Capital One Financial Corporation (NYSE:COF) Stock Holdings Lessened by Pzena Investment Management LLC

Pzena Investment Management LLC lessened its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 9.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,566,112 shares of the financial services provider's stock after selling 601,604 shares during the quarter. Capital One Financial comprises approximately 3.5% of Pzena Investment Management LLC's portfolio, making the stock its 7th biggest holding. Pzena Investment Management LLC owned 1.46% of Capital One Financial worth $998,004,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Capital One Financial by 54.6% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 3,476 shares of the financial services provider's stock worth $624,000 after buying an additional 1,227 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of Capital One Financial by 12.8% in the first quarter. Kingsview Wealth Management LLC now owns 9,353 shares of the financial services provider's stock worth $1,677,000 after purchasing an additional 1,065 shares during the last quarter. Bailard Inc. increased its position in shares of Capital One Financial by 3.2% in the first quarter. Bailard Inc. now owns 42,331 shares of the financial services provider's stock worth $7,590,000 after purchasing an additional 1,328 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of Capital One Financial by 3.1% in the first quarter. Verdence Capital Advisors LLC now owns 3,432 shares of the financial services provider's stock worth $615,000 after purchasing an additional 102 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in shares of Capital One Financial by 1.0% in the first quarter. Cullen Frost Bankers Inc. now owns 11,384 shares of the financial services provider's stock worth $2,041,000 after purchasing an additional 114 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on COF. Truist Financial upped their price objective on shares of Capital One Financial from $215.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Keefe, Bruyette & Woods upped their price objective on shares of Capital One Financial from $232.00 to $248.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada set a $190.00 price objective on shares of Capital One Financial and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Bank of America increased their price target on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Wells Fargo & Company increased their price target on shares of Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $222.07.

Insider Activity

In other news, Director Ann F. Hackett sold 1,658 shares of Capital One Financial 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 owned 56,244 shares of the company's stock, valued at $11,175,682.80. The trade was a 2.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Zamsky sold 9,560 shares of Capital One Financial 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 completion of the sale, the insider owned 20,089 shares of the company's stock, valued at $4,005,746.60. The trade was a 32.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Capital One Financial Trading Up 0.6%

Shares of Capital One Financial stock traded up $1.35 on Thursday, hitting $217.97. The stock had a trading volume of 3,584,304 shares, compared to its average volume of 3,627,461. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.65. Capital One Financial Corporation has a one year low of $128.23 and a one year high of $221.95. The stock has a market cap of $83.51 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 0.90 and a beta of 1.15. The stock's 50-day simple moving average is $201.81 and its two-hundred day simple moving average is $189.72.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.07 billion. As a group, sell-side analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial's dividend payout ratio is presently 20.15%.

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.