Magnetar Financial LLC Sells 3,228 Shares of Capital One Financial Corporation $COF

Magnetar Financial LLC reduced its position in Capital One Financial Corporation (NYSE:COF) by 15.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,524 shares of the financial services provider’s stock after selling 3,228 shares during the quarter. Magnetar Financial LLC’s holdings in Capital One Financial were worth $4,247,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Capital One Financial during the fourth quarter worth $2,089,803,000. Capital International Investors boosted its stake in 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 in the last quarter. Viking Global Investors LP boosted its stake in Capital One Financial by 30.3% during the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after acquiring an additional 1,717,148 shares in the last quarter. Bessemer Group Inc. boosted its stake in Capital One Financial by 7,143.2% during the fourth quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock worth $350,966,000 after acquiring an additional 1,428,133 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Capital One Financial by 12.8% during the third quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock worth $2,516,587,000 after acquiring an additional 1,339,215 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on COF shares. TD Cowen cut their target price on shares of Capital One Financial from $290.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. UBS Group cut their target price on shares of Capital One Financial from $283.00 to $270.00 in a research note on Wednesday, May 6th. Wells Fargo & Company lowered their price objective on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. BTIG Research restated a “buy” rating and set a $224.00 price objective on shares of Capital One Financial in a report on Wednesday, April 22nd. Finally, Royal Bank Of Canada lowered their price objective on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a report on Friday, April 10th. Seventeen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $258.75.

Capital One Financial Stock Up 3.1%

COF opened at $200.69 on Wednesday. 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’s 50-day moving average is $189.76 and its 200 day moving average is $207.09. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The firm has a market capitalization of $124.89 billion, a P/E ratio of 70.42, a PEG ratio of 0.70 and a beta of 1.03.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. During the same period in the previous year, the business earned $4.06 earnings per share. The firm’s revenue for the quarter was up 52.3% on a year-over-year basis. Research analysts expect that Capital One Financial Corporation will post 19.51 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s dividend payout ratio (DPR) is 112.28%.

Insider Buying and Selling

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $17,876,892.42. This trade represents a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 1,692 shares of the firm’s 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 sale, the insider owned 65,454 shares of the company’s stock, valued at $12,148,916.94. This trade represents a 2.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 8,040 shares of company stock worth $1,498,615. 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.