Capital One Financial Corporation $COF Stock Position Decreased by CastleKnight Management LP

CastleKnight Management LP cut its stake in shares of Capital One Financial Corporation (NYSE:COF) by 24.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,452 shares of the financial services provider’s stock after selling 13,700 shares during the quarter. CastleKnight Management LP’s holdings in Capital One Financial were worth $10,046,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Evolution Wealth Management Inc. boosted its stake in shares of Capital One Financial by 529.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 90 shares in the last quarter. VSM Wealth Advisory LLC bought a new stake in shares of Capital One Financial during the 4th quarter worth $27,000. Cherry Tree Wealth Management LLC boosted its stake in shares of Capital One Financial by 1,312.5% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 105 shares in the last quarter. Olistico Wealth LLC bought a new stake in shares of Capital One Financial during the 4th quarter worth $30,000. Finally, Rakuten Securities Inc. boosted its stake in shares of Capital One Financial by 550.0% during the 4th quarter. Rakuten Securities Inc. now owns 130 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 110 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on COF shares. The Goldman Sachs Group reduced their price objective on Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Argus reduced their price objective on Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. BTIG Research reissued a “buy” rating and set a $224.00 price objective on shares of Capital One Financial in a research note on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft decreased their target price on Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Finally, Barclays raised their target price on Capital One Financial from $226.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Seventeen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average target price of $258.75.

Insider Transactions at Capital One Financial

In related news, insider Celia Karam sold 1,749 shares of Capital One Financial stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the completion of the sale, the insider 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 document filed with the Securities & Exchange Commission, which is accessible through 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 Capital One Financial stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total value of $314,052.12. Following the sale, the insider directly owned 65,454 shares of the company’s stock, valued at approximately $12,148,916.94. The trade was a 2.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,040 shares of company stock valued at $1,498,615 over the last quarter. Company insiders own 0.78% of the company’s stock.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $200.69 on Thursday. The stock has a market cap of $124.89 billion, a PE ratio of 70.42, a price-to-earnings-growth ratio of 0.72 and a beta of 1.03. The business has a fifty day simple moving average of $190.09 and a 200-day simple moving average of $206.97. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64.

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

Capital One Financial Dividend Announcement

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

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.