Stevens Capital Management LP Cuts Stock Holdings in Capital One Financial Corporation $COF

Stevens Capital Management LP lowered its position in Capital One Financial Corporation (NYSE:COF) by 71.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,835 shares of the financial services provider's stock after selling 17,238 shares during the period. Stevens Capital Management LP's holdings in Capital One Financial were worth $1,657,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in COF. Cortland Associates Inc. MO purchased a new stake in shares of Capital One Financial during the third quarter valued at approximately $14,391,000. Meridian Wealth Management LLC boosted its position in Capital One Financial by 334.8% in the third quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider's stock worth $1,999,000 after purchasing an additional 7,241 shares during the last quarter. National Pension Service boosted its position in Capital One Financial by 4.0% in the third quarter. National Pension Service now owns 1,552,736 shares of the financial services provider's stock worth $330,081,000 after purchasing an additional 59,100 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Capital One Financial by 58.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 36,685 shares of the financial services provider's stock valued at $7,798,000 after purchasing an additional 13,539 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in Capital One Financial by 17.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 129,013 shares of the financial services provider's stock valued at $28,861,000 after purchasing an additional 19,059 shares during the period. 89.84% of the stock is owned by institutional investors.

Capital One Financial Trading Down 0.1%

NYSE:COF opened at $189.70 on Wednesday. Capital One Financial Corporation has a 1 year low of $174.98 and a 1 year high of $259.64. The stock's fifty day moving average price is $190.07 and its two-hundred day moving average price is $213.26. 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 cap of $117.98 billion, a P/E ratio of 66.56, a P/E/G ratio of 0.69 and a beta of 1.05.

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 for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The company had revenue of $15.23 billion during the quarter, compared to analysts' expectations of $15.68 billion. During the same quarter last year, the firm posted $4.06 earnings per share. Capital One Financial's revenue for the quarter was up 52.3% compared to the same quarter last year. As a group, analysts expect that Capital One Financial Corporation will post 19.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Argus decreased their price objective on shares of Capital One Financial from $260.00 to $250.00 and set a "buy" rating for the company in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Capital One Financial from $256.00 to $250.00 and set a "hold" rating on the stock in a research note on Wednesday, April 22nd. UBS Group decreased their price target on shares of Capital One Financial from $286.00 to $283.00 and set a "buy" rating for the company in a research note on Tuesday, April 7th. HSBC lowered their price target 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. Finally, BTIG Research reiterated a "buy" rating and issued a $224.00 price objective on shares of Capital One Financial in a research note on Wednesday, April 22nd. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $258.14.

Insider Buying and Selling

In other Capital One Financial news, insider Lia Dean sold 1,692 shares of Capital One Financial stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total transaction of $314,052.12. Following the completion of the transaction, the insider owned 65,454 shares of the company's stock, valued at $12,148,916.94. The trade was a 2.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Neal Blinde sold 38,135 shares of the company's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $190.51, for a total value of $7,265,098.85. Following the sale, the insider owned 33,551 shares in the company, valued at approximately $6,391,801.01. This represents a 53.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 46,404 shares of company stock worth $8,884,404 in the last 90 days. 0.78% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.