Capital One Financial Corporation $COF Shares Sold by 14B Captial Management LP

Key Points

• 14B Capital Management LP cut its stake in Capital One by 68.6% in Q3, selling 72,000 shares and retaining 33,000 shares worth about $7.02 million (4.1% of the fund; its 9th largest holding).
• Analyst sentiment is mixed but overall positive: the consensus rating is "Moderate Buy" with a $274.70 target, while individual price targets range from cuts (Evercore to $265) to raises (Morgan Stanley to $300).
• Recent results saw Capital One miss quarterly EPS ($3.86 vs. $4.14 estimate) despite revenue rising 53.3% YoY; the firm pays a $0.80 quarterly dividend (≈1.8% yield) and shares trade well below their 52-week high.

14B Captial Management LP reduced its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 68.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 33,000 shares of the financial services provider's stock after selling 72,000 shares during the quarter. Capital One Financial accounts for 4.1% of 14B Captial Management LP's investment portfolio, making the stock its 9th largest position. 14B Captial Management LP's holdings in Capital One Financial were worth $7,015,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Capital One Financial by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 56,537,167 shares of the financial services provider's stock valued at $12,018,671,000 after acquiring an additional 156,254 shares in the last quarter. State Street Corp lifted its position in shares of Capital One Financial by 63.4% during 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 in the last quarter. Franklin Resources Inc. lifted its position in shares of Capital One Financial by 12.8% during the third quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider's stock worth $2,516,587,000 after purchasing an additional 1,339,215 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Capital One Financial by 3.7% in the third quarter. Capital Research Global Investors now owns 8,426,060 shares of the financial services provider's stock valued at $1,791,264,000 after purchasing an additional 302,733 shares during the period. Finally, Norges Bank acquired a new position in shares of Capital One Financial in the second quarter valued at approximately $1,701,511,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on COF shares. Evercore cut their target price on shares of Capital One Financial from $290.00 to $265.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 27th. Wall Street Zen downgraded shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. Deutsche Bank Aktiengesellschaft cut their price objective on Capital One Financial from $263.00 to $256.00 and set a "hold" rating on the stock in a research report on Friday, January 23rd. Barclays reduced their price objective on Capital One Financial from $294.00 to $287.00 and set an "overweight" rating on the stock in a research note on Friday, January 23rd. Finally, Morgan Stanley boosted their target price on Capital One Financial from $280.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $274.70.

Capital One Financial Stock Performance

Shares of COF opened at $179.76 on Friday. The stock has a 50 day moving average price of $215.61 and a 200 day moving average price of $220.86. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $111.80 billion, a price-to-earnings ratio of 60.73, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $259.64.

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 earnings per share for the quarter, missing analysts' consensus estimates of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The firm's revenue for the quarter was up 53.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.67 EPS. Research 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. Investors of record on Thursday, February 19th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.8%. The ex-dividend date was Thursday, February 19th. Capital One Financial's dividend payout ratio (DPR) is currently 108.11%.

Insider Transactions at Capital One Financial

In related news, insider Jason P. Hanson sold 3,729 shares of the business's stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total value of $764,445.00. Following the completion of the sale, the insider directly owned 40,230 shares of the company's stock, valued at $8,247,150. The trade was a 8.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total value of $500,000.00. Following the transaction, the general counsel directly owned 92,486 shares in the company, valued at approximately $23,121,500. The trade was a 2.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 67,933 shares of company stock valued at $14,363,897 over the last quarter. 1.26% of the stock is owned by corporate 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.

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