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

Pzena Investment Management LLC decreased its position in Capital One Financial Corporation (NYSE:COF) by 6.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,052,134 shares of the financial services provider’s stock after selling 369,401 shares during the quarter. Capital One Financial comprises 3.5% of Pzena Investment Management LLC’s investment portfolio, making the stock its 8th largest holding. Pzena Investment Management LLC owned 0.79% of Capital One Financial worth $1,073,983,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. MJP Associates Inc. ADV increased its holdings in shares of Capital One Financial by 7.3% during the 3rd quarter. MJP Associates Inc. ADV now owns 1,789 shares of the financial services provider’s stock valued at $380,000 after acquiring an additional 122 shares during the last quarter. Syon Capital LLC grew its position in Capital One Financial by 8.5% in the 3rd quarter. Syon Capital LLC now owns 11,431 shares of the financial services provider’s stock worth $2,430,000 after purchasing an additional 893 shares during the last quarter. Advisors Capital Management LLC grew its position in Capital One Financial by 1.2% during the third quarter. Advisors Capital Management LLC now owns 10,714 shares of the financial services provider’s stock worth $2,278,000 after buying an additional 126 shares in the last quarter. May Hill Capital LLC raised its holdings in Capital One Financial by 5.4% in the 3rd quarter. May Hill Capital LLC now owns 1,550 shares of the financial services provider’s stock valued at $330,000 after acquiring an additional 80 shares in the last quarter. Finally, Beirne Wealth Consulting Services LLC bought a new stake in shares of Capital One Financial in the 3rd quarter worth approximately $1,266,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Lia Dean sold 3,284 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 70,162 shares in the company, valued at approximately $15,693,836.16. This trade represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Ravi Raghu sold 13,450 shares of Capital One Financial stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $250.00, for a total value of $3,362,500.00. Following the completion of the transaction, the insider directly owned 30,337 shares of the company’s stock, valued at $7,584,250. This represents a 30.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 34,274 shares of company stock valued at $8,131,054 in the last 90 days. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on COF shares. JPMorgan Chase & Co. upped their target price on Capital One Financial from $237.00 to $256.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. TD Cowen reissued a “buy” rating on shares of Capital One Financial in a report on Thursday, January 8th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $300.00 price objective on shares of Capital One Financial in a report on Tuesday, January 6th. Barclays decreased their target price on shares of Capital One Financial from $294.00 to $287.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $274.70.

Capital One Financial Trading Up 1.7%

Shares of Capital One Financial stock opened at $210.23 on Thursday. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $259.64. The stock has a market capitalization 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. The company has a 50-day simple moving average of $232.85 and a 200 day simple moving average 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 released its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS 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 analyst estimates of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. Capital One Financial’s quarterly revenue was up 53.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.67 earnings per share. Research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 19th will be given 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 yield of 1.5%. Capital One Financial’s dividend payout ratio is 108.11%.

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.