Ceredex Value Advisors LLC Has $40.73 Million Stake in Capital One Financial Corporation $COF

Ceredex Value Advisors LLC reduced its stake in Capital One Financial Corporation (NYSE:COF) by 13.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 191,577 shares of the financial services provider’s stock after selling 31,050 shares during the period. Ceredex Value Advisors LLC’s holdings in Capital One Financial were worth $40,725,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cortland Associates Inc. MO bought a new stake in shares of Capital One Financial during the third quarter worth about $14,391,000. CIBC Asset Management Inc raised its holdings in 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 buying an additional 30,991 shares during the last quarter. Meridian Wealth Management LLC raised its holdings in Capital One Financial by 334.8% in the 3rd quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock valued at $1,999,000 after buying an additional 7,241 shares during the last quarter. Montecito Bank & Trust acquired a new stake in Capital One Financial during the 3rd quarter worth approximately $647,000. Finally, National Pension Service grew its holdings in Capital One Financial by 4.0% during the 3rd quarter. National Pension Service now owns 1,552,736 shares of the financial services provider’s stock worth $330,081,000 after acquiring an additional 59,100 shares during the last quarter. 89.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on COF shares. Evercore decreased their price target on shares of Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a research report on Tuesday, January 27th. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. TD Cowen restated a “buy” rating on shares of Capital One Financial in a report on Thursday, January 8th. Finally, Truist Financial cut their target price on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $274.70.

Capital One Financial Stock Down 1.3%

Capital One Financial stock opened at $185.25 on Tuesday. The firm has a 50 day moving average price of $220.67 and a two-hundred day moving average price of $222.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $259.64. The firm has a market cap of $115.21 billion, a price-to-earnings ratio of 62.58, a PEG ratio of 0.56 and a beta of 1.14.

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). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. During the same period in the prior year, the business posted $2.67 EPS. The company’s quarterly revenue was up 53.3% compared to the same quarter last year. Equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Thursday, February 19th. Capital One Financial’s dividend payout ratio (DPR) is presently 108.11%.

Insider Transactions at Capital One Financial

In related news, insider Neal Blinde sold 38,135 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the transaction, the insider directly owned 33,551 shares of the company’s stock, valued at approximately $6,391,801.01. This represents a 53.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jason P. Hanson sold 3,729 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total value of $764,445.00. Following the completion of the sale, the insider directly owned 40,230 shares of the company’s stock, valued at $8,247,150. This trade represents a 8.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 67,933 shares of company stock valued at $14,363,897. 1.26% of the stock is owned by insiders.

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.