Hotchkis & Wiley Capital Management LLC Sells 29,460 Shares of Capital One Financial Co. (NYSE:COF)

Hotchkis & Wiley Capital Management LLC trimmed its holdings in Capital One Financial Co. (NYSE:COF) by 3.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 919,665 shares of the financial services provider’s stock after selling 29,460 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.24% of Capital One Financial worth $137,701,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Holocene Advisors LP boosted its stake in shares of Capital One Financial by 102.2% in the third quarter. Holocene Advisors LP now owns 348,025 shares of the financial services provider’s stock worth $52,110,000 after acquiring an additional 175,906 shares during the last quarter. Ascent Group LLC boosted its holdings in Capital One Financial by 6.2% in the third quarter. Ascent Group LLC now owns 20,077 shares of the financial services provider’s stock valued at $3,006,000 after acquiring an additional 1,177 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in Capital One Financial by 309.3% in the third quarter. Benjamin Edwards Inc. now owns 6,929 shares of the financial services provider’s stock valued at $1,038,000 after buying an additional 5,236 shares during the last quarter. Atom Investors LP acquired a new position in shares of Capital One Financial during the third quarter worth approximately $10,563,000. Finally, Azora Capital LP acquired a new stake in shares of Capital One Financial during the 3rd quarter valued at $28,562,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Trading Down 2.3 %

Shares of NYSE:COF opened at $187.52 on Tuesday. The company has a market cap of $71.54 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.40 and a beta of 1.45. Capital One Financial Co. has a 12-month low of $112.64 and a 12-month high of $198.30. The stock has a 50 day moving average of $166.58 and a 200 day moving average of $149.52. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.45 earnings per share. As a group, equities research analysts expect that Capital One Financial Co. will post 13.54 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.28%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s payout ratio is 22.66%.

Wall Street Analysts Forecast Growth

COF has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Citigroup assumed coverage on shares of Capital One Financial in a research note on Friday, September 20th. They issued a “buy” rating and a $190.00 price target for the company. Evercore ISI raised their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their price target on Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group increased their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $160.18.

Insiders Place Their Bets

In other Capital One Financial news, insider Michael Zamsky sold 10,541 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now directly owns 26,482 shares in the company, valued at approximately $5,038,465.32. This trade represents a 28.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the sale, the insider now owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,007 shares of company stock worth $4,982,647. 1.30% of the stock is owned by corporate 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.