Capital One Financial Corporation $COF Holdings Trimmed by Ariel Investments LLC

Ariel Investments LLC lowered its holdings in Capital One Financial Corporation (NYSE:COF) by 35.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,311 shares of the financial services provider’s stock after selling 102,806 shares during the period. Ariel Investments LLC’s holdings in Capital One Financial were worth $40,065,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Dendur Capital LP purchased a new stake in Capital One Financial in the 2nd quarter worth about $42,978,000. Intact Investment Management Inc. boosted its position in Capital One Financial by 33.3% during the 2nd quarter. Intact Investment Management Inc. now owns 6,400 shares of the financial services provider’s stock worth $1,362,000 after acquiring an additional 1,600 shares during the period. Investment Management Corp of Ontario grew its stake in Capital One Financial by 235.0% during the 2nd quarter. Investment Management Corp of Ontario now owns 36,022 shares of the financial services provider’s stock valued at $7,664,000 after acquiring an additional 25,269 shares in the last quarter. AXA S.A. increased its holdings in shares of Capital One Financial by 33.0% in the 2nd quarter. AXA S.A. now owns 57,394 shares of the financial services provider’s stock valued at $12,211,000 after purchasing an additional 14,253 shares during the period. Finally, Lombard Odier Asset Management USA Corp acquired a new position in shares of Capital One Financial in the 2nd quarter valued at about $1,863,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on COF. Wolfe Research initiated coverage on shares of Capital One Financial in a research report on Monday. They set an “outperform” rating and a $270.00 price objective on the stock. Barclays lifted their target price on shares of Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. BTIG Research reaffirmed a “buy” rating and issued a $264.00 price target on shares of Capital One Financial in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. increased their price objective on Capital One Financial from $235.00 to $237.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Finally, Evercore ISI boosted their target price on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $262.05.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $230.74 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $146.69 billion, a price-to-earnings ratio of 97.36, a P/E/G ratio of 0.55 and a beta of 1.16. The business’s 50-day simple moving average is $216.33 and its 200-day simple moving average is $214.22. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $234.97.

Capital One Financial (NYSE:COF) last posted its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The firm had revenue of $15.46 billion during the quarter. As a group, equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s payout ratio is currently 135.02%.

Insiders Place Their Bets

In related news, CEO Richard D. Fairbank sold 103,487 shares of Capital One Financial stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total value of $22,837,511.16. Following the transaction, the chief executive officer owned 4,001,228 shares in the company, valued at $882,990,995.04. This trade represents a 2.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lia Dean sold 3,269 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $218.15, for a total transaction of $713,132.35. Following the sale, the insider owned 69,855 shares of the company’s stock, valued at $15,238,868.25. This trade represents a 4.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 280,218 shares of company stock worth $62,395,804 in the last ninety days. 1.26% of the stock is owned by insiders.

About Capital One Financial

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.