Pzena Investment Management LLC Has $835.55 Million Holdings in Capital One Financial Corporation $COF

Pzena Investment Management LLC trimmed its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 8.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,580,120 shares of the financial services provider’s stock after selling 440,733 shares during the quarter. Capital One Financial comprises 2.7% of Pzena Investment Management LLC’s portfolio, making the stock its 11th biggest holding. Pzena Investment Management LLC’s holdings in Capital One Financial were worth $835,551,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Eagle Bluffs Wealth Management LLC lifted its stake in shares of Capital One Financial by 1.4% in the first quarter. Eagle Bluffs Wealth Management LLC now owns 13,320 shares of the financial services provider’s stock worth $2,430,000 after buying an additional 186 shares during the last quarter. Reliant Investment Management LLC lifted its position in Capital One Financial by 2.6% during the 1st quarter. Reliant Investment Management LLC now owns 27,586 shares of the financial services provider’s stock worth $5,033,000 after acquiring an additional 700 shares during the last quarter. LB Partners LLC lifted its position in Capital One Financial by 9.4% during the 1st quarter. LB Partners LLC now owns 70,056 shares of the financial services provider’s stock worth $12,780,000 after acquiring an additional 6,000 shares during the last quarter. Deltec Asset Management LLC boosted its holdings in Capital One Financial by 810.8% during the first quarter. Deltec Asset Management LLC now owns 48,270 shares of the financial services provider’s stock valued at $8,806,000 after acquiring an additional 42,970 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its holdings in Capital One Financial by 6.4% during the first quarter. Deprince Race & Zollo Inc. now owns 116,549 shares of the financial services provider’s stock valued at $21,262,000 after acquiring an additional 7,005 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Truist Financial cut their price objective on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Evercore reduced their price objective on Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a research report on Monday, April 6th. BTIG Research boosted 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 report on Tuesday. JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Finally, TD Cowen cut their price objective on shares of Capital One Financial from $290.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $260.19.

Capital One Financial Trading Up 1.9%

COF opened at $204.49 on Thursday. The firm has a 50-day moving average price of $190.97 and a two-hundred day moving average price of $205.07. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $127.25 billion, a PE ratio of 71.75, a PEG ratio of 0.72 and a beta of 1.02.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The business had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.68 billion. During the same period last year, the business posted $4.06 EPS. The firm’s revenue for the quarter was up 52.3% compared to the same quarter last year. As a group, equities analysts anticipate that Capital One Financial Corporation will post 19.53 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s payout ratio is 112.28%.

Insider Activity at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total value of $643,755.00. Following the completion of the sale, the general counsel owned 97,194 shares of the company’s stock, valued at approximately $17,876,892.42. This represents a 3.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of Capital One Financial stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the transaction, the insider owned 61,579 shares of the company’s stock, valued at $11,858,883.82. The trade was a 2.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.78% of the company’s stock.

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.