Pzena Investment Management LLC Buys 13,800 Shares of Capital One Financial Corporation $COF

Pzena Investment Management LLC raised its stake in Capital One Financial Corporation (NYSE:COF) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,593,920 shares of the financial services provider’s stock after acquiring an additional 13,800 shares during the period. Capital One Financial makes up 2.7% of Pzena Investment Management LLC’s portfolio, making the stock its 13th biggest position. Pzena Investment Management LLC owned approximately 0.75% of Capital One Financial worth $921,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of COF. Vanguard Group Inc. boosted its stake in Capital One Financial by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock worth $13,789,615,000 after purchasing an additional 360,071 shares in the last quarter. BlackRock Inc. increased its stake in Capital One Financial by 0.5% during the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock valued at $10,242,628,000 after purchasing an additional 236,643 shares in the last quarter. Franklin Resources Inc. increased its stake in Capital One Financial by 5.4% during the 4th quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock valued at $3,023,795,000 after purchasing an additional 638,158 shares in the last quarter. Morgan Stanley raised its holdings in Capital One Financial by 3.9% in the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock worth $2,103,196,000 after buying an additional 323,350 shares during the last quarter. Finally, Norges Bank purchased a new position in Capital One Financial in the fourth quarter worth about $2,089,803,000. 89.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. BTIG Research upped their target price on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Argus decreased their price objective on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. TD Cowen lowered their price objective on Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Finally, Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.36.

Insider Activity at Capital One Financial

In related news, CAO Timothy P. Golden sold 3,487 shares of Capital One Financial stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total value of $735,757.00. Following the completion of the sale, the chief accounting officer owned 7,429 shares of the company’s stock, valued at $1,567,519. The trade was a 31.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ravi Raghu sold 9,726 shares of the company’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the sale, the insider owned 26,328 shares of the company’s stock, valued at approximately $5,523,087.84. This trade represents a 26.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 22,186 shares of company stock valued at $4,697,301 in the last quarter. 0.78% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $221.77 on Tuesday. The firm’s 50-day moving average price is $205.76 and its 200-day moving average price is $198.08. 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 $136.05 billion, a PE ratio of 13.72, a PEG ratio of 0.84 and a beta of 1.02. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating the consensus estimate of $4.79 by $1.02. The firm had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm’s quarterly revenue was up 26.9% on a year-over-year basis. During the same period in the previous year, the company earned $5.48 earnings per share. As a group, analysts anticipate that Capital One Financial Corporation will post 20.19 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s payout ratio is 19.80%.

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.