Pzena Investment Management LLC Boosts Holdings in Capital One Financial Corporation $COF

Pzena Investment Management LLC raised its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 0.3% in the second quarter, Holdings Channel reports. The institutional investor owned 4,593,920 shares of the financial services provider’s stock after acquiring an additional 13,800 shares during the period. Capital One Financial comprises about 2.7% of Pzena Investment Management LLC’s portfolio, making the stock its 13th biggest holding. Pzena Investment Management LLC’s holdings in Capital One Financial were worth $921,632,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC raised its position in shares of Capital One Financial by 18.1% during the 4th quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock valued at $85,739,000 after purchasing an additional 54,263 shares during the period. Swiss Life Asset Management Ltd boosted its holdings in Capital One Financial by 11.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 115,843 shares of the financial services provider’s stock worth $28,076,000 after buying an additional 11,651 shares during the period. Vanguard Group Inc. increased its stake in Capital One Financial by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock worth $13,789,615,000 after buying an additional 360,071 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Capital One Financial by 2.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 223,977 shares of the financial services provider’s stock worth $54,283,000 after buying an additional 6,225 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in Capital One Financial by 2.5% during the fourth quarter. Truist Financial Corp now owns 640,050 shares of the financial services provider’s stock valued at $155,122,000 after acquiring an additional 15,644 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Capital One Financial

In related news, CAO Timothy P. Golden sold 3,487 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total value of $735,757.00. Following the completion of the transaction, the chief accounting officer directly owned 7,429 shares of the company’s stock, valued at approximately $1,567,519. This trade represents a 31.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total transaction of $728,000.00. Following the completion of the sale, the general counsel owned 90,194 shares in the company, valued at $18,760,352. This represents a 3.74% 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. In the last ninety days, insiders sold 22,186 shares of company stock valued at $4,697,301. 0.78% of the stock is owned by company insiders.

Capital One Financial Price Performance

NYSE:COF opened at $221.77 on Tuesday. The business’s 50-day moving average is $205.76 and its 200 day moving average is $198.08. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The company has a market capitalization of $136.05 billion, a P/E ratio of 13.72, a P/E/G ratio of 0.84 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter last year, the business posted $5.48 EPS. The firm’s revenue for the quarter was up 26.9% compared to the same quarter last year. On average, equities research analysts forecast that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, August 17th. Capital One Financial’s dividend payout ratio is currently 19.80%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. TD Cowen lowered their price objective on Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Truist Financial cut their target price on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. BTIG Research lifted their target price on Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Piper Sandler began coverage on Capital One Financial in a report on Monday, June 29th. They issued an “overweight” rating and a $254.00 price target on the stock. Finally, UBS Group upped their price target on Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Twenty-one equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and an average price target of $259.36.

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.