Diamond Hill Capital Management LLC Investment Advisor Cuts Stock Position in Capital One Financial Corporation $COF

Diamond Hill Capital Management LLC Investment Advisor decreased its position in shares of Capital One Financial Corporation (NYSE:COF) by 28.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,449,993 shares of the financial services provider’s stock after selling 569,686 shares during the period. Capital One Financial comprises about 2.3% of Diamond Hill Capital Management LLC Investment Advisor’s holdings, making the stock its 7th largest holding. Diamond Hill Capital Management LLC Investment Advisor owned about 0.24% of Capital One Financial worth $290,898,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. HBK Sorce Advisory LLC lifted its stake in shares of Capital One Financial by 5.6% in the 2nd quarter. HBK Sorce Advisory LLC now owns 2,773 shares of the financial services provider’s stock valued at $615,000 after purchasing an additional 148 shares during the period. Continuum Advisory LLC boosted its position in shares of Capital One Financial by 2.5% during the second quarter. Continuum Advisory LLC now owns 5,761 shares of the financial services provider’s stock valued at $1,156,000 after purchasing an additional 143 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Capital One Financial in the second quarter worth $3,615,000. 1ST Source Bank purchased a new position in Capital One Financial during the second quarter valued at $368,000. Finally, SCS Capital Management LLC boosted its holdings in shares of Capital One Financial by 10.5% during the 2nd quarter. SCS Capital Management LLC now owns 33,883 shares of the financial services provider’s stock valued at $6,798,000 after buying an additional 3,213 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

COF stock opened at $227.19 on Monday. The stock’s 50 day simple moving average is $204.93 and its 200 day simple moving average is $198.05. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The stock has a market capitalization of $139.37 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. During the same quarter last year, the company earned $5.48 EPS. The company’s quarterly revenue was up 26.9% compared to the same quarter last year. As a group, research analysts forecast that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. Capital One Financial’s dividend payout ratio (DPR) is 19.80%.

Insiders Place Their Bets

In related news, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $218.02, for a total value of $1,193,223.46. Following the completion of the sale, the insider directly owned 27,992 shares in the company, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 3,487 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer directly owned 7,429 shares of the company’s stock, valued at approximately $1,567,519. This trade represents a 31.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,186 shares of company stock valued at $4,697,301 over the last quarter. Corporate insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on COF shares. Weiss Ratings raised shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Citigroup lowered their price target on shares of Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. TD Cowen dropped their price objective on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. BTIG Research upped their price objective on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Finally, Rothschild & Co Redburn cut their price objective on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and an average target price of $259.36.

Capital One Financial 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.