Castle Hook Partners LP Reduces Holdings in Capital One Financial Corporation $COF

Castle Hook Partners LP reduced its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 72.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 21,586 shares of the financial services provider’s stock after selling 57,560 shares during the period. Castle Hook Partners LP’s holdings in Capital One Financial were worth $5,232,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in Capital One Financial by 16.6% during the 3rd quarter. Victory Capital Management Inc. now owns 378,450 shares of the financial services provider’s stock valued at $80,451,000 after acquiring an additional 53,961 shares in the last quarter. APG Asset Management N.V. increased its holdings in Capital One Financial by 12.9% during the 3rd quarter. APG Asset Management N.V. now owns 416,935 shares of the financial services provider’s stock valued at $88,632,000 after acquiring an additional 47,627 shares in the last quarter. Swiss Life Asset Management Ltd increased its holdings in Capital One Financial by 16.4% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 104,192 shares of the financial services provider’s stock valued at $22,149,000 after acquiring an additional 14,700 shares in the last quarter. Waverton Investment Management Ltd increased its holdings in Capital One Financial by 1,390.9% during the 3rd quarter. Waverton Investment Management Ltd now owns 1,181,834 shares of the financial services provider’s stock valued at $251,323,000 after acquiring an additional 1,102,563 shares in the last quarter. Finally, Picton Mahoney Asset Management increased its holdings in Capital One Financial by 41.1% during the 3rd quarter. Picton Mahoney Asset Management now owns 165,686 shares of the financial services provider’s stock valued at $35,220,000 after acquiring an additional 48,243 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

COF opened at $200.69 on Thursday. The company’s 50 day simple moving average is $190.09 and its 200 day simple moving average is $206.97. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64. The stock has a market capitalization of $124.89 billion, a PE ratio of 70.42, a P/E/G ratio of 0.72 and a beta of 1.03.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The company had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.68 billion. During the same period in the prior year, the business posted $4.06 earnings per share. Capital One Financial’s revenue was up 52.3% on a year-over-year basis. As a group, sell-side analysts expect that Capital One Financial Corporation will post 19.51 EPS for the current year.

Capital One Financial Announces Dividend

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

Insider Buying and Selling

In related news, insider Celia Karam sold 1,749 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $192.58, for a total value of $336,822.42. Following the sale, the insider directly owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. This trade represents a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 that occurred on 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 sale, the insider directly owned 65,454 shares in the company, valued at $12,148,916.94. This represents a 2.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 8,040 shares of company stock valued at $1,498,615. Insiders own 0.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on COF shares. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a report on Friday, March 27th. UBS Group decreased their price target on shares of Capital One Financial from $283.00 to $270.00 in a research note on Wednesday, May 6th. Rothschild & Co Redburn decreased their price target on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft decreased their price target 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. Finally, Royal Bank Of Canada decreased their price target on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a research note on Friday, April 10th. Seventeen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $258.75.

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.