Bronte Capital Management Pty Ltd. Has $42.54 Million Position in Capital One Financial Corporation $COF

Bronte Capital Management Pty Ltd. reduced its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 33.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 175,540 shares of the financial services provider’s stock after selling 88,569 shares during the quarter. Capital One Financial comprises about 4.6% of Bronte Capital Management Pty Ltd.’s portfolio, making the stock its 7th largest holding. Bronte Capital Management Pty Ltd.’s holdings in Capital One Financial were worth $42,544,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cortland Associates Inc. MO bought a new stake in shares of Capital One Financial during the 3rd quarter worth approximately $14,391,000. Meridian Wealth Management LLC lifted its stake in shares of Capital One Financial by 334.8% during the 3rd quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock worth $1,999,000 after acquiring an additional 7,241 shares during the last quarter. National Pension Service lifted its stake in shares of Capital One Financial by 4.0% during the 3rd quarter. National Pension Service now owns 1,552,736 shares of the financial services provider’s stock worth $330,081,000 after acquiring an additional 59,100 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Capital One Financial by 58.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 36,685 shares of the financial services provider’s stock worth $7,798,000 after acquiring an additional 13,539 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Capital One Financial by 17.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 129,013 shares of the financial services provider’s stock worth $28,861,000 after acquiring an additional 19,059 shares during the last quarter. 89.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Neal Blinde sold 38,135 shares of Capital One Financial stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total value of $7,265,098.85. Following the transaction, the insider directly owned 33,551 shares in the company, valued at approximately $6,391,801.01. This trade represents a 53.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 completion of the transaction, the insider 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. 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 have sold 46,404 shares of company stock valued at $8,884,404. 0.78% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Rothschild & Co Redburn reduced their price objective on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a report on Friday, March 27th. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. The Goldman Sachs Group reduced their price objective on Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Finally, Wells Fargo & Company reduced their price objective on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Eighteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and an average target price of $258.14.

Capital One Financial Trading Down 0.1%

Shares of NYSE:COF opened at $189.70 on Wednesday. Capital One Financial Corporation has a 12-month low of $174.98 and a 12-month high of $259.64. The business’s fifty day simple moving average is $190.07 and its 200-day simple moving average is $213.26. The company has a market capitalization of $117.98 billion, a PE ratio of 66.56, a P/E/G ratio of 0.69 and a beta of 1.05. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) 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 company had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.68 billion. During the same quarter in the prior year, the business posted $4.06 earnings per share. The company’s revenue was up 52.3% compared to the same quarter last year. As a group, equities research analysts predict that Capital One Financial Corporation will post 19.17 earnings per share for the current fiscal year.

Capital One Financial 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.