Capital One Financial Corporation $COF is Pzena Investment Management LLC’s 8th Largest Position

Pzena Investment Management LLC decreased its position in Capital One Financial Corporation (NYSE:COF) by 0.6% in the fourth quarter, Holdings Channel reports. The firm owned 5,020,853 shares of the financial services provider’s stock after selling 31,281 shares during the period. Capital One Financial accounts for 3.7% of Pzena Investment Management LLC’s investment portfolio, making the stock its 8th largest holding. Pzena Investment Management LLC’s holdings in Capital One Financial were worth $1,216,854,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of COF. Meridian Wealth Management LLC raised its stake in Capital One Financial by 334.8% in the third quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock worth $1,999,000 after buying an additional 7,241 shares in the last quarter. National Pension Service raised its stake in Capital One Financial by 4.0% in the third quarter. National Pension Service now owns 1,552,736 shares of the financial services provider’s stock worth $330,081,000 after buying an additional 59,100 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Capital One Financial by 17.3% in the third quarter. Jones Financial Companies Lllp now owns 129,013 shares of the financial services provider’s stock worth $28,861,000 after buying an additional 19,059 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Capital One Financial by 58.5% in the third quarter. B. Riley Wealth Advisors Inc. now owns 36,685 shares of the financial services provider’s stock worth $7,798,000 after buying an additional 13,539 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Capital One Financial by 16.6% in the third quarter. Victory Capital Management Inc. now owns 378,450 shares of the financial services provider’s stock worth $80,451,000 after buying an additional 53,961 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF stock opened at $186.62 on Friday. The business’s fifty day simple moving average is $188.24 and its 200-day simple moving average is $210.64. The company has a market cap of $116.13 billion, a PE ratio of 65.48, a PEG ratio of 0.68 and a beta of 1.05. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. Capital One Financial Corporation has a 12-month low of $174.98 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The business had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business’s revenue for the quarter was up 52.3% on a year-over-year basis. During the same period in the previous year, the company posted $4.06 earnings per share. Analysts expect that Capital One Financial Corporation will post 19.17 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio is presently 112.28%.

Insider Buying and Selling at Capital One Financial

In related news, insider Celia Karam sold 1,749 shares of the company’s stock in a transaction on 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 directly owned 61,579 shares of the company’s stock, valued at $11,858,883.82. This represents a 2.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total value of $643,755.00. Following the completion of the transaction, the general counsel directly owned 97,194 shares in the company, valued at approximately $17,876,892.42. The trade was a 3.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 49,904 shares of company stock valued at $9,528,159. Corporate insiders own 0.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $300.00 price objective on shares of Capital One Financial in a research note on Monday, March 16th. UBS Group reduced their price objective on shares of Capital One Financial from $283.00 to $270.00 in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Finally, Morgan Stanley reduced their price target on Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Seventeen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and an average target price of $258.75.

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.