Governors Lane LP Purchases 32,751 Shares of Capital One Financial Corporation $COF

Governors Lane LP grew its position in shares of Capital One Financial Corporation (NYSE:COF) by 48.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,742 shares of the financial services provider’s stock after buying an additional 32,751 shares during the quarter. Capital One Financial makes up about 1.5% of Governors Lane LP’s investment portfolio, making the stock its 12th biggest position. Governors Lane LP’s holdings in Capital One Financial were worth $20,010,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. California State Teachers Retirement System grew its holdings in shares of Capital One Financial by 18,518.3% during the second quarter. California State Teachers Retirement System now owns 172,667,214 shares of the financial services provider’s stock worth $34,640,496,000 after purchasing an additional 171,739,810 shares during the last quarter. Norges Bank acquired a new stake in Capital One Financial in the 4th quarter valued at about $2,089,803,000. Bank of America Corp DE bought a new position in shares of Capital One Financial in the second quarter worth about $1,435,311,000. Legal & General Group Plc acquired a new position in shares of Capital One Financial during the second quarter worth approximately $680,983,000. Finally, Berkshire Hathaway Inc acquired a new stake in shares of Capital One Financial in the second quarter valued at approximately $601,860,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of NYSE:COF opened at $214.10 on Wednesday. The firm’s 50 day simple moving average is $212.42 and its 200 day simple moving average is $198.12. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The company has a market capitalization of $131.35 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 0.81 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. The firm had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.48 earnings per share. As a group, sell-side analysts forecast that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is presently 19.80%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Citigroup lowered their target price on Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. Barclays cut their target price on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Piper Sandler began coverage on shares of Capital One Financial in a research report on Monday, June 29th. They set an “overweight” rating and a $254.00 price target for the company. Wall Street Zen downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, TD Cowen cut their price objective on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Twenty-one investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $258.91.

Insider Activity

In other Capital One Financial news, General Counsel Matthew Cooper sold 3,500 shares of Capital One Financial stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $214.10, for a total transaction of $749,350.00. Following the transaction, the general counsel directly owned 83,194 shares in the company, valued at approximately $17,811,835.40. The trade was a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total value of $735,757.00. Following the completion of the sale, the chief accounting officer owned 7,429 shares of the company’s stock, valued at $1,567,519. This trade represents a 31.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 29,767 shares of company stock valued at $6,366,998. Company insiders own 0.78% of the company’s stock.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

Capital One primarily serves customers in the United States, with additional operations and financial services activities in Canada and the United Kingdom.