Brandywine Global Investment Management LLC Cuts Stake in Capital One Financial Corporation (NYSE:COF)

Brandywine Global Investment Management LLC reduced its stake in Capital One Financial Corporation (NYSE:COF) by 4.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 175,090 shares of the financial services provider’s stock after selling 8,525 shares during the period. Brandywine Global Investment Management LLC’s holdings in Capital One Financial were worth $31,394,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC lifted its holdings in Capital One Financial by 3.1% during the first quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 64 shares during the last quarter. Y.D. More Investments Ltd lifted its holdings in Capital One Financial by 13.9% during the first quarter. Y.D. More Investments Ltd now owns 540 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 66 shares during the last quarter. Aspiriant LLC lifted its holdings in Capital One Financial by 2.4% during the first quarter. Aspiriant LLC now owns 2,911 shares of the financial services provider’s stock valued at $522,000 after purchasing an additional 67 shares during the last quarter. Citizens National Bank Trust Department lifted its holdings in Capital One Financial by 25.7% during the first quarter. Citizens National Bank Trust Department now owns 328 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 67 shares during the last quarter. Finally, CVA Family Office LLC lifted its holdings in Capital One Financial by 5.9% during the first quarter. CVA Family Office LLC now owns 1,446 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 80 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider owned 27,364 shares in the company, valued at $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,091 shares of company stock worth $4,188,454. Insiders own 1.26% of the company’s stock.

Capital One Financial Stock Down 2.5%

COF stock opened at $215.48 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $211.17 and its 200 day moving average is $193.72. The stock has a market cap of $137.80 billion, a price-to-earnings ratio of 110.50, a price-to-earnings-growth ratio of 0.86 and a beta of 1.16. Capital One Financial Corporation has a 1-year low of $131.55 and a 1-year high of $232.45.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter last year, the company posted $3.14 earnings per share. Sell-side analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, August 15th. Capital One Financial’s dividend payout ratio is 123.08%.

Analysts Set New Price Targets

Several equities research analysts have commented on COF shares. Truist Financial upped their price objective on shares of Capital One Financial from $225.00 to $260.00 and gave the company a “buy” rating in a report on Monday, July 28th. TD Cowen raised shares of Capital One Financial from a “hold” rating to a “buy” rating and upped their price objective for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Citigroup upped their price target on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Wells Fargo & Company upped their price target on Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, Redburn Atlantic upgraded Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $238.81.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.