Brave Warrior Advisors LLC Decreases Stake in Capital One Financial Corporation $COF

Key Points

• Brave Warrior Advisors cut its stake in Capital One by 47.4%, selling 868,261 shares and finishing the quarter with 964,730 shares (about $205.1M), making COF roughly 4.8% of its portfolio.
• Capital One missed quarterly EPS at $3.86 versus $4.14 consensus despite revenue rising 53.3% YoY; the stock carries a market cap of $111.8B and an average analyst target of $274.70 ("Moderate Buy").
• Insiders have sold 67,933 shares (~$14.36M) in the past three months while institutional ownership is very high at 89.84%, with major funds like Vanguard and State Street substantially increasing positions.

Brave Warrior Advisors LLC lowered its position in shares of Capital One Financial Corporation (NYSE:COF) by 47.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 964,730 shares of the financial services provider's stock after selling 868,261 shares during the quarter. Capital One Financial accounts for approximately 4.8% of Brave Warrior Advisors LLC's investment portfolio, making the stock its 12th biggest holding. Brave Warrior Advisors LLC owned 0.15% of Capital One Financial worth $205,082,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COF. Vanguard Group Inc. increased its position in shares of Capital One Financial by 74.8% during the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider's stock valued at $11,995,603,000 after acquiring an additional 24,129,990 shares during the last quarter. State Street Corp boosted its position in Capital One Financial by 63.4% in the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider's stock worth $5,910,500,000 after purchasing an additional 10,776,843 shares during the last quarter. Norges Bank purchased a new position in Capital One Financial in the second quarter worth $1,701,511,000. Boston Partners bought a new position in Capital One Financial in the 2nd quarter valued at $534,777,000. Finally, Amundi increased its position in shares of Capital One Financial by 321.6% during the 2nd quarter. Amundi now owns 3,108,512 shares of the financial services provider's stock valued at $680,174,000 after purchasing an additional 2,371,214 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $250.00, for a total transaction of $500,000.00. Following the sale, the general counsel owned 92,486 shares of the company's stock, valued at $23,121,500. The trade was a 2.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lia Dean sold 3,284 shares of the stock in a transaction 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 owned 70,162 shares in the company, valued at approximately $15,693,836.16. This represents a 4.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 67,933 shares of company stock worth $14,363,897. Company insiders own 1.26% of the company's stock.

Capital One Financial Trading Up 1.3%

Shares of COF opened at $179.76 on Friday. The business has a 50-day moving average of $215.61 and a 200 day moving average of $220.86. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $259.64. The firm has a market cap of $111.80 billion, a P/E ratio of 60.73, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. Capital One Financial's quarterly revenue was up 53.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.67 EPS. As a group, research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on COF shares. The Goldman Sachs Group reiterated a "buy" rating and set a $300.00 target price on shares of Capital One Financial in a research note on Tuesday, January 6th. Zacks Research downgraded shares of Capital One Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, November 24th. TD Cowen reaffirmed a "buy" rating on shares of Capital One Financial in a research report on Thursday, January 8th. Morgan Stanley boosted their target price on shares of Capital One Financial from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, January 20th. Finally, Citigroup increased their target price on shares of Capital One Financial from $290.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, December 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $274.70.

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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