Capital One Financial Corporation $COF Stake Reduced by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. lessened its holdings in Capital One Financial Corporation (NYSE:COF) by 3.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,819,563 shares of the financial services provider’s stock after selling 91,195 shares during the period. Capital One Financial accounts for about 2.8% of Diamond Hill Capital Management Inc.’s portfolio, making the stock its 6th biggest position. Diamond Hill Capital Management Inc.’s holdings in Capital One Financial were worth $599,383,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Atlantic Edge Private Wealth Management LLC increased its stake in shares of Capital One Financial by 66.7% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 50 shares during the period. FNY Investment Advisers LLC purchased a new stake in Capital One Financial in the second quarter valued at $28,000. Solstein Capital LLC acquired a new stake in Capital One Financial during the 2nd quarter worth about $28,000. Roble Belko & Company Inc purchased a new position in shares of Capital One Financial during the 2nd quarter valued at about $28,000. Finally, Howard Hughes Medical Institute acquired a new position in shares of Capital One Financial in the 2nd quarter valued at about $29,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Capital One Financial

In other news, insider Frank G. LapradeIii sold 17,840 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the completion of the sale, the insider owned 48,315 shares in the company, valued at approximately $10,727,379.45. The trade was a 26.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Celia Karam sold 2,108 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $218.25, for a total transaction of $460,071.00. Following the completion of the sale, the insider directly owned 59,269 shares of the company’s stock, valued at approximately $12,935,459.25. This trade represents a 3.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 52,114 shares of company stock worth $12,092,070. 1.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Capital One Financial from $237.00 to $256.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Keefe, Bruyette & Woods boosted their target price on shares of Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, January 2nd. BTIG Research lowered their price target on shares of Capital One Financial from $308.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, January 23rd. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, HSBC decreased their price objective on shares of Capital One Financial from $234.00 to $226.00 and set a “hold” rating for the company in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $274.70.

Capital One Financial Stock Up 2.7%

Shares of Capital One Financial stock opened at $222.72 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $259.64. The company has a market capitalization of $141.59 billion, a P/E ratio of 75.24, a P/E/G ratio of 0.66 and a beta of 1.14. The company has a 50 day moving average of $235.54 and a 200 day moving average of $223.54.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The firm had revenue of $15.62 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same period last year, the firm posted $2.67 earnings per share. Capital One Financial’s revenue for the quarter was up 53.3% on a year-over-year basis. As a group, research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th will be issued a $0.80 dividend. The ex-dividend date is Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. Capital One Financial’s dividend payout ratio is presently 108.11%.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.