Two Sigma Advisers LP Reduces Stock Holdings in Capital One Financial Co. (NYSE:COF)

Two Sigma Advisers LP trimmed its position in shares of Capital One Financial Co. (NYSE:COF) by 48.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 150,800 shares of the financial services provider’s stock after selling 144,100 shares during the period. Two Sigma Advisers LP’s holdings in Capital One Financial were worth $26,891,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of COF. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Capital One Financial by 4.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider’s stock worth $8,234,000 after acquiring an additional 2,006 shares during the period. Geode Capital Management LLC raised its stake in Capital One Financial by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider’s stock valued at $1,467,393,000 after acquiring an additional 207,427 shares during the period. Westbourne Investments Inc. purchased a new stake in Capital One Financial during the fourth quarter valued at about $410,000. Lone Pine Capital LLC bought a new position in Capital One Financial during the fourth quarter worth about $577,012,000. Finally, Beacon Pointe Advisors LLC boosted its position in Capital One Financial by 8.9% during the fourth quarter. Beacon Pointe Advisors LLC now owns 34,781 shares of the financial services provider’s stock worth $6,202,000 after purchasing an additional 2,839 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

COF has been the topic of several research reports. Argus raised shares of Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Evercore ISI upgraded shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price objective for the company in a research note on Wednesday, March 12th. Wells Fargo & Company boosted their target price on shares of Capital One Financial from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Baird R W raised Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. reduced their price target on Capital One Financial from $198.00 to $170.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and an average target price of $207.73.

Capital One Financial Stock Down 0.8%

COF opened at $195.90 on Wednesday. The firm has a market capitalization of $75.06 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13. Capital One Financial Co. has a one year low of $128.23 and a one year high of $210.67. The company has a fifty day moving average price of $176.82 and a 200-day moving average price of $184.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, topping the consensus estimate of $3.75 by $0.31. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.07 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. Equities research analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, May 23rd. Capital One Financial’s payout ratio is 20.15%.

Insider Transactions at Capital One Financial

In other news, insider Michael Zamsky sold 9,560 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the transaction, the insider now owns 20,089 shares of the company’s stock, valued at $4,005,746.60. This represents a 32.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ann F. Hackett sold 1,658 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the sale, the director now owns 56,244 shares in the company, valued at approximately $11,175,682.80. This trade represents a 2.86% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.