Barrow Hanley Mewhinney & Strauss LLC Sells 61,274 Shares of Capital One Financial Corporation (COF)
Barrow Hanley Mewhinney & Strauss LLC cut its stake in Capital One Financial Corporation (NYSE:COF) by 2.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,999,038 shares of the financial services provider’s stock after selling 61,274 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 0.62% of Capital One Financial worth $253,898,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new stake in Capital One Financial during the 3rd quarter worth about $342,000. Public Employees Retirement System of Ohio increased its position in shares of Capital One Financial by 86.5% during the third quarter. Public Employees Retirement System of Ohio now owns 642,264 shares of the financial services provider’s stock worth $54,374,000 after purchasing an additional 297,918 shares in the last quarter. Davis Selected Advisers increased its position in shares of Capital One Financial by 43.7% during the third quarter. Davis Selected Advisers now owns 11,581,237 shares of the financial services provider’s stock worth $980,149,000 after purchasing an additional 3,519,332 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of Capital One Financial by 37.6% during the third quarter. Moors & Cabot Inc. now owns 3,846 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Yellowstone Partners LLC acquired a new stake in shares of Capital One Financial during the third quarter worth about $472,000. Hedge funds and other institutional investors own 88.43% of the company’s stock.
In related news, Director Ann F. Hackett sold 11,055 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $91.18, for a total value of $1,007,994.90. Following the sale, the director now owns 69,066 shares of the company’s stock, valued at approximately $6,297,437.88. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mayo A. Shattuck III sold 24,167 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $92.71, for a total value of $2,240,522.57. Following the completion of the sale, the director now directly owns 59,613 shares in the company, valued at approximately $5,526,721.23. The disclosure for this sale can be found here. Insiders have sold a total of 131,868 shares of company stock worth $12,378,192 in the last three months. Corporate insiders own 1.73% of the company’s stock.
Shares of Capital One Financial Corporation (NYSE COF) traded down $0.66 during trading hours on Friday, hitting $94.06. The stock had a trading volume of 2,001,500 shares, compared to its average volume of 2,590,345. The stock has a market cap of $45,914.97, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.41 and a beta of 1.28. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.07 and a quick ratio of 1.06. Capital One Financial Corporation has a fifty-two week low of $76.05 and a fifty-two week high of $96.92.
Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $2.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.27. The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.81 billion. Capital One Financial had a return on equity of 8.25% and a net margin of 13.34%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.03 EPS. sell-side analysts expect that Capital One Financial Corporation will post 7.97 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Monday, November 13th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Friday, November 10th. Capital One Financial’s dividend payout ratio (DPR) is 22.63%.
A number of research firms have recently commented on COF. Wedbush set a $95.00 target price on Capital One Financial and gave the stock a “hold” rating in a research report on Monday. Zacks Investment Research cut Capital One Financial from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Piper Jaffray Companies restated a “sell” rating and issued a $81.00 price target on shares of Capital One Financial in a research report on Friday, October 27th. BMO Capital Markets boosted their price target on Capital One Financial from $116.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Finally, Bank of America boosted their price target on Capital One Financial from $89.00 to $91.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $96.24.
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About Capital One Financial
Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.
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