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

Victory Capital Management Inc. reduced its position in shares of Capital One Financial Co. (NYSE:COF) by 16.0% in the 4th quarter, according to its most recent Form 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 period. Victory Capital Management Inc. owned about 0.06% of Capital One Financial worth $28,066,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Comerica Bank grew its position in Capital One Financial by 158.7% in the third quarter. Comerica Bank now owns 87,852 shares of the financial services provider’s stock valued at $8,526,000 after purchasing an additional 53,894 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Capital One Financial by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,498,413 shares of the financial services provider’s stock valued at $242,471,000 after acquiring an additional 40,585 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Capital One Financial by 15.2% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 76,695 shares of the financial services provider’s stock valued at $7,443,000 after acquiring an additional 10,107 shares in the last quarter. Rafferty Asset Management LLC increased its position in shares of Capital One Financial by 4.3% in the third quarter. Rafferty Asset Management LLC now owns 131,964 shares of the financial services provider’s stock valued at $12,807,000 after acquiring an additional 5,439 shares during the last quarter. Finally, Mariner LLC raised its holdings in Capital One Financial by 3.5% during the third quarter. Mariner LLC now owns 65,596 shares of the financial services provider’s stock worth $6,366,000 after acquiring an additional 2,228 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Capital One Financial

In related news, insider Timothy P. Golden sold 8,656 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total value of $1,246,810.24. Following the completion of the transaction, the insider now 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 SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on COF shares. 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Capital One Financial in a research report on Wednesday, January 10th. They set a “hold” rating and a $153.00 price target on the stock. Wolfe Research raised shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price objective for the company in a research report on Thursday, April 4th. UBS Group boosted their price objective on shares of Capital One Financial from $132.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Finally, Royal Bank of Canada raised their target price on shares of Capital One Financial from $142.00 to $150.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $138.50.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $142.51 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $54.18 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 1.03 and a beta of 1.46. Capital One Financial Co. has a twelve month low of $85.22 and a twelve month high of $149.94. The company has a 50-day simple moving average of $141.46 and a two-hundred day simple moving average of $128.71.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.21 earnings per share for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04). The business had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.35 billion. Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.31 earnings per share. Analysts forecast that Capital One Financial Co. will post 13.7 EPS for the current year.

Capital One Financial Dividend Announcement

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

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.