Zweig DiMenna Associates LLC Sells 15,750 Shares of Capital One Financial Corporation $COF

Zweig DiMenna Associates LLC lessened its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 33.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 30,750 shares of the financial services provider’s stock after selling 15,750 shares during the period. Zweig DiMenna Associates LLC’s holdings in Capital One Financial were worth $7,453,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of COF. Capital International Investors increased its stake 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 valued at $859,602,000 after purchasing an additional 2,097,208 shares in the last quarter. Viking Global Investors LP increased its stake 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 valued at $1,570,649,000 after purchasing an additional 1,717,148 shares in the last quarter. Bessemer Group Inc. increased its stake 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 valued at $350,966,000 after purchasing an additional 1,428,133 shares in the last quarter. Franklin Resources Inc. increased its stake 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 valued at $2,516,587,000 after purchasing an additional 1,339,215 shares in the last quarter. Finally, Waverton Investment Management Ltd increased its stake in Capital One Financial by 1,390.9% during the 3rd quarter. Waverton Investment Management Ltd now owns 1,181,834 shares of the financial services provider’s stock valued at $251,323,000 after purchasing an additional 1,102,563 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

COF opened at $188.06 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $117.03 billion, a price-to-earnings ratio of 65.98, a P/E/G ratio of 0.69 and a beta of 1.05. The firm’s fifty day moving average price is $189.11 and its two-hundred day moving average price is $209.36. Capital One Financial Corporation has a 1 year low of $174.98 and a 1 year high of $259.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The firm had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.Capital One Financial’s revenue was up 52.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.06 earnings per share. As a group, analysts anticipate that Capital One Financial Corporation will post 19.14 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Capital One Financial’s payout ratio is 112.28%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Capital One Financial from $213.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. BTIG Research restated a “buy” rating and set a $224.00 price target on shares of Capital One Financial in a research note on Wednesday, April 22nd. Evercore cut their price objective on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. Argus cut their price objective on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Finally, Barclays lifted their price objective on shares of Capital One Financial from $226.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Seventeen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $258.75.

Insider Buying and Selling

In related news, insider Lia Dean sold 1,692 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total value of $314,052.12. Following the transaction, the insider directly owned 65,454 shares of the company’s stock, valued at approximately $12,148,916.94. The trade was a 2.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the completion of the transaction, the insider directly owned 61,579 shares in the company, valued at $11,858,883.82. This trade represents a 2.76% decrease in their ownership of the stock. 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 ninety days, insiders have sold 8,040 shares of company stock valued at $1,498,615. 0.78% of the stock is owned by insiders.

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.