Horizon Investments LLC Sells 5,782 Shares of Capital One Financial Corporation $COF

Key Points

• Horizon Investments cut its stake in Capital One by 22.1%, selling 5,782 shares and leaving 20,365 shares valued at about $4.94 million per its latest SEC filing.
• Insiders have been net sellers, disposing of 47,939 shares worth $9.28 million in the past 90 days (notable sales: Celia Karam and Neal Blinde); insiders now own roughly 0.78% of the company.
• Recent financials and payout: Capital One missed Q results (EPS $4.42 vs. $5.08 expected; revenue $15.23B vs. $15.68B expected), the stock opened at $191.87 with a $119.3B market cap, and the firm pays a $0.80 quarterly dividend ($3.20 annual, ~1.7% yield) with a 112% payout ratio.

Horizon Investments LLC lessened its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 22.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,365 shares of the financial services provider's stock after selling 5,782 shares during the period. Horizon Investments LLC's holdings in Capital One Financial were worth $4,936,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Capital One Financial by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider's stock valued at $13,789,615,000 after buying an additional 360,071 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Capital One Financial by 12.8% during the 3rd quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider's stock valued at $2,516,587,000 after buying an additional 1,339,215 shares in the last quarter. Davis Selected Advisers boosted its holdings in shares of Capital One Financial by 2.8% during the 4th quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider's stock valued at $2,087,878,000 after buying an additional 234,649 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Capital One Financial by 3.7% during the 3rd 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 buying an additional 302,733 shares in the last quarter. Finally, Viking Global Investors LP boosted its holdings in shares of Capital One Financial by 30.3% during the 3rd quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider's stock valued at $1,570,649,000 after buying an additional 1,717,148 shares in the last quarter. Institutional investors own 89.84% of the company's stock.

Insiders Place Their Bets

In other Capital One Financial news, insider Celia Karam sold 1,099 shares of the business's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total value of $203,985.39. Following the completion of the transaction, the insider owned 63,323 shares of the company's stock, valued at approximately $11,753,382.03. The trade was a 1.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Neal Blinde sold 38,135 shares of the business's stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total value of $7,265,098.85. Following the completion of the transaction, the insider directly owned 33,551 shares of the company's stock, valued at approximately $6,391,801.01. This trade represents a 53.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 47,939 shares of company stock worth $9,282,146 in the last 90 days. Corporate insiders own 0.78% of the company's stock.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $191.87 on Monday. The stock has a market cap of $119.33 billion, a price-to-earnings ratio of 67.32, a PEG ratio of 0.70 and a beta of 1.05. The firm's 50-day moving average is $190.44 and its 200 day moving average is $213.44. Capital One Financial Corporation has a 1 year low of $174.98 and a 1 year high of $259.64. 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 announced its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.08 by ($0.66). The firm had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business's revenue for the quarter was up 52.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.06 EPS. Sell-side analysts anticipate that Capital One Financial Corporation will post 19.17 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently commented on COF. Weiss Ratings restated a "hold (c)" rating on shares of Capital One Financial in a report on Friday, March 27th. HSBC dropped their target price on shares of Capital One Financial from $234.00 to $226.00 and set a "hold" rating on the stock in a report on Tuesday, January 20th. Wall Street Zen cut shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. Wells Fargo & Company dropped their price target on shares of Capital One Financial from $280.00 to $260.00 and set an "overweight" rating on the stock in a research note on Thursday, April 9th. Finally, TD Cowen dropped their price target on shares of Capital One Financial from $290.00 to $260.00 and set a "buy" rating on the stock in a research note on Tuesday, March 31st. Eighteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $258.14.

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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