Lazard Asset Management LLC Has $4.78 Million Stake in Capital One Financial Co. (NYSE:COF)

Lazard Asset Management LLC lowered its position in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 45.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,806 shares of the financial services provider's stock after selling 22,229 shares during the quarter. Lazard Asset Management LLC's holdings in Capital One Financial were worth $4,779,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bfsg LLC bought a new stake in Capital One Financial during the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Capital One Financial in the fourth quarter valued at approximately $27,000. TruNorth Capital Management LLC acquired a new position in Capital One Financial in the fourth quarter valued at approximately $29,000. Decker Retirement Planning Inc. bought a new position in Capital One Financial in the fourth quarter valued at approximately $32,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Capital One Financial during the 4th quarter worth $32,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Stock Up 0.1%

COF traded up $0.14 during trading on Monday, hitting $197.36. The company had a trading volume of 6,046,582 shares, compared to its average volume of 3,370,461. The firm's 50-day moving average price is $175.69 and its 200 day moving average price is $183.94. The company has a market capitalization of $75.62 billion, a PE ratio of 17.03, a PEG ratio of 1.19 and a beta of 1.13. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a one year low of $128.23 and a one year high of $210.67.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.31. The company had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.07 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. As a group, equities analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 1.22%. Capital One Financial's dividend payout ratio is currently 20.15%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Robert W. Baird raised Capital One Financial from a "neutral" rating to an "outperform" rating and increased their price target for the company from $190.00 to $200.00 in a research note on Tuesday, March 11th. Baird R W raised Capital One Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Evercore ISI upgraded Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 target price for the company in a research report on Wednesday, March 12th. Argus upgraded shares of Capital One Financial to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, Barclays lifted their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $207.73.

Insider Activity

In other news, Director Ann F. Hackett sold 1,658 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the transaction, the director now owns 56,244 shares in the company, valued at $11,175,682.80. This trade represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $199.40, for a total value of $1,906,264.00. Following the sale, the insider now owns 20,089 shares in the company, valued at $4,005,746.60. The trade was a 32.24% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

About Capital One Financial

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.