Magnetar Financial LLC Acquires Shares of 20,752 Capital One Financial Corporation $COF

Key Points

• Magnetar Financial LLC bought a new position of 20,752 shares of Capital One in the third quarter, valued at about $4.41 million.
• Institutional ownership stands at 89.84%, with large managers such as Capital Research Global Investors and Capital International Investors materially increasing their stakes during the quarter.
• Insiders have been net sellers, disposing of 67,933 shares worth roughly $14.36 million in the last three months, while insiders still own 1.26% of the company.

Magnetar Financial LLC bought a new position in Capital One Financial Corporation (NYSE:COF) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,752 shares of the financial services provider's stock, valued at approximately $4,411,000.

A number of other large investors also recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its stake in Capital One Financial by 0.4% in the third quarter. Quadrant Capital Group LLC now owns 24,965 shares of the financial services provider's stock valued at $5,307,000 after acquiring an additional 110 shares during the last quarter. Capital Research Global Investors raised its holdings in 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 worth $1,791,264,000 after buying an additional 302,733 shares during the period. Capital International Inc. CA increased its position in shares of Capital One Financial by 14.9% during the third quarter. Capital International Inc. CA now owns 324,082 shares of the financial services provider's stock worth $68,893,000 after acquiring an additional 42,058 shares in the last quarter. Capital International Investors raised its holdings in shares of Capital One Financial by 107.9% during the third quarter. Capital International Investors now owns 4,040,408 shares of the financial services provider's stock worth $859,602,000 after acquiring an additional 2,097,208 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of Capital One Financial by 9.0% during the third quarter. Bank of Montreal Can now owns 704,635 shares of the financial services provider's stock worth $149,791,000 after acquiring an additional 58,376 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Capital One Financial news, insider Jason P. Hanson sold 3,729 shares of the company's stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total value of $764,445.00. Following the sale, the insider owned 40,230 shares in the company, valued at $8,247,150. This represents a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total value of $500,000.00. Following the transaction, the general counsel owned 92,486 shares of the company's stock, valued at $23,121,500. This represents a 2.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 67,933 shares of company stock worth $14,363,897 in the last three months. Insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

COF has been the subject of a number of research reports. Truist Financial lowered their target price on Capital One Financial from $290.00 to $275.00 and set a "buy" rating for the company in a report on Monday, January 26th. Wells Fargo & Company increased their price objective on Capital One Financial from $265.00 to $280.00 and gave the stock an "overweight" rating in a report on Monday, January 5th. Barclays cut their target price on Capital One Financial from $294.00 to $287.00 and set an "overweight" rating on the stock in a research note on Friday, January 23rd. The Goldman Sachs Group reaffirmed a "buy" rating and set a $300.00 price target on shares of Capital One Financial in a research report on Tuesday, January 6th. Finally, Jefferies Financial Group lifted their price objective on shares of Capital One Financial from $265.00 to $275.00 and gave the company a "buy" rating in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $274.70.

Capital One Financial Stock Down 1.6%

NYSE:COF opened at $181.90 on Thursday. The firm has a market capitalization of $113.13 billion, a price-to-earnings ratio of 61.45, a price-to-earnings-growth ratio of 0.55 and a beta of 1.14. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $259.64. The stock's 50 day moving average price is $218.27 and its two-hundred day moving average price is $221.48. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. During the same period last year, the company posted $2.67 earnings per share. The business's quarterly revenue was up 53.3% on a year-over-year basis. Equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

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

About Capital One Financial

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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