Lazard Asset Management LLC Decreases Stock Holdings in Capital One Financial Corporation $COF

Lazard Asset Management LLC lowered its stake in Capital One Financial Corporation (NYSE:COF) by 21.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 23,881 shares of the financial services provider’s stock after selling 6,661 shares during the quarter. Lazard Asset Management LLC’s holdings in Capital One Financial were worth $4,357,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COF. First Command Advisory Services Inc. raised its position in Capital One Financial by 4.5% during the fourth quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 46 shares during the period. Dogwood Wealth Management LLC grew its position in shares of Capital One Financial by 26.0% in the fourth quarter. Dogwood Wealth Management LLC now owns 228 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 47 shares during the period. Pflug Koory LLC increased its stake in shares of Capital One Financial by 1.6% during the fourth quarter. Pflug Koory LLC now owns 3,086 shares of the financial services provider’s stock worth $748,000 after purchasing an additional 48 shares in the last quarter. High Note Wealth LLC increased its stake in shares of Capital One Financial by 44.9% during the fourth quarter. High Note Wealth LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 48 shares in the last quarter. Finally, Fiducient Advisors LLC raised its position in shares of Capital One Financial by 4.2% during the 4th quarter. Fiducient Advisors LLC now owns 1,196 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Activity

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total transaction of $728,000.00. Following the completion of the sale, the general counsel directly owned 90,194 shares in the company, valued at approximately $18,760,352. This trade represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total transaction of $735,757.00. Following the sale, the chief accounting officer owned 7,429 shares of the company’s stock, valued at approximately $1,567,519. The trade was a 31.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 10,487 shares of company stock worth $2,107,512. Corporate insiders own 0.78% of the company’s stock.

Capital One Financial Trading Down 0.6%

Shares of Capital One Financial stock opened at $208.90 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $197.71 and its 200-day simple moving average is $199.02. The stock has a market cap of $128.16 billion, a P/E ratio of 12.93, a P/E/G ratio of 0.77 and a beta of 1.02. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. The firm had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm’s revenue was up 26.9% compared to the same quarter last year. During the same quarter last year, the business posted $5.48 earnings per share. Analysts predict that Capital One Financial Corporation will post 20.19 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, August 17th. Capital One Financial’s payout ratio is currently 19.80%.

Wall Street Analyst Weigh In

COF has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Argus cut their price objective on Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Weiss Ratings raised Capital One Financial from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Citigroup dropped their price target on Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Twenty analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $259.14.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.