LSV Asset Management Sells 138,200 Shares of Capital One Financial Co. (NYSE:COF)

LSV Asset Management trimmed its holdings in shares of Capital One Financial Co. (NYSE:COF) by 10.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,239,040 shares of the financial services provider’s stock after selling 138,200 shares during the quarter. LSV Asset Management’s holdings in Capital One Financial were worth $171,545,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cantor Fitzgerald Investment Advisors L.P. bought a new stake in shares of Capital One Financial in the 4th quarter valued at $2,299,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Capital One Financial by 21.4% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider’s stock valued at $4,093,000 after purchasing an additional 4,840 shares during the last quarter. Twin Tree Management LP boosted its stake in Capital One Financial by 5.6% during the first quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider’s stock worth $10,200,000 after acquiring an additional 3,609 shares in the last quarter. Clear Harbor Asset Management LLC bought a new position in Capital One Financial during the second quarter worth $511,000. Finally, QRG Capital Management Inc. boosted its stake in Capital One Financial by 3.2% during the second quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider’s stock worth $16,927,000 after acquiring an additional 3,776 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Performance

NYSE COF traded down $3.09 during trading hours on Friday, reaching $139.00. 2,381,660 shares of the company were exchanged, compared to its average volume of 2,467,348. Capital One Financial Co. has a 1 year low of $88.23 and a 1 year high of $153.35. The business’s 50 day simple moving average is $141.55 and its 200-day simple moving average is $140.42. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $52.85 billion, a P/E ratio of 10.88, a P/E/G ratio of 1.16 and a beta of 1.44.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter last year, the business posted $3.52 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities research analysts expect that Capital One Financial Co. will post 13.1 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were given a dividend of $0.60 per share. The ex-dividend date was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a yield of 1.73%. Capital One Financial’s dividend payout ratio is presently 18.79%.

Insiders Place Their Bets

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the transaction, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the transaction, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the transaction, the chief executive officer now owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on COF. Evercore ISI cut their target price on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. BTIG Research began coverage on shares of Capital One Financial in a research note on Friday, June 7th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, July 8th. Bank of America increased their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $145.00 to $165.00 in a report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $145.89.

Capital One Financial Company Profile

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.