Alliancebernstein L.P. Grows Stake in Capital One Financial Corporation $COF

Key Points

• AllianceBernstein L.P. raised its stake in Capital One by 13.3% to 2,232,347 shares (about $474.6 million), representing roughly 0.35% of the company.
• Capital One missed quarterly EPS ($3.86 vs. $4.14 consensus) even as revenue grew 53.3% year-over-year; analysts' consensus is a "Moderate Buy" with a $274.70 price target amid mixed recent price-target revisions.
• Insiders have been net sellers, disposing of 67,933 shares worth $14.36 million over the past 90 days (including recent sales by the General Counsel and Celia Karam), leaving insiders with about 1.26% ownership.

Alliancebernstein L.P. raised its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 13.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,232,347 shares of the financial services provider's stock after buying an additional 262,686 shares during the quarter. Alliancebernstein L.P. owned about 0.35% of Capital One Financial worth $474,552,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Howard Hughes Medical Institute bought a new stake in shares of Capital One Financial during the 2nd quarter valued at about $29,000. WFA of San Diego LLC purchased a new position in shares of Capital One Financial during the 2nd quarter worth approximately $32,000. Crowley Wealth Management Inc. purchased a new position in shares of Capital One Financial during the 3rd quarter worth approximately $33,000. Wolff Wiese Magana LLC raised its position in shares of Capital One Financial by 41.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 195 shares of the financial services provider's stock worth $41,000 after acquiring an additional 57 shares in the last quarter. Finally, Bell Investment Advisors Inc raised its position in shares of Capital One Financial by 86.9% in the 2nd quarter. Bell Investment Advisors Inc now owns 200 shares of the financial services provider's stock worth $43,000 after acquiring an additional 93 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on COF. Jefferies Financial Group lifted their price target on Capital One Financial from $265.00 to $275.00 and gave the company a "buy" rating in a research report on Wednesday, December 10th. HSBC decreased their price objective on Capital One Financial from $234.00 to $226.00 and set a "hold" rating for the company in a report on Tuesday, January 20th. TD Cowen restated a "buy" rating on shares of Capital One Financial in a report on Thursday, January 8th. JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $237.00 to $256.00 and gave the stock a "neutral" rating in a research report on Monday, January 12th. Finally, Barclays decreased their price target on shares of Capital One Financial from $294.00 to $287.00 and set an "overweight" rating for the company in a research note on Friday, January 23rd. 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 company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $274.70.

Insider Activity

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $250.00, for a total value of $500,000.00. Following the sale, the general counsel owned 92,486 shares in the company, valued at approximately $23,121,500. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Celia Karam sold 2,108 shares of Capital One Financial stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $218.25, for a total transaction of $460,071.00. Following the completion of the sale, the insider directly owned 59,269 shares of the company's stock, valued at approximately $12,935,459.25. This trade represents a 3.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 67,933 shares of company stock worth $14,363,897. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Stock Up 1.3%

Capital One Financial stock opened at $179.76 on Monday. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $259.64. The stock has a fifty day simple moving average of $215.61 and a two-hundred day simple moving average of $220.83. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. The firm has a market cap of $111.80 billion, a price-to-earnings ratio of 60.73, a PEG ratio of 0.54 and a beta of 1.14.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. During the same period in the prior year, the company earned $2.67 EPS. The firm's quarterly revenue was up 53.3% compared to the same quarter last year. Equities analysts predict 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. Stockholders of record on Thursday, February 19th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, February 19th. Capital One Financial's dividend payout ratio (DPR) is presently 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.

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