Brandywine Global Investment Management LLC Sells 8,525 Shares of Capital One Financial Corporation $COF

Key Points

• Brandywine Global Investment Management LLC reduced its holdings in Capital One Financial by 4.6%, now owning 175,090 shares valued at approximately $31.39 million.
• Capital One reported strong quarterly earnings with an EPS of $5.48, exceeding estimates and reflecting a 31.4% increase in revenue year-over-year.
• The firm plans to pay a quarterly dividend of $0.60 per share, with an annualized yield of 1.1%, although its payout ratio currently stands at 123.08%.

Brandywine Global Investment Management LLC lowered its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 4.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 175,090 shares of the financial services provider's stock after selling 8,525 shares during the quarter. Brandywine Global Investment Management LLC's holdings in Capital One Financial were worth $31,394,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after acquiring an additional 10,428 shares during the last quarter. Mariner LLC boosted its stake in shares of Capital One Financial by 1.9% during the 4th quarter. Mariner LLC now owns 78,387 shares of the financial services provider's stock worth $13,978,000 after acquiring an additional 1,453 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in shares of Capital One Financial by 124.5% during the 4th quarter. CreativeOne Wealth LLC now owns 4,686 shares of the financial services provider's stock worth $836,000 after acquiring an additional 2,599 shares during the last quarter. Main Street Financial Solutions LLC purchased a new position in shares of Capital One Financial during the 4th quarter worth $320,000. Finally, NewEdge Advisors LLC boosted its stake in shares of Capital One Financial by 42.3% during the 4th quarter. NewEdge Advisors LLC now owns 10,202 shares of the financial services provider's stock worth $1,819,000 after acquiring an additional 3,031 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Price Performance

Shares of COF traded down $0.20 during trading hours on Wednesday, reaching $214.42. 1,436,350 shares of the stock traded hands, compared to its average volume of 4,424,069. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 52-week low of $131.55 and a 52-week high of $232.45. The company's 50-day moving average price is $211.78 and its two-hundred day moving average price is $193.80. The company has a market cap of $137.13 billion, a P/E ratio of 110.07, a price-to-earnings-growth ratio of 0.84 and a beta of 1.16.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. During the same quarter last year, the firm posted $3.14 EPS. The firm's quarterly revenue was up 31.4% compared to the same quarter last year. On average, analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, August 15th. Capital One Financial's payout ratio is currently 123.08%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on COF shares. Bank of America lifted their price target on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Rothschild & Co Redburn started coverage on shares of Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 price target on the stock. Royal Bank Of Canada lifted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price target on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen cut shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $238.81.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,091 shares of company stock worth $4,188,454. Insiders own 1.26% of the company's stock.

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.