Maverick Capital Ltd. Sells 47,941 Shares of Capital One Financial Corporation $COF

Maverick Capital Ltd. trimmed its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 3.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,248,456 shares of the financial services provider’s stock after selling 47,941 shares during the period. Capital One Financial makes up about 2.6% of Maverick Capital Ltd.’s investment portfolio, making the stock its 15th largest position. Maverick Capital Ltd.’s holdings in Capital One Financial were worth $227,756,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Quantinno Capital Management LP raised its holdings in shares of Capital One Financial by 14.1% in the 1st quarter. Quantinno Capital Management LP now owns 451,168 shares of the financial services provider’s stock valued at $82,307,000 after acquiring an additional 55,885 shares in the last quarter. Sculptor Capital LP purchased a new position in shares of Capital One Financial during the first quarter worth about $33,932,000. Gateway Wealth Partners LLC bought a new position in shares of Capital One Financial in the first quarter worth approximately $409,000. Weiss Asset Management LP bought a new position in shares of Capital One Financial in the first quarter worth approximately $3,620,000. Finally, Delta Global Management LP raised its stake in Capital One Financial by 18.8% in the first quarter. Delta Global Management LP now owns 267,837 shares of the financial services provider’s stock valued at $48,862,000 after purchasing an additional 42,378 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Trading Up 2.0%

Shares of COF opened at $206.86 on Tuesday. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The firm has a market cap of $128.73 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 0.75 and a beta of 1.02. The firm has a 50 day moving average price of $195.78 and a 200-day moving average price of $199.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. The company had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter last year, the firm earned $5.48 EPS. As a group, equities research analysts forecast that Capital One Financial Corporation will post 20.13 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were issued a $0.80 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s payout ratio is currently 19.80%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Celia Karam sold 1,749 shares of Capital One Financial stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the transaction, the insider directly owned 61,579 shares of the company’s stock, valued at $11,858,883.82. The trade was a 2.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the sale, the general counsel owned 90,194 shares of the company’s stock, valued at $18,760,352. The trade was a 3.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 8,749 shares of company stock valued at $1,708,577. 0.78% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on COF shares. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research note on Saturday. Bank of America dropped their price objective on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a report on Thursday, July 9th. UBS Group upped their target price on shares of Capital One Financial from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Rothschild & Co Redburn reduced their target price on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, Argus dropped their price target on Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Twenty analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $259.82.

Capital One Financial Company 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.