Ceredex Value Advisors LLC Sells 103,467 Shares of Capital One Financial Corporation $COF

Key Points

• Ceredex Value Advisors LLC reduced its stake in Capital One Financial by 20.9%, owning now approximately 390,817 shares valued at $70.07 million.
• Several institutional investors, including Brighton Jones LLC and Coldstream Capital Management Inc., significantly increased their holdings in Capital One during the last quarter, reflecting a diverse investment strategy.
• The company reported an EPS of $5.48 for the last quarter, surpassing estimates by $3.55, though its revenue was slightly below expectations at $12.49 billion.

Ceredex Value Advisors LLC trimmed its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 20.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 390,817 shares of the financial services provider's stock after selling 103,467 shares during the period. Capital One Financial makes up 1.5% of Ceredex Value Advisors LLC's investment portfolio, making the stock its 9th biggest holding. Ceredex Value Advisors LLC owned approximately 0.10% of Capital One Financial worth $70,073,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. TFB Advisors LLC grew its position in Capital One Financial by 3.4% during the 1st quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock worth $276,000 after purchasing an additional 51 shares during the last quarter. Opal Wealth Advisors LLC increased its stake in Capital One Financial by 3.1% in the 1st quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock valued at $386,000 after buying an additional 64 shares during the period. Y.D. More Investments Ltd boosted its position in shares of Capital One Financial by 13.9% during the 1st quarter. Y.D. More Investments Ltd now owns 540 shares of the financial services provider's stock worth $97,000 after purchasing an additional 66 shares in the last quarter. Aspiriant LLC lifted its holdings in Capital One Financial by 2.4% in the 1st quarter. Aspiriant LLC now owns 2,911 shares of the financial services provider's stock valued at $522,000 after purchasing an additional 67 shares in the last quarter. Finally, Citizens National Bank Trust Department increased its stake in shares of Capital One Financial by 25.7% during the 1st quarter. Citizens National Bank Trust Department now owns 328 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Transactions 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 dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the transaction, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. 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 the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the sale, the insider owned 68,707 shares of the company's stock, 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. Insiders sold 19,298 shares of company stock valued at $4,233,044 over the last 90 days. Corporate insiders own 1.26% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays restated an "overweight" rating and set a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and lifted their price target for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Rothschild & Co Redburn started coverage on Capital One Financial in a research report on Friday, August 1st. They set a "buy" rating and a $290.00 price objective on the stock. Royal Bank Of Canada boosted their price objective on 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. Finally, JPMorgan Chase & Co. increased their price target on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Capital One Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $238.81.

Capital One Financial Stock Performance

Shares of Capital One Financial stock traded up $0.29 during trading hours on Friday, reaching $227.43. The company had a trading volume of 2,551,623 shares, compared to its average volume of 4,374,662. The firm has a market cap of $145.44 billion, a PE ratio of 116.63, a price-to-earnings-growth ratio of 0.88 and a beta of 1.16. Capital One Financial Corporation has a one year low of $131.55 and a one year high of $232.45. The business has a fifty day simple moving average of $215.19 and a 200 day simple moving average of $194.76. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

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

Capital One Financial Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial's payout ratio is presently 123.08%.

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.