Carmignac Gestion Lowers Stock Holdings in Capital One Financial Co. (NYSE:COF)

Carmignac Gestion cut its holdings in shares of Capital One Financial Co. (NYSE:COF) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 293,274 shares of the financial services provider’s stock after selling 15,976 shares during the period. Carmignac Gestion owned about 0.08% of Capital One Financial worth $38,454,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in COF. Rafferty Asset Management LLC increased its position in shares of Capital One Financial by 5.0% during the fourth quarter. Rafferty Asset Management LLC now owns 138,599 shares of the financial services provider’s stock worth $18,173,000 after acquiring an additional 6,635 shares during the period. NEOS Investment Management LLC raised its position in Capital One Financial by 44.0% in the 4th quarter. NEOS Investment Management LLC now owns 5,391 shares of the financial services provider’s stock valued at $707,000 after purchasing an additional 1,647 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Capital One Financial by 1.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 270,625 shares of the financial services provider’s stock valued at $35,484,000 after buying an additional 4,723 shares during the period. Jones Financial Companies Lllp grew its position in shares of Capital One Financial by 110.6% during the fourth quarter. Jones Financial Companies Lllp now owns 4,164 shares of the financial services provider’s stock worth $546,000 after buying an additional 2,187 shares in the last quarter. Finally, James J. Burns & Company LLC purchased a new stake in shares of Capital One Financial during the fourth quarter worth approximately $290,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on COF shares. UBS Group boosted their price target on shares of Capital One Financial from $132.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. Citigroup lifted their price target on Capital One Financial from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $159.00 price objective on shares of Capital One Financial in a report on Wednesday, March 27th. Royal Bank of Canada raised their target price on Capital One Financial from $142.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 21st. Finally, Wolfe Research raised Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price target for the company in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Capital One Financial presently has an average rating of “Hold” and an average target price of $138.50.

Capital One Financial Stock Performance

Shares of NYSE:COF traded down $0.51 during trading on Monday, reaching $137.12. The company had a trading volume of 1,843,360 shares, compared to its average volume of 2,535,184. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00. The stock’s fifty day moving average price is $142.06 and its 200 day moving average price is $133.70. Capital One Financial Co. has a fifty-two week low of $88.23 and a fifty-two week high of $149.94. The firm has a market capitalization of $52.13 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 1.07 and a beta of 1.45.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.21 EPS for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04). The firm had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.35 billion. Capital One Financial had a return on equity of 9.74% and a net margin of 10.19%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.31 EPS. As a group, equities research analysts predict that Capital One Financial Co. will post 13.17 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Friday, May 10th. Capital One Financial’s dividend payout ratio is presently 18.79%.

Insider Buying and Selling at Capital One Financial

In other news, insider Timothy P. Golden sold 8,656 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total value of $1,246,810.24. Following the completion of the sale, the insider now directly owns 10,246 shares of the company’s stock, valued at approximately $1,475,833.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Timothy P. Golden sold 8,656 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the transaction, the insider now directly owns 10,246 shares of the company’s stock, valued at approximately $1,475,833.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Celia Karam sold 16,913 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the completion of the transaction, the insider now owns 47,081 shares of the company’s stock, valued at approximately $6,726,933.28. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate 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.