Capital One Financial Co. (NYSE:COF) Stock Position Trimmed by Pzena Investment Management LLC

Pzena Investment Management LLC lessened its holdings in Capital One Financial Co. (NYSE:COF) by 11.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,167,716 shares of the financial services provider’s stock after selling 771,836 shares during the quarter. Capital One Financial accounts for about 3.8% of Pzena Investment Management LLC’s holdings, making the stock its 3rd biggest position. Pzena Investment Management LLC’s holdings in Capital One Financial were worth $1,099,827,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in COF. Bfsg LLC acquired a new stake in shares of Capital One Financial during the 4th quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Capital One Financial during the 4th quarter valued at approximately $27,000. TruNorth Capital Management LLC acquired a new stake in shares of Capital One Financial during the 4th quarter valued at approximately $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Capital One Financial during the 4th quarter valued at approximately $32,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Capital One Financial during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the subject of a number of research reports. Wells Fargo & Company lifted their price target on shares of Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and lifted their price target for the company from $207.00 to $235.00 in a research report on Wednesday, February 19th. Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Argus upgraded Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Barclays lifted their price objective on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $202.27.

Capital One Financial Trading Down 5.5 %

NYSE COF opened at $163.62 on Tuesday. The company has a market cap of $62.39 billion, a P/E ratio of 14.12, a P/E/G ratio of 1.19 and a beta of 1.47. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $210.67. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The company has a 50-day moving average of $193.21 and a 200-day moving average of $174.92.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the previous year, the firm earned $2.81 earnings per share. Capital One Financial’s revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

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.