Lakewood Capital Management LP Sells 20,000 Shares of Capital One Financial Corporation $COF

Key Points

• Lakewood Capital Management reduced its stake in Capital One by 52.6%, selling 20,000 shares and leaving 18,000 shares valued at $3.826 million at quarter-end.
• Significant insider selling continued: Neal Blinde sold 38,135 shares (~$7.27M) and insiders have sold 67,933 shares (~$14.36M) in the last 90 days, with insiders now owning 1.26% of the company.
• Quarterly results missed — EPS $3.86 vs. $4.14 consensus (a $0.28 miss). Revenue rose 53.3% YoY and the stock carries a consensus price target of $274.70.

Lakewood Capital Management LP lessened its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 52.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,000 shares of the financial services provider's stock after selling 20,000 shares during the period. Lakewood Capital Management LP's holdings in Capital One Financial were worth $3,826,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in COF. Howard Hughes Medical Institute acquired a new stake in Capital One Financial in the second quarter valued at approximately $29,000. WFA of San Diego LLC bought a new position in shares of Capital One Financial in the 2nd quarter valued at $32,000. Crowley Wealth Management Inc. acquired a new stake in shares of Capital One Financial during the 3rd quarter valued at $33,000. Wolff Wiese Magana LLC grew its position in Capital One Financial by 41.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 195 shares of the financial services provider's stock worth $41,000 after acquiring an additional 57 shares during the last quarter. Finally, Bell Investment Advisors Inc grew its position in Capital One Financial by 86.9% during the 2nd quarter. Bell Investment Advisors Inc now owns 200 shares of the financial services provider's stock worth $43,000 after acquiring an additional 93 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Trading Up 1.3%

NYSE COF opened at $179.76 on Friday. The firm has a market capitalization of $111.80 billion, a PE ratio of 60.73, a price-to-earnings-growth ratio of 0.53 and a beta of 1.14. The business's 50-day moving average price is $215.61 and its two-hundred day moving average price is $220.89. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) 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%.During the same period in the prior year, the company earned $2.67 EPS. Capital One Financial's revenue for the quarter was up 53.3% compared to the same quarter last year. On average, analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th were issued a dividend of $0.80 per share. The ex-dividend date was Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.8%. Capital One Financial's dividend payout ratio (DPR) is presently 108.11%.

Insider Transactions at Capital One Financial

In other news, insider Neal Blinde sold 38,135 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the completion of the sale, the insider directly owned 33,551 shares in the company, valued at $6,391,801.01. This represents a 53.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lia Dean sold 3,284 shares of Capital One Financial stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total transaction of $734,565.12. Following the transaction, the insider directly owned 70,162 shares of the company's stock, valued at $15,693,836.16. This represents a 4.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 67,933 shares of company stock worth $14,363,897. Company insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on COF. Evercore dropped their target price on Capital One Financial from $290.00 to $265.00 and set an "outperform" rating for the company in a research report on Tuesday, January 27th. Truist Financial reduced their price target on Capital One Financial from $290.00 to $275.00 and set a "buy" rating on the stock in a report on Monday, January 26th. Wolfe Research lowered their price objective on Capital One Financial from $294.00 to $280.00 and set an "outperform" rating for the company in a research note on Friday, January 23rd. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $275.00 price objective on shares of Capital One Financial in a report on Monday, January 12th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Capital One Financial from $260.00 to $290.00 and gave the stock an "outperform" rating in a report on Friday, January 2nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $274.70.

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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