Capital One Financial Corporation $COF Shares Sold by Peregrine Asset Advisers Inc.

Key Points

• Peregrine Asset Advisers cut its stake in Capital One by 97.3% in Q4, selling 36,082 shares and leaving it with 994 shares valued at about $241,000.
• Capital One posted an earnings miss (Q: EPS $4.42 vs. $5.08 expected; revenue $15.23B vs. $15.68B expected) while analysts maintain a consensus "Moderate Buy" with an average price target of $258.14.
• Company insiders have been net sellers recently — Neal Blinde sold 38,135 shares (~$7.27M) and insiders sold a total of 47,939 shares (~$9.28M) over the last 90 days, with insiders now owning about 0.78% of the stock.

Peregrine Asset Advisers Inc. lessened its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 97.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 994 shares of the financial services provider's stock after selling 36,082 shares during the quarter. Peregrine Asset Advisers Inc.'s holdings in Capital One Financial were worth $241,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Tompkins Financial Corp grew its stake in Capital One Financial by 4.3% during the 4th quarter. Tompkins Financial Corp now owns 977 shares of the financial services provider's stock valued at $237,000 after purchasing an additional 40 shares in the last quarter. Focus Financial Network Inc. grew its stake in Capital One Financial by 2.8% during the 4th quarter. Focus Financial Network Inc. now owns 1,570 shares of the financial services provider's stock valued at $380,000 after purchasing an additional 43 shares in the last quarter. Stephens Consulting LLC grew its stake in Capital One Financial by 10.3% during the 4th quarter. Stephens Consulting LLC now owns 504 shares of the financial services provider's stock valued at $122,000 after purchasing an additional 47 shares in the last quarter. Nicolet Advisory Services LLC grew its stake in Capital One Financial by 0.7% during the 3rd quarter. Nicolet Advisory Services LLC now owns 7,047 shares of the financial services provider's stock valued at $1,506,000 after purchasing an additional 48 shares in the last quarter. Finally, Pflug Koory LLC grew its stake in Capital One Financial by 1.6% during the 4th quarter. Pflug Koory LLC now owns 3,086 shares of the financial services provider's stock valued at $748,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Stock Down 0.0%

Shares of Capital One Financial stock opened at $191.87 on Monday. The business's fifty day moving average price is $190.44 and its two-hundred day moving average price is $213.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $119.33 billion, a P/E ratio of 67.32, a PEG ratio of 0.70 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.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing the consensus estimate of $5.08 by ($0.66). The business had revenue of $15.23 billion for 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%. The firm's revenue was up 52.3% on a year-over-year basis. During the same period in the previous year, the firm earned $4.06 EPS. As a group, research analysts forecast that Capital One Financial Corporation will post 19.17 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.7%. Capital One Financial's payout ratio is presently 112.28%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on COF shares. Weiss Ratings restated a "hold (c)" rating on shares of Capital One Financial in a research note on Friday, March 27th. JPMorgan Chase & Co. lifted their target price 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. Rothschild & Co Redburn decreased 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. Argus decreased their target price on Capital One Financial from $260.00 to $250.00 and set a "buy" rating for the company in a research report on Thursday, April 23rd. Finally, Barclays lifted their target price on Capital One Financial from $226.00 to $250.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 22nd. Eighteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $258.14.

Insiders Place Their Bets

In other Capital One Financial news, insider Neal Blinde sold 38,135 shares of Capital One Financial stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the sale, the insider owned 33,551 shares of the company's stock, valued at $6,391,801.01. The trade was a 53.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jason P. Hanson sold 3,729 shares of Capital One Financial 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 sale, the insider directly owned 40,230 shares in the company, valued at $8,247,150. The trade was a 8.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 47,939 shares of company stock worth $9,282,146 over the last 90 days. Insiders own 0.78% of the company's stock.

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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