shares of company stock valued at $1,498,615. Insiders own 0.78% of the company’s stock.

Capital One Financial Stock Up 0.0%

Capital One Financial stock opened at $200.69 on Thursday. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $124.89 billion, a P/E ratio of 70.42, a PEG ratio of 0.72 and a beta of 1.03. The stock has a 50-day simple moving average of $190.09 and a 200-day simple moving average of $206.97.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.68 billion. During the same period in the previous year, the firm posted $4.06 earnings per share. The firm’s revenue for the quarter was up 52.3% on a year-over-year basis. Equities research analysts expect that Capital One Financial Corporation will post 19.51 earnings per share for the current year.

Capital One Financial Announces Dividend

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

Capital One Financial Profile

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.