Today, Pzena Investment Management LLC Buys Shares of 3,190,520 Capital One Financial Corp. (COF)

Today, Pzena Investment Management LLC Buys Shares of 3,190,520 Capital One Financial Corp. (COF)

Pzena Investment Management LLC bought a new position in shares of Capital One Financial Corp. (NYSE:COF) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,190,520 shares of the financial services provider’s stock, valued at approximately $229,175,000. Capital One Financial Corp. makes up 1.4% of Pzena Investment Management LLC’s portfolio, making the stock its 28th largest position. Pzena Investment Management LLC owned approximately 0.64% of Capital One Financial Corp. as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. Foundry Partners LLC raised its position in Capital One Financial Corp. by 3.5% in the second quarter. Foundry Partners LLC now owns 173,792 shares of the financial services provider’s stock worth $11,038,000 after buying an additional 5,925 shares during the last quarter. Tompkins Financial Corp raised its position in Capital One Financial Corp. by 0.4% in the second quarter. Tompkins Financial Corp now owns 13,482 shares of the financial services provider’s stock worth $856,000 after buying an additional 54 shares during the last quarter. Fisher Asset Management LLC bought a new position in Capital One Financial Corp. during the second quarter worth about $12,950,000. Breton Hill Capital Ltd. raised its position in Capital One Financial Corp. by 35.5% in the second quarter. Breton Hill Capital Ltd. now owns 16,007 shares of the financial services provider’s stock worth $1,017,000 after buying an additional 4,192 shares during the last quarter. Finally, Banced Corp bought a new position in Capital One Financial Corp. during the second quarter worth about $229,000. 90.62% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Corp. (NYSE:COF) opened at 84.62 on Friday. The company has a 50-day moving average price of $75.89 and a 200-day moving average price of $70.53. Capital One Financial Corp. has a one year low of $58.03 and a one year high of $84.80. The stock has a market cap of $42.40 billion, a P/E ratio of 12.09 and a beta of 1.21.

Capital One Financial Corp. (NYSE:COF) last issued its earnings results on Tuesday, October 25th. The financial services provider reported $2.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.09. The business earned $6.46 billion during the quarter, compared to analysts’ expectations of $432.47 million. Capital One Financial Corp. had a return on equity of 8.44% and a net margin of 14.37%. Capital One Financial Corp.’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.10 earnings per share. On average, analysts anticipate that Capital One Financial Corp. will post $7.06 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Monday, November 14th will be given a $0.40 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.89%. Capital One Financial Corp.’s dividend payout ratio (DPR) is presently 22.82%.

A number of analysts recently weighed in on the company. Robert W. Baird downgraded Capital One Financial Corp. from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $78.00 to $82.00 in a research note on Wednesday, November 16th. Stifel Nicolaus downgraded Capital One Financial Corp. from a “buy” rating to a “hold” rating and lifted their price target for the company from $76.00 to $84.00 in a research note on Monday, November 14th. Jefferies Group restated a “hold” rating and issued a $69.00 price target on shares of Capital One Financial Corp. in a research note on Friday, October 28th. Oppenheimer Holdings Inc. restated an “underperform” rating and issued a $60.00 price target (up from $59.00) on shares of Capital One Financial Corp. in a research note on Sunday, October 30th. Finally, Wedbush assumed coverage on Capital One Financial Corp. in a research note on Monday, October 10th. They issued a “neutral” rating and a $78.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $79.31.

In other news, CEO Richard D. Fairbank sold 265,914 shares of the firm’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $75.16, for a total value of $19,986,096.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard D. Fairbank sold 4,300 shares of the firm’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $75.12, for a total value of $323,016.00. Following the completion of the sale, the chief executive officer now directly owns 2,597,316 shares of the company’s stock, valued at approximately $195,110,377.92. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

About Capital One Financial Corp.

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