Capital One Financial Corporation $COF Shares Sold by Moore Capital Management LP

Key Points

• Moore Capital Management cut its stake in Capital One Financial by 20.3% in the fourth quarter, selling 48,910 shares and leaving it with 192,163 shares valued at about $46.6 million.
• Other major institutional investors showed mixed activity: Vanguard, Franklin Resources, Morgan Stanley, and others increased positions, and overall institutions own 89.84% of Capital One’s stock.
• Analysts remain mostly positive despite recent target cuts, with 17 Buy ratings and five Hold ratings; the consensus view is Moderate Buy with a target price of $258.75. Capital One also reported weaker-than-expected quarterly earnings and revenue, though it recently paid a $0.80 quarterly dividend.

Moore Capital Management LP lessened its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 20.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 192,163 shares of the financial services provider's stock after selling 48,910 shares during the quarter. Capital One Financial comprises about 0.7% of Moore Capital Management LP's holdings, making the stock its 18th largest holding. Moore Capital Management LP's holdings in Capital One Financial were worth $46,573,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Capital One Financial by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider's stock valued at $13,789,615,000 after purchasing an additional 360,071 shares during the last quarter. Franklin Resources Inc. grew its position in Capital One Financial by 5.4% in the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider's stock worth $3,023,795,000 after acquiring an additional 638,158 shares during the period. Morgan Stanley grew its position in Capital One Financial by 3.9% in the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider's stock worth $2,103,196,000 after acquiring an additional 323,350 shares during the period. Norges Bank purchased a new position in Capital One Financial in the fourth quarter worth approximately $2,089,803,000. Finally, Davis Selected Advisers grew its position in Capital One Financial by 2.8% in the fourth quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider's stock worth $2,087,878,000 after acquiring an additional 234,649 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on COF shares. JPMorgan Chase & Co. increased their price objective on Capital One Financial from $213.00 to $215.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group lowered their price objective on Capital One Financial from $300.00 to $260.00 and set a "buy" rating for the company in a research report on Tuesday, April 7th. TD Cowen lowered their price objective on Capital One Financial from $290.00 to $260.00 and set a "buy" rating for the company in a research report on Tuesday, March 31st. Evercore reduced their price target on shares of Capital One Financial from $265.00 to $222.00 and set an "outperform" rating on the stock in a research note on Monday, April 6th. Finally, Truist Financial reduced their price target on shares of Capital One Financial from $275.00 to $255.00 and set a "buy" rating on the stock in a research note on Thursday, April 23rd. Seventeen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.75.

Insider Transactions at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the firm's stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total transaction of $643,755.00. Following the completion of the transaction, the general counsel directly owned 97,194 shares in the company, valued at $17,876,892.42. This trade represents a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 1,692 shares of the firm's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total value of $314,052.12. Following the transaction, the insider owned 65,454 shares of the company's stock, valued at approximately $12,148,916.94. This represents a 2.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,040 shares of company stock worth $1,498,615 over the last ninety days. Company insiders own 0.78% of the company's stock.

Capital One Financial Trading Up 0.0%

COF opened at $200.69 on Thursday. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The business has a fifty day simple moving average of $190.09 and a 200-day simple moving average of $206.97. The firm has a market cap of $124.89 billion, a P/E ratio of 70.42, a P/E/G ratio of 0.72 and a beta of 1.03. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The firm had revenue of $15.23 billion for the quarter, compared to analysts' expectations of $15.68 billion. During the same quarter in the prior year, the business earned $4.06 earnings per share. The company's quarterly revenue was up 52.3% on a year-over-year basis. On average, equities analysts expect that Capital One Financial Corporation will post 19.51 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Capital One Financial's dividend payout ratio (DPR) is currently 112.28%.

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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