Diamond Hill Capital Management Inc. Invests $381.85 Million in Capital One Financial Corporation (NYSE:COF)

Diamond Hill Capital Management Inc. acquired a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,129,660 shares of the financial services provider's stock, valued at approximately $381,848,000. Capital One Financial comprises approximately 1.8% of Diamond Hill Capital Management Inc.'s holdings, making the stock its 20th biggest position. Diamond Hill Capital Management Inc. owned 0.56% of Capital One Financial at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of COF. Quadrant Capital Group LLC lifted its holdings in Capital One Financial by 1.0% during the fourth quarter. Quadrant Capital Group LLC now owns 5,247 shares of the financial services provider's stock worth $936,000 after acquiring an additional 54 shares during the period. Family Legacy Inc. lifted its holdings in Capital One Financial by 0.8% during the fourth quarter. Family Legacy Inc. now owns 7,980 shares of the financial services provider's stock worth $1,438,000 after acquiring an additional 60 shares during the period. Opal Wealth Advisors LLC lifted its holdings in Capital One Financial by 3.1% during the first quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock worth $386,000 after acquiring an additional 64 shares during the period. Aspiriant LLC lifted its holdings in Capital One Financial by 2.4% during the first quarter. Aspiriant LLC now owns 2,911 shares of the financial services provider's stock worth $522,000 after acquiring an additional 67 shares during the period. Finally, Citizens National Bank Trust Department lifted its holdings in Capital One Financial by 25.7% during the first quarter. Citizens National Bank Trust Department now owns 328 shares of the financial services provider's stock worth $59,000 after acquiring an additional 67 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction dated 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 completion of the transaction, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the business'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 transaction, the director owned 56,244 shares of the company's stock, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,332 shares of company stock worth $4,540,285 over the last ninety days. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Stock Performance

Shares of NYSE COF traded up $1.28 during mid-day trading on Friday, hitting $212.61. The company had a trading volume of 4,501,689 shares, compared to its average volume of 3,771,397. Capital One Financial Corporation has a 1 year low of $128.23 and a 1 year high of $232.45. The stock's 50-day moving average price is $204.67 and its 200-day moving average price is $191.55. The company has a current ratio of 1.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $81.46 billion, a price-to-earnings ratio of 109.03, a P/E/G ratio of 0.86 and a beta of 1.15.

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

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.13%. The ex-dividend date was Friday, May 23rd. Capital One Financial's payout ratio is 123.08%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wall Street Zen raised Capital One Financial from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Citigroup raised their target price on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday. Truist Financial raised their target price on Capital One Financial from $215.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Barclays reissued an "overweight" rating and issued a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Finally, Royal Bank Of Canada raised their target price on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $233.07.

Capital One Financial 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.