Capital One Financial Corporation $COF is Diamond Hill Capital Management Inc.’s 4th Largest Position

Diamond Hill Capital Management Inc. reduced its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 11.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,487,661 shares of the financial services provider’s stock after selling 331,902 shares during the quarter. Capital One Financial accounts for 3.1% of Diamond Hill Capital Management Inc.’s portfolio, making the stock its 4th largest position. Diamond Hill Capital Management Inc.’s holdings in Capital One Financial were worth $602,910,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. VSM Wealth Advisory LLC purchased a new stake in Capital One Financial during the fourth quarter worth approximately $27,000. Strive Asset Management LLC purchased a new stake in Capital One Financial during the third quarter worth approximately $28,000. Olistico Wealth LLC purchased a new stake in Capital One Financial during the fourth quarter worth approximately $30,000. Rakuten Securities Inc. boosted its stake in shares of Capital One Financial by 550.0% in the fourth quarter. Rakuten Securities Inc. now owns 130 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 110 shares during the period. Finally, WFA of San Diego LLC purchased a new position in shares of Capital One Financial in the second quarter valued at $32,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

COF has been the subject of several analyst reports. TD Cowen decreased their target price on shares of Capital One Financial from $290.00 to $260.00 and set a “buy” rating for the company in a research note on Tuesday, March 31st. UBS Group decreased their target price on shares of Capital One Financial from $283.00 to $270.00 in a research note on Wednesday, May 6th. Morgan Stanley decreased their target price on shares of Capital One Financial from $300.00 to $273.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a research note on Friday, March 27th. Finally, BTIG Research restated a “buy” rating and issued a $224.00 target price on shares of Capital One Financial in a research note on Wednesday, April 22nd. Seventeen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $258.75.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Neal Blinde sold 38,135 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the sale, the insider directly owned 33,551 shares of the company’s stock, valued at approximately $6,391,801.01. This represents a 53.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total transaction of $643,755.00. Following the sale, the general counsel directly owned 97,194 shares in the company, valued at $17,876,892.42. This trade represents a 3.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 49,904 shares of company stock valued at $9,528,159 in the last ninety days. 0.78% of the stock is owned by insiders.

Capital One Financial Trading Down 0.3%

COF opened at $186.62 on Friday. The stock has a market capitalization of $116.13 billion, a PE ratio of 65.48, a P/E/G ratio of 0.68 and a beta of 1.05. The firm’s fifty day moving average price is $188.24 and its 200 day moving average price is $210.64. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03. Capital One Financial Corporation has a 12-month low of $174.98 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.08 by ($0.66). The company had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The company’s revenue was up 52.3% on a year-over-year basis. During the same period in the prior year, the company earned $4.06 earnings per share. As a group, research analysts expect that Capital One Financial Corporation will post 19.17 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $3.20 annualized dividend and a yield of 1.7%. Capital One Financial’s dividend payout ratio is currently 112.28%.

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.