Element Capital Management LLC Has $21.06 Million Stock Holdings in Capital One Financial Corporation $COF

Element Capital Management LLC raised its stake in shares of Capital One Financial Corporation (NYSE:COF) by 159.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,890 shares of the financial services provider’s stock after buying an additional 53,416 shares during the quarter. Capital One Financial comprises 10.1% of Element Capital Management LLC’s portfolio, making the stock its largest holding. Element Capital Management LLC’s holdings in Capital One Financial were worth $21,059,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its position in Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after acquiring an additional 10,428 shares during the last quarter. Intech Investment Management LLC grew its position in Capital One Financial by 44.3% during the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock worth $1,608,000 after acquiring an additional 2,753 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Capital One Financial by 118.3% in the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock worth $702,000 after buying an additional 1,788 shares during the period. Flow Traders U.S. LLC bought a new stake in Capital One Financial in the 2nd quarter worth $218,000. Finally, Jump Financial LLC bought a new position in shares of Capital One Financial during the second quarter valued at about $1,086,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on COF shares. Barclays boosted their price target on Capital One Financial from $226.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. TD Cowen cut their price objective on Capital One Financial from $290.00 to $260.00 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. Truist Financial decreased their target price on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Evercore decreased their price target on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a research note on Monday, April 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a report on Friday, March 27th. Seventeen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $258.75.

Capital One Financial Stock Performance

Shares of COF stock opened at $200.69 on Thursday. The firm has a market capitalization of $124.89 billion, a PE ratio of 70.42, a P/E/G ratio of 0.72 and a beta of 1.03. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average price of $190.09 and a 200-day moving average price of $206.97. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The firm had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. During the same quarter in the prior year, the firm earned $4.06 earnings per share. The company’s revenue for the quarter was up 52.3% compared to the same quarter last year. As a group, equities research analysts expect that Capital One Financial Corporation will post 19.51 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were paid a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. Capital One Financial’s dividend payout ratio is 112.28%.

Insider Buying and Selling

In other news, insider Lia Dean sold 1,692 shares of Capital One Financial stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total transaction of $314,052.12. Following the sale, the insider owned 65,454 shares in the company, valued at $12,148,916.94. This trade represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $192.58, for a total transaction of $336,822.42. Following the transaction, the insider directly owned 61,579 shares of the company’s stock, valued at $11,858,883.82. The trade was a 2.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 8,040 shares of company stock valued at $1,498,615. Corporate insiders own 0.78% of the company’s stock.

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.