Adirondack Capital Advisors LLC Takes $1.82 Million Position in Capital One Financial Corporation $COF

Key Points

• Adirondack Capital Advisors opened a new position in Capital One (COF) in Q4, buying 7,520 shares valued at about $1.82 million, which represents roughly 1.2% of the firm's holdings and COF's 18th largest holding.
• Capital One reported quarterly EPS of $4.42, missing the $5.08 consensus and posting revenue of $15.23 billion versus $15.68 billion expected, although revenue was up 52.3% year-over-year; analysts have a "Moderate Buy" consensus with an average target of $258.14.
• Insiders sold 49,688 shares worth about $9.62 million over the last quarter (insiders now own 0.78% of the company), while institutional investors hold approximately 89.84% of COF's stock.

Adirondack Capital Advisors LLC bought a new position in Capital One Financial Corporation (NYSE:COF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,520 shares of the financial services provider's stock, valued at approximately $1,823,000. Capital One Financial comprises approximately 1.2% of Adirondack Capital Advisors LLC's holdings, making the stock its 18th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of COF. Brighton Jones LLC raised its stake in shares of Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after acquiring an additional 10,428 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Capital One Financial by 44.3% in the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider's stock valued at $1,608,000 after purchasing an additional 2,753 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Capital One Financial by 118.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider's stock valued at $702,000 after purchasing an additional 1,788 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of Capital One Financial during the 2nd quarter valued at $218,000. Finally, Jump Financial LLC purchased a new position in Capital One Financial in the 2nd quarter worth $1,086,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Price Performance

Shares of COF stock opened at $190.08 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03. Capital One Financial Corporation has a fifty-two week low of $174.98 and a fifty-two week high of $259.64. The firm has a market cap of $118.22 billion, a P/E ratio of 66.70, a P/E/G ratio of 0.70 and a beta of 1.05. The business's 50 day moving average price is $190.44 and its 200-day moving average price is $213.44.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS 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 business had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. During the same quarter in the prior year, the company earned $4.06 EPS. Capital One Financial's revenue was up 52.3% compared to the same quarter last year. On average, equities research analysts anticipate that Capital One Financial Corporation will post 19.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on COF shares. JPMorgan Chase & Co. boosted their price target on shares of Capital One Financial from $213.00 to $215.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 22nd. HSBC reduced their price objective on Capital One Financial from $234.00 to $226.00 and set a "hold" rating on the stock in a research note on Tuesday, January 20th. The Goldman Sachs Group lowered their target price on Capital One Financial from $300.00 to $260.00 and set a "buy" rating for the company in a research note on Tuesday, April 7th. Wolfe Research dropped their target price on Capital One Financial from $294.00 to $280.00 and set an "outperform" rating for the company in a report on Friday, January 23rd. Finally, Barclays raised their price target on Capital One Financial from $226.00 to $250.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 22nd. Eighteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and a consensus target price of $258.14.

Insider Transactions at Capital One Financial

In other news, insider Lia Dean sold 3,284 shares of the business's stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total value of $734,565.12. Following the sale, the insider directly owned 70,162 shares of the company's stock, valued at $15,693,836.16. The trade was a 4.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Neal Blinde sold 38,135 shares of the business's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total value of $7,265,098.85. Following the completion of the sale, the insider directly owned 33,551 shares in the company, valued at $6,391,801.01. This trade represents a 53.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 49,688 shares of company stock worth $9,618,969 over the last quarter. Insiders own 0.78% of the company's stock.

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.

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