Aristotle Capital Management LLC Trims Position in Capital One Financial Corporation $COF

Aristotle Capital Management LLC reduced its holdings in Capital One Financial Corporation (NYSE:COF) by 5.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 7,364,228 shares of the financial services provider’s stock after selling 396,492 shares during the period. Capital One Financial comprises approximately 3.0% of Aristotle Capital Management LLC’s holdings, making the stock its 4th biggest position. Aristotle Capital Management LLC’s holdings in Capital One Financial were worth $1,565,506,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Capital One Financial by 74.8% in the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after purchasing an additional 24,129,990 shares during the last quarter. State Street Corp increased its holdings in Capital One Financial by 63.4% in the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after purchasing an additional 10,776,843 shares during the period. Norges Bank bought a new position in Capital One Financial during the 2nd quarter worth $1,701,511,000. Boston Partners acquired a new position in Capital One Financial during the 2nd quarter worth about $534,777,000. Finally, Amundi lifted its holdings in Capital One Financial by 321.6% during the 2nd quarter. Amundi now owns 3,108,512 shares of the financial services provider’s stock worth $680,174,000 after buying an additional 2,371,214 shares during the period. Institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price target on Capital One Financial from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. HSBC cut their price objective on Capital One Financial from $234.00 to $226.00 and set a “hold” rating on the stock in a research note on Tuesday, January 20th. Evercore reduced their target price on Capital One Financial from $290.00 to $265.00 and set an “outperform” rating on the stock in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. Finally, Citigroup boosted their price target on shares of Capital One Financial from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, December 31st. One 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. According to data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $274.70.

Capital One Financial Stock Up 1.3%

Shares of Capital One Financial stock opened at $179.76 on Friday. The stock’s 50-day moving average is $215.61 and its 200 day moving average is $220.86. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $259.64. The firm has a market cap of $111.80 billion, a price-to-earnings ratio of 60.73, a PEG ratio of 0.54 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04.

Capital One Financial (NYSE:COF) last issued its 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). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.During the same period in the prior year, the company earned $2.67 earnings per share. Capital One Financial’s revenue was up 53.3% on a year-over-year basis. Equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.8%. Capital One Financial’s dividend payout ratio (DPR) is 108.11%.

Insider Buying and Selling

In related news, insider Lia Dean sold 3,284 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total transaction of $734,565.12. Following the transaction, the insider owned 70,162 shares in the company, valued at $15,693,836.16. The trade was a 4.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Neal Blinde sold 38,135 shares of the stock in a transaction 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 in the company, valued at approximately $6,391,801.01. This represents a 53.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 67,933 shares of company stock worth $14,363,897 over the last ninety days. 1.26% of the stock is owned by company insiders.

About Capital One Financial

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.