Capital One Financial Corporation $COF Stock Holdings Reduced by Pzena Investment Management LLC

Pzena Investment Management LLC cut its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,487,376 shares of the financial services provider’s stock after selling 106,544 shares during the quarter. Capital One Financial accounts for approximately 2.6% of Pzena Investment Management LLC’s holdings, making the stock its 15th biggest holding. Pzena Investment Management LLC’s holdings in Capital One Financial were worth $866,378,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in COF. Rakuten Investment Management Inc. lifted its stake in Capital One Financial by 7.8% in the third quarter. Rakuten Investment Management Inc. now owns 108,276 shares of the financial services provider’s stock worth $21,272,000 after purchasing an additional 7,879 shares during the last quarter. Third View Private Wealth LLC grew its stake in shares of Capital One Financial by 1.9% during the third quarter. Third View Private Wealth LLC now owns 17,547 shares of the financial services provider’s stock valued at $3,388,000 after buying an additional 322 shares during the last quarter. Provenance Wealth Advisors LLC increased its holdings in shares of Capital One Financial by 13,550.0% in the third quarter. Provenance Wealth Advisors LLC now owns 7,644 shares of the financial services provider’s stock worth $1,476,000 after buying an additional 7,588 shares during the period. Associated Banc Corp purchased a new position in shares of Capital One Financial in the third quarter worth about $41,164,000. Finally, Putney Financial Group LLC bought a new stake in shares of Capital One Financial in the 3rd quarter valued at about $91,000. 89.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wall Street Zen cut Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Wolfe Research lifted their price target on Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. TD Cowen boosted their price objective on Capital One Financial from $242.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Morgan Stanley dropped their price objective on Capital One Financial from $273.00 to $267.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Finally, Bank of America decreased their target price on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Twenty investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and an average price target of $256.50.

Insider Buying and Selling

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $196.22, for a total transaction of $686,770.00. Following the completion of the transaction, the general counsel directly owned 79,694 shares in the company, valued at $15,637,556.68. This trade represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,927 shares of Capital One Financial stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $195.86, for a total value of $377,422.22. Following the completion of the transaction, the insider directly owned 55,774 shares of the company’s stock, valued at approximately $10,923,895.64. This represents a 3.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 115,194 shares of company stock worth $23,546,209 over the last three months. Corporate insiders own 0.78% of the company’s stock.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $206.41 on Thursday. The business has a 50 day moving average of $204.17 and a 200 day moving average of $201.23. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a market cap of $126.63 billion, a PE ratio of 12.18, a P/E/G ratio of 0.95 and a beta of 1.10. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.53 by $1.16. The firm had revenue of $16.31 billion during the quarter, compared to analyst estimates of $16.25 billion. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.95 EPS. As a group, equities research analysts forecast that Capital One Financial Corporation will post 21.53 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s payout ratio is presently 18.89%.

About Capital One Financial

Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.

Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.

The company primarily serves customers in the United States through digital channels, branches and other distribution networks.