Jupiter Asset Management Ltd. Reduces Position in Capital One Financial Corporation $COF

Key Points

• Jupiter Asset Management cut its stake in Capital One Financial by 26.6% in Q4, selling 102,247 shares and ending with 282,117 shares valued at about $68.4 million.
• Capital One shares were trading down 0.9% at $187.17, with the stock still well below its 52-week high of $259.64.
• The company recently reported missed earnings and revenue expectations for the quarter, though it also announced a $0.80 quarterly dividend and maintained a broad analyst consensus of Moderate Buy.

Jupiter Asset Management Ltd. lessened its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 26.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 282,117 shares of the financial services provider's stock after selling 102,247 shares during the period. Jupiter Asset Management Ltd.'s holdings in Capital One Financial were worth $68,374,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Moors & Cabot Inc. boosted its position in shares of Capital One Financial by 0.8% during the fourth quarter. Moors & Cabot Inc. now owns 8,111 shares of the financial services provider's stock valued at $1,966,000 after buying an additional 65 shares during the period. Intech Investment Management LLC boosted its position in shares of Capital One Financial by 20.6% during the fourth quarter. Intech Investment Management LLC now owns 22,004 shares of the financial services provider's stock valued at $5,333,000 after buying an additional 3,754 shares during the period. CFS Investment Advisory Services LLC purchased a new position in shares of Capital One Financial during the fourth quarter valued at approximately $237,000. Foundations Investment Advisors LLC boosted its position in shares of Capital One Financial by 17.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 4,962 shares of the financial services provider's stock valued at $1,203,000 after buying an additional 743 shares during the period. Finally, Baker Avenue Asset Management LP boosted its position in shares of Capital One Financial by 4.2% during the fourth quarter. Baker Avenue Asset Management LP now owns 2,657 shares of the financial services provider's stock valued at $644,000 after buying an additional 106 shares during the period. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Trading Down 0.9%

COF opened at $187.17 on Friday. The firm has a market cap of $116.47 billion, a price-to-earnings ratio of 65.67, a PEG ratio of 0.69 and a beta of 1.05. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. Capital One Financial Corporation has a 12 month low of $174.98 and a 12 month high of $259.64. The stock has a fifty day moving average price of $188.95 and a 200-day moving average price of $209.51.

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). 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 return on equity of 10.59% and a net margin of 4.29%.The company's revenue was up 52.3% on a year-over-year basis. During the same period in the previous year, the firm posted $4.06 earnings per share. As a group, equities research analysts anticipate that Capital One Financial Corporation will post 19.14 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, May 19th. Capital One Financial's dividend payout ratio (DPR) is 112.28%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on COF shares. Royal Bank Of Canada dropped their target price on Capital One Financial from $275.00 to $235.00 and set a "sector perform" rating for the company in a research report on Friday, April 10th. Evercore decreased their price target on shares of Capital One Financial from $265.00 to $222.00 and set an "outperform" rating for the company in a research note on Monday, April 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Capital One Financial in a report on Friday, March 27th. Truist Financial lowered their price target on Capital One Financial from $275.00 to $255.00 and set a "buy" rating for the company in a report on Thursday, April 23rd. Finally, 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. Seventeen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $258.75.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Celia Karam sold 1,749 shares of the firm's stock in a transaction that occurred on Friday, May 1st. The shares were 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 in the company, valued at $11,858,883.82. This trade represents a 2.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total transaction of $643,755.00. Following the completion of the sale, the general counsel owned 97,194 shares of the company's stock, valued at approximately $17,876,892.42. This trade represents a 3.48% 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 three months. Corporate insiders own 0.78% of the company's stock.

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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