Victory Capital Management Inc. Sells 40,885 Shares of Capital One Financial Co. (NYSE:COF)

Victory Capital Management Inc. lessened its holdings in Capital One Financial Co. (NYSE:COF) by 16.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,045 shares of the financial services provider’s stock after selling 40,885 shares during the quarter. Victory Capital Management Inc.’s holdings in Capital One Financial were worth $28,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Quent Capital LLC increased its holdings in Capital One Financial by 4.9% during the fourth quarter. Quent Capital LLC now owns 1,819 shares of the financial services provider’s stock worth $239,000 after buying an additional 85 shares during the last quarter. Greylin Investment Management Inc increased its stake in shares of Capital One Financial by 1.7% during the 4th quarter. Greylin Investment Management Inc now owns 6,070 shares of the financial services provider’s stock worth $796,000 after purchasing an additional 100 shares during the last quarter. 626 Financial LLC raised its holdings in shares of Capital One Financial by 4.2% in the 4th quarter. 626 Financial LLC now owns 2,591 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 105 shares during the period. MV Capital Management Inc. lifted its stake in Capital One Financial by 43.9% in the fourth quarter. MV Capital Management Inc. now owns 344 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 105 shares during the last quarter. Finally, HB Wealth Management LLC grew its holdings in Capital One Financial by 0.8% during the fourth quarter. HB Wealth Management LLC now owns 13,485 shares of the financial services provider’s stock valued at $1,768,000 after purchasing an additional 106 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on COF. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $159.00 price target on shares of Capital One Financial in a research report on Wednesday, March 27th. Piper Sandler upped their price objective on shares of Capital One Financial from $126.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, February 23rd. Wolfe Research raised shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price target on the stock in a research report on Thursday, April 4th. Wells Fargo & Company upped their price target on shares of Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Finally, Citigroup lifted their price objective on shares of Capital One Financial from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $138.50.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $142.51 on Wednesday. The company’s fifty day moving average price is $141.46 and its 200-day moving average price is $128.71. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00. The firm has a market capitalization of $54.18 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 1.03 and a beta of 1.46. Capital One Financial Co. has a one year low of $85.22 and a one year high of $149.94.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, April 25th. The financial services provider reported $3.21 EPS for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04). Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The firm had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.35 billion. During the same period in the prior year, the company earned $2.31 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that Capital One Financial Co. will post 13.7 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be given a $0.60 dividend. The ex-dividend date is Friday, May 10th. This represents a $2.40 dividend on an annualized basis and a yield of 1.68%. Capital One Financial’s payout ratio is 18.79%.

Insiders Place Their Bets

In other Capital One Financial news, insider Timothy P. Golden sold 8,656 shares of Capital One Financial stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the transaction, the insider now directly owns 10,246 shares of the company’s stock, valued at $1,475,833.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by insiders.

Capital One Financial Company 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.