Caxton Associates LP Buys New Position in Capital One Financial Corporation (NYSE:COF)

Caxton Associates LP bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,700 shares of the financial services provider’s stock, valued at approximately $407,000.

Several other hedge funds have also recently made changes to their positions in COF. Dodge & Cox purchased a new stake in shares of Capital One Financial Corporation during the fourth quarter valued at approximately $3,944,247,000. Bank of New York Mellon Corp increased its stake in shares of Capital One Financial Corporation by 10.4% in the first quarter. Bank of New York Mellon Corp now owns 6,411,412 shares of the financial services provider’s stock valued at $555,613,000 after buying an additional 605,038 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Capital One Financial Corporation by 53.0% in the first quarter. Toronto Dominion Bank now owns 133,437 shares of the financial services provider’s stock valued at $11,562,000 after buying an additional 46,227 shares in the last quarter. Parametrica Management Ltd purchased a new stake in shares of Capital One Financial Corporation during the first quarter valued at approximately $305,000. Finally, Candriam Luxembourg S.C.A. increased its stake in shares of Capital One Financial Corporation by 134.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 162,604 shares of the financial services provider’s stock valued at $14,092,000 after buying an additional 93,333 shares in the last quarter. Institutional investors own 88.44% of the company’s stock.

Capital One Financial Corporation (NYSE COF) opened at 81.04 on Wednesday. The stock has a 50 day moving average of $79.95 and a 200-day moving average of $85.59. The company has a market capitalization of $39.09 billion, a price-to-earnings ratio of 12.30 and a beta of 1.19. Capital One Financial Corporation has a 52-week low of $63.13 and a 52-week high of $96.92.

Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings results on Tuesday, April 25th. The financial services provider reported $1.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.93 by $0.18. The business had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.63 billion. Capital One Financial Corporation had a net margin of 12.96% and a return on equity of 7.83%. Capital One Financial Corporation’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.84 EPS. On average, equities research analysts anticipate that Capital One Financial Corporation will post $7.48 earnings per share for the current fiscal year.

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Several analysts have recently commented on COF shares. Wedbush downgraded shares of Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $94.00 to $80.00 in a report on Wednesday, July 5th. Instinet reiterated a “buy” rating and issued a $101.00 target price (down previously from $105.00) on shares of Capital One Financial Corporation in a report on Saturday, April 29th. Deutsche Bank AG upgraded shares of Capital One Financial Corporation from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a report on Monday, May 1st. Credit Suisse Group reiterated a “hold” rating and issued a $99.00 target price on shares of Capital One Financial Corporation in a report on Friday, April 7th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $85.00 target price (down previously from $88.00) on shares of Capital One Financial Corporation in a report on Sunday, May 21st. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $93.15.

In related news, insider Michael Slocum sold 6,276 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $82.16, for a total transaction of $515,636.16. Following the completion of the transaction, the insider now directly owns 61,905 shares in the company, valued at approximately $5,086,114.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.73% of the company’s stock.

About Capital One Financial Corporation

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

Institutional Ownership by Quarter for Capital One Financial Corporation (NYSE:COF)

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