Capital One Financial Corporation $COF Stock: Pzena Investment Management LLC Reduces Holdings

Pzena Investment Management LLC cut its holdings in Capital One Financial Corporation (NYSE:COF) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,487,376 shares of the financial services provider’s stock after selling 106,544 shares during the quarter. Capital One Financial accounts for 2.6% of Pzena Investment Management LLC’s investment portfolio, making the stock its 15th largest holding. Pzena Investment Management LLC owned about 0.73% of Capital One Financial worth $866,378,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. State Street Corp grew its stake in Capital One Financial by 107.9% in the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock valued at $11,491,259,000 after acquiring an additional 29,724,829 shares during the period. BlackRock Inc. increased its holdings in shares of Capital One Financial by 0.5% during the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock valued at $10,242,628,000 after acquiring an additional 236,643 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Capital One Financial during the second quarter worth approximately $1,435,311,000. Wellington Management Group LLP raised its position in shares of Capital One Financial by 36.2% during the second quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider’s stock worth $1,426,029,000 after purchasing an additional 1,887,497 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Capital One Financial by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider’s stock worth $1,127,733,000 after purchasing an additional 187,532 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Insider Transactions at Capital One Financial

In other news, insider Lia Dean sold 1,887 shares of Capital One Financial stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $195.86, for a total transaction of $369,587.82. Following the completion of the sale, the insider directly owned 59,308 shares of the company’s stock, valued at approximately $11,616,064.88. The trade was a 3.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the transaction, the insider owned 27,992 shares of the company’s stock, valued at $6,102,815.84. This trade represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 115,194 shares of company stock worth $23,546,209. 0.78% of the stock is owned by insiders.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $206.41 on Thursday. The company’s 50-day moving average is $204.17 and its 200 day moving average is $201.23. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $126.63 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 0.95 and a beta of 1.10. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, beating analysts’ consensus estimates of $5.53 by $1.16. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The firm had revenue of $16.31 billion for the quarter, compared to analysts’ expectations of $16.25 billion. During the same quarter in the prior year, the firm earned $5.95 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities research analysts forecast that Capital One Financial Corporation will post 21.53 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is presently 18.89%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Weiss Ratings raised shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 21st. Citigroup raised their price objective on shares of Capital One Financial from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. UBS Group reduced their price objective on shares of Capital One Financial from $280.00 to $274.00 and set a “buy” rating for the company in a report on Monday. Barclays boosted their target price on shares of Capital One Financial from $237.00 to $238.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Finally, Wolfe Research upped their target price on shares of Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Twenty equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $256.50.

Capital One Financial Profile

Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.

Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.

The company primarily serves customers in the United States through digital channels, branches and other distribution networks.