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

Hotchkis & Wiley Capital Management LLC reduced its holdings in Capital One Financial Co. (NYSE:COF) by 3.1% during the 3rd quarter, Holdings Channel reports. The firm owned 919,665 shares of the financial services provider’s stock after selling 29,460 shares during the quarter. Hotchkis & Wiley Capital Management LLC’s holdings in Capital One Financial were worth $137,701,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Cetera Investment Advisers boosted its stake in shares of Capital One Financial by 338.5% in the first quarter. Cetera Investment Advisers now owns 42,673 shares of the financial services provider’s stock valued at $6,354,000 after purchasing an additional 32,942 shares during the period. Cetera Advisors LLC grew its position in Capital One Financial by 114.0% during the 1st quarter. Cetera Advisors LLC now owns 7,948 shares of the financial services provider’s stock worth $1,183,000 after purchasing an additional 4,234 shares during the period. Versant Capital Management Inc raised its stake in shares of Capital One Financial by 391.5% in the second quarter. Versant Capital Management Inc now owns 290 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 231 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of Capital One Financial by 29.2% during the second quarter. Park Avenue Securities LLC now owns 20,238 shares of the financial services provider’s stock worth $2,802,000 after buying an additional 4,579 shares during the period. Finally, CWM LLC grew its stake in Capital One Financial by 6.0% in the 2nd quarter. CWM LLC now owns 7,619 shares of the financial services provider’s stock worth $1,055,000 after acquiring an additional 431 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped 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 started 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 objective for the company. Royal Bank of Canada boosted their price objective on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Robert W. Baird raised their target price on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Evercore ISI increased their target price on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $160.18.

Insider Buying and Selling

In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the sale, the insider now directly owns 44,711 shares in the company, valued at approximately $7,153,760. The trade was a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the transaction, the insider now directly owns 19,776 shares in the company, valued at $3,211,029.12. This represents a 9.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,007 shares of company stock valued at $4,982,647 over the last ninety days. 1.30% of the stock is owned by company insiders.

Capital One Financial Trading Down 2.3 %

Shares of NYSE:COF opened at $187.52 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. The business has a 50-day moving average price of $166.58 and a 200-day moving average price of $149.52. The stock has a market cap of $71.54 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.40 and a beta of 1.45. Capital One Financial Co. has a 52-week low of $112.64 and a 52-week high of $198.30.

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

Capital One Financial Dividend Announcement

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

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.