Capital One Financial Corporation $COF Shares Sold by Moore Capital Management LP

Moore Capital Management LP cut its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 21.5% in the third quarter, HoldingsChannel.com reports. The firm owned 241,073 shares of the financial services provider’s stock after selling 65,907 shares during the quarter. Capital One Financial accounts for about 0.7% of Moore Capital Management LP’s investment portfolio, making the stock its 25th largest holding. Moore Capital Management LP’s holdings in Capital One Financial were worth $51,247,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. lifted its position in Capital One Financial by 1.0% in the third quarter. Mather Group LLC. now owns 4,540 shares of the financial services provider’s stock valued at $965,000 after buying an additional 47 shares during the last quarter. Nicolet Advisory Services LLC boosted its stake in Capital One Financial by 0.7% during the third quarter. Nicolet Advisory Services LLC now owns 7,047 shares of the financial services provider’s stock worth $1,506,000 after buying an additional 48 shares during the period. Optas LLC increased its position in shares of Capital One Financial by 1.4% during the third quarter. Optas LLC now owns 3,484 shares of the financial services provider’s stock valued at $741,000 after acquiring an additional 49 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of Capital One Financial by 1.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 4,450 shares of the financial services provider’s stock valued at $946,000 after acquiring an additional 49 shares during the last quarter. Finally, Bridges Investment Management Inc. raised its stake in shares of Capital One Financial by 0.4% in the 3rd quarter. Bridges Investment Management Inc. now owns 11,251 shares of the financial services provider’s stock valued at $2,392,000 after acquiring an additional 49 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Wells Fargo & Company lifted their target price on shares of Capital One Financial from $265.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 5th. TD Cowen reissued a “buy” rating on shares of Capital One Financial in a research report on Thursday, January 8th. Evercore decreased their price target on Capital One Financial from $290.00 to $265.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 27th. Finally, Citigroup raised their price target on Capital One Financial from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, December 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $275.95.

Insider Buying and Selling

In other Capital One Financial news, insider Celia Karam sold 2,108 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $218.25, for a total value of $460,071.00. Following the completion of the transaction, the insider owned 59,269 shares in the company, valued at $12,935,459.25. This represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ravi Raghu sold 13,450 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $250.00, for a total value of $3,362,500.00. Following the transaction, the insider directly owned 30,337 shares in the company, valued at approximately $7,584,250. The trade was a 30.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 67,933 shares of company stock valued at $14,363,897 over the last ninety days. Company insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $180.54 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $259.64. The firm’s 50 day moving average is $214.21 and its two-hundred day moving average is $220.50. The firm has a market capitalization of $112.28 billion, a P/E ratio of 60.99, a P/E/G ratio of 0.54 and a beta of 1.14.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The company had revenue of $15.62 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter in the prior year, the firm posted $2.67 EPS. The firm’s quarterly revenue was up 53.3% compared to the same quarter last year. Research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were given a $0.80 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.8%. Capital One Financial’s payout ratio is 108.11%.

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.