Capital One Financial Corporation $COF Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC lessened its stake in Capital One Financial Corporation (NYSE:COF) by 6.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,052,134 shares of the financial services provider’s stock after selling 369,401 shares during the period. Capital One Financial comprises 3.5% of Pzena Investment Management LLC’s investment portfolio, making the stock its 8th biggest position. Pzena Investment Management LLC’s holdings in Capital One Financial were worth $1,073,983,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of COF. Earned Wealth Advisors LLC bought a new position in Capital One Financial during the second quarter worth about $254,000. Cortland Associates Inc. MO acquired a new stake in shares of Capital One Financial in the 3rd quarter valued at approximately $14,391,000. CIBC Asset Management Inc raised its position in shares of Capital One Financial by 53.9% in the 2nd quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock valued at $18,830,000 after acquiring an additional 30,991 shares during the period. Meridian Wealth Management LLC boosted its stake in 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. Finally, Montecito Bank & Trust acquired a new position in Capital One Financial during the third quarter valued at approximately $647,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Trading Up 1.7%

NYSE:COF opened at $210.23 on Thursday. The company has a market cap of $133.65 billion, a P/E ratio of 71.03, a price-to-earnings-growth ratio of 0.61 and a beta of 1.14. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $259.64. The business has a 50 day moving average price of $232.85 and a two-hundred day moving average price of $223.46. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). The business had revenue of $15.62 billion for the quarter, compared to analyst estimates of $15.49 billion. Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The business’s revenue for the quarter was up 53.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.67 EPS. As a group, analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 19th will be given a $0.80 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial’s payout ratio is currently 108.11%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on COF. Morgan Stanley increased their target price on shares of Capital One Financial from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. TD Cowen reaffirmed a “buy” rating on shares of Capital One Financial in a research note on Thursday, January 8th. Citigroup boosted their target price on Capital One Financial from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, December 31st. Wolfe Research lowered their price target on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating for the company in a report on Friday, January 23rd. Finally, Jefferies Financial Group lifted their price target on shares of Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six 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 $274.70.

Insider Buying and Selling

In other Capital One Financial news, insider Lia Dean sold 3,284 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total value of $734,565.12. Following the completion of the transaction, the insider directly owned 70,162 shares in the company, valued at $15,693,836.16. This trade represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ravi Raghu sold 13,450 shares of the firm’s stock in a transaction dated 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 owned 30,337 shares of the company’s stock, valued at $7,584,250. This trade represents a 30.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 34,274 shares of company stock worth $8,131,054. Insiders own 1.26% of the company’s stock.

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.