Lecap Asset Management Ltd. Makes New $1.45 Million Investment in Capital One Financial Corporation $COF

Lecap Asset Management Ltd. bought a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,804 shares of the financial services provider’s stock, valued at approximately $1,448,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after purchasing an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Capital One Financial by 1.6% in the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider’s stock valued at $5,782,590,000 after purchasing an additional 506,105 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Capital One Financial by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock valued at $889,519,000 after purchasing an additional 950,415 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Capital One Financial by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock valued at $854,647,000 after purchasing an additional 734,939 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Capital One Financial by 45.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider’s stock valued at $838,609,000 after purchasing an additional 1,454,595 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the sale, the general counsel owned 100,486 shares of the company’s stock, valued at $22,448,572.40. This represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the sale, the insider directly owned 27,364 shares of the company’s stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock worth $4,679,844 over the last three months. 1.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Capital One Financial from $261.00 to $267.00 and gave the company an “overweight” rating in a report on Monday. Redburn Atlantic raised shares of Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. Barclays reissued an “overweight” rating and set a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Finally, Rothschild & Co Redburn began coverage on shares of Capital One Financial in a research note on Friday, August 1st. They set a “buy” rating and a $290.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $244.29.

Capital One Financial Stock Performance

NYSE:COF opened at $213.55 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a market cap of $136.57 billion, a P/E ratio of 109.51, a P/E/G ratio of 0.81 and a beta of 1.18. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The firm’s 50 day moving average is $219.22 and its two-hundred day moving average is $200.32.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the prior year, the business earned $3.14 EPS. Analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

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.