Hotchkis & Wiley Capital Management LLC Buys 186,006 Shares of Capital One Financial Corporation $COF

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Capital One Financial by 21.1%, acquiring an additional 186,006 shares during the first quarter, bringing their total ownership to over $191 million.
• Capital One's recent earnings report indicated an EPS of $5.48, significantly exceeding analysts' estimates of $1.93, alongside a 31.4% increase in revenue year-over-year.
• In addition to their strong financial performance, Capital One Financial announced a quarterly dividend of $0.60 per share, with a dividend yield of 1.1%.

Hotchkis & Wiley Capital Management LLC grew its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 21.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,069,354 shares of the financial services provider's stock after purchasing an additional 186,006 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.28% of Capital One Financial worth $191,735,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Beacon Capital Management LLC boosted its stake in Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after acquiring an additional 97 shares in the last quarter. Bogart Wealth LLC boosted its stake in Capital One Financial by 1,518.8% during the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after acquiring an additional 243 shares in the last quarter. Motco boosted its stake in Capital One Financial by 115.1% during the first quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after acquiring an additional 137 shares in the last quarter. Rossby Financial LCC bought a new position in shares of Capital One Financial in the first quarter worth approximately $48,000. Finally, Bernard Wealth Management Corp. bought a new position in shares of Capital One Financial in the first quarter worth approximately $54,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Performance

COF stock traded up $3.78 during midday trading on Tuesday, reaching $224.88. 3,671,782 shares of the company's stock traded hands, compared to its average volume of 3,360,861. Capital One Financial Corporation has a 52-week low of $131.55 and a 52-week high of $232.45. The stock has a market cap of $143.81 billion, a P/E ratio of 12.90, a PEG ratio of 0.86 and a beta of 1.16. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock's 50-day moving average is $213.40 and its 200 day moving average is $194.14.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts' consensus estimates 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 period in the prior year, the company posted $3.14 earnings per share. The firm's quarterly revenue was up 31.4% on a year-over-year basis. As a group, analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid 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 dividend yield of 1.1%. Capital One Financial's dividend payout ratio is 123.08%.

Analysts Set New Price Targets

COF has been the topic of several analyst reports. Citigroup upped their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. upped their target price 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. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and upped their target price for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Wells Fargo & Company upped their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada upped their target price 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. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $238.81.

Insider Transactions at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of the 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 completion of the sale, the insider directly owned 27,364 shares of the company's stock, valued at $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction 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 completion of the sale, the insider directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,298 shares of company stock valued at $4,233,044 over the last three months. Corporate insiders own 1.26% of the company's stock.

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.