Diamond Hill Capital Management Inc. Decreases Stock Holdings in Capital One Financial Corporation $COF

Diamond Hill Capital Management Inc. decreased its stake in Capital One Financial Corporation (NYSE:COF) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,819,563 shares of the financial services provider’s stock after selling 91,195 shares during the period. Capital One Financial comprises about 2.8% of Diamond Hill Capital Management Inc.’s investment portfolio, making the stock its 6th biggest position. Diamond Hill Capital Management Inc. owned 0.44% of Capital One Financial worth $599,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC boosted its holdings in shares of Capital One Financial by 66.7% during the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 50 shares during the period. Solstein Capital LLC bought a new position in shares of Capital One Financial during the second quarter valued at $28,000. Roble Belko & Company Inc bought a new stake in shares of Capital One Financial during the second quarter valued at approximately $28,000. FNY Investment Advisers LLC bought a new position in shares of Capital One Financial during the second quarter valued at $28,000. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Capital One Financial during the 2nd quarter valued at about $29,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of NYSE:COF opened at $222.72 on Friday. The firm has a 50 day moving average of $235.54 and a 200 day moving average of $223.54. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $141.59 billion, a price-to-earnings ratio of 75.24, a price-to-earnings-growth ratio of 0.66 and a beta of 1.14. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $259.64.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). The firm had revenue of $15.62 billion during the quarter, compared to the consensus estimate of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The firm’s quarterly revenue was up 53.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.67 earnings per share. On average, sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th will be paid a dividend of $0.80 per share. The ex-dividend date is Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. Capital One Financial’s payout ratio is presently 108.11%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on COF. Jefferies Financial Group increased their price target on shares of Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $275.00 price objective on shares of Capital One Financial in a report on Monday, January 12th. Morgan Stanley lifted their target price on Capital One Financial from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Keefe, Bruyette & Woods raised their target price on shares of Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Friday, January 2nd. Finally, JPMorgan Chase & Co. lifted their price target on Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and a consensus price target of $274.70.

Insider Activity

In other news, insider Ravi Raghu sold 13,450 shares of Capital One Financial stock in a transaction on Monday, January 5th. The shares were sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the completion of the sale, the insider directly owned 30,337 shares in the company, valued at approximately $7,584,250. The trade was a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Frank G. LapradeIii sold 17,840 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $222.03, for a total value of $3,961,015.20. Following the completion of the transaction, the insider directly owned 48,315 shares in the company, valued at approximately $10,727,379.45. The trade was a 26.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 52,114 shares of company stock valued at $12,092,070. 1.26% of the stock is owned by company insiders.

Capital One Financial Company 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.