Clearbridge Investments LLC Reduces Position in Capital One Financial Corp. (NYSE:COF)

Clearbridge Investments LLC decreased its stake in Capital One Financial Corp. (NYSE:COF) by 6.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 567,962 shares of the financial services provider’s stock after selling 39,529 shares during the period. Clearbridge Investments LLC owned about 0.12% of Capital One Financial worth $46,397,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Westpac Banking Corp increased its position in shares of Capital One Financial by 3.0% during the first quarter. Westpac Banking Corp now owns 83,699 shares of the financial services provider’s stock worth $6,837,000 after buying an additional 2,437 shares during the period. Vanguard Group Inc increased its position in shares of Capital One Financial by 1.2% during the third quarter. Vanguard Group Inc now owns 34,504,061 shares of the financial services provider’s stock worth $3,275,469,000 after buying an additional 406,610 shares during the period. Culbertson A N & Co. Inc. increased its position in shares of Capital One Financial by 15.1% during the first quarter. Culbertson A N & Co. Inc. now owns 11,782 shares of the financial services provider’s stock worth $962,000 after buying an additional 1,545 shares during the period. Amundi Pioneer Asset Management Inc. increased its position in shares of Capital One Financial by 12.5% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 487,465 shares of the financial services provider’s stock worth $2,302,814,000 after buying an additional 54,003 shares during the period. Finally, Flinton Capital Management LLC increased its position in shares of Capital One Financial by 342.3% during the fourth quarter. Flinton Capital Management LLC now owns 35,312 shares of the financial services provider’s stock worth $2,669,000 after buying an additional 27,328 shares during the period. 88.66% of the stock is owned by institutional investors and hedge funds.

In other news, insider Jory A. Berson sold 9,329 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $93.00, for a total value of $867,597.00. Following the transaction, the insider now owns 59,353 shares in the company, valued at approximately $5,519,829. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bradford H. Warner sold 4,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $85.98, for a total transaction of $343,920.00. Following the completion of the transaction, the director now owns 57,930 shares in the company, valued at approximately $4,980,821.40. The disclosure for this sale can be found here. Insiders have sold a total of 46,937 shares of company stock worth $4,272,897 in the last 90 days. Company insiders own 1.43% of the company’s stock.

COF has been the subject of a number of research reports. Jefferies Financial Group set a €50.00 ($58.14) price target on shares of Lanxess and gave the stock a “neutral” rating in a report on Tuesday, May 14th. ValuEngine lowered shares of W&T Offshore from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Royal Bank of Canada set a $60.00 price objective on shares of Masonite International and gave the company a “buy” rating in a research note on Friday, May 3rd. Zacks Investment Research raised shares of IMI PLC/S from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Deutsche Bank reissued a “buy” rating and set a $80.00 price target on shares of Bayerische Motoren Werke in a research report on Monday, July 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $104.00.

Shares of COF traded up $0.36 during mid-day trading on Friday, reaching $91.07. The company’s stock had a trading volume of 1,499,811 shares, compared to its average volume of 1,770,805. The firm has a market capitalization of $42.77 billion, a PE ratio of 8.37, a PEG ratio of 0.91 and a beta of 1.25. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.99 and a current ratio of 1.00. Capital One Financial Corp. has a 52 week low of $69.90 and a 52 week high of $101.26. The stock’s fifty day moving average price is $90.40.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $2.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.68 by $0.22. The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.03 billion. Capital One Financial had a net margin of 18.47% and a return on equity of 10.95%. Capital One Financial’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.62 EPS. As a group, sell-side analysts expect that Capital One Financial Corp. will post 11.1 EPS for the current fiscal year.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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