Capital One Financial Corporation $COF is Bronte Capital Management Pty Ltd.'s 7th Largest Position

Key Points

• Bronte Capital cut its stake in Capital One by 33.5% in Q4 to 175,540 shares (about $42.54M), making COF its 7th-largest holding at 4.6% of the fund.
• Insiders sold a total of 46,404 shares (~$8.88M) last quarter — including Celia Karam and Neal Blinde — leaving company insiders with just 0.78% ownership.
• Capital One missed quarterly estimates (EPS $4.42 vs. $5.08 expected; revenue $15.23B vs. $15.68B) while analysts still show a "Moderate Buy" consensus with an average price target of $258.14 after several downward revisions.

Bronte Capital Management Pty Ltd. decreased its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 33.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,540 shares of the financial services provider's stock after selling 88,569 shares during the quarter. Capital One Financial makes up 4.6% of Bronte Capital Management Pty Ltd.'s portfolio, making the stock its 7th biggest holding. Bronte Capital Management Pty Ltd.'s holdings in Capital One Financial were worth $42,544,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cortland Associates Inc. MO purchased a new stake in shares of Capital One Financial during the third quarter worth about $14,391,000. Meridian Wealth Management LLC grew its position in shares of Capital One Financial by 334.8% during the third quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider's stock worth $1,999,000 after purchasing an additional 7,241 shares in the last quarter. National Pension Service grew its position in shares of Capital One Financial by 4.0% during the third quarter. National Pension Service now owns 1,552,736 shares of the financial services provider's stock worth $330,081,000 after purchasing an additional 59,100 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of Capital One Financial by 58.5% during the third quarter. B. Riley Wealth Advisors Inc. now owns 36,685 shares of the financial services provider's stock worth $7,798,000 after purchasing an additional 13,539 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Capital One Financial by 17.3% during the third quarter. Jones Financial Companies Lllp now owns 129,013 shares of the financial services provider's stock worth $28,861,000 after purchasing an additional 19,059 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Buying and Selling

In other news, insider Celia Karam sold 1,749 shares of the firm's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the sale, the insider directly owned 61,579 shares of the company's stock, valued at $11,858,883.82. This trade represents a 2.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Neal Blinde sold 38,135 shares of the firm's stock in a transaction that occurred on Tuesday, February 24th. The shares were 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 of the company's stock, valued at $6,391,801.01. The trade was a 53.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 46,404 shares of company stock valued at $8,884,404 over the last quarter. Company insiders own 0.78% of the company's stock.

Capital One Financial Price Performance

NYSE:COF opened at $189.70 on Wednesday. The firm has a market capitalization of $117.98 billion, a price-to-earnings ratio of 66.56, a PEG ratio of 0.69 and a beta of 1.05. Capital One Financial Corporation has a 1 year low of $174.98 and a 1 year high of $259.64. The business has a 50 day simple moving average of $190.07 and a 200-day simple moving average of $213.26. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03.

Capital One Financial (NYSE:COF - Get Free Report) 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 the consensus estimate of $5.08 by ($0.66). The company had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. Capital One Financial's revenue for the quarter was up 52.3% on a year-over-year basis. During the same period in the previous year, the business earned $4.06 earnings per share. Equities analysts forecast that Capital One Financial Corporation will post 19.17 EPS for the current year.

Analyst Ratings Changes

COF has been the subject of several research analyst reports. Rothschild & Co Redburn cut their target price on Capital One Financial from $290.00 to $275.00 and set a "buy" rating for the company in a research report on Wednesday, April 29th. Wolfe Research cut their target price on Capital One Financial from $294.00 to $280.00 and set an "outperform" rating for the company in a research report on Friday, January 23rd. HSBC cut their target price on Capital One Financial from $234.00 to $226.00 and set a "hold" rating for the company in a research report on Tuesday, January 20th. TD Cowen dropped their price target on Capital One Financial from $290.00 to $260.00 and set a "buy" rating for the company in a research note on Tuesday, March 31st. Finally, UBS Group dropped their price target on Capital One Financial from $286.00 to $283.00 and set a "buy" rating for the company in a research note on Tuesday, April 7th. Eighteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $258.14.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.