L2 Asset Management LLC Acquires 31,496 Shares of Capital One Financial Corporation $COF

by · The Cerbat Gem

L2 Asset Management LLC lifted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 2,012.5% during the second quarter, HoldingsChannel reports. The firm owned 33,061 shares of the financial services provider’s stock after acquiring an additional 31,496 shares during the quarter. Capital One Financial comprises 1.2% of L2 Asset Management LLC’s holdings, making the stock its 17th largest holding. L2 Asset Management LLC’s holdings in Capital One Financial were worth $7,034,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Kingstone Capital Partners Texas LLC raised its holdings in Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after buying an additional 117,427,549 shares during the period. Vanguard Group Inc. raised its holdings in shares of Capital One Financial by 74.8% during the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after acquiring an additional 24,129,990 shares during the period. Norges Bank bought a new stake in Capital One Financial in the 2nd quarter valued at $1,701,511,000. Geode Capital Management LLC boosted its stake in Capital One Financial by 64.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after purchasing an additional 5,474,328 shares during the period. Finally, Boston Partners bought a new position in Capital One Financial during the 2nd quarter worth about $534,777,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

Shares of COF stock opened at $231.37 on Monday. The stock has a market cap of $147.09 billion, a P/E ratio of 97.62, a P/E/G ratio of 0.55 and a beta of 1.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The company has a fifty day moving average price of $215.82 and a two-hundred day moving average price of $213.60. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $233.01.

Capital One Financial (NYSE:COF – Get Free Report) last released its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The company had revenue of $15.46 billion for the quarter. As a group, equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were given a $0.80 dividend. The ex-dividend date of this dividend was Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. Capital One Financial’s payout ratio is 135.02%.

Analyst Ratings Changes

Several research firms have commented on COF. Robert W. Baird boosted their target price on Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. UBS Group cut their price objective on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Evercore ISI lifted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Finally, TD Cowen increased their price objective on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $262.05.

Read Our Latest Analysis on Capital One Financial

Insider Buying and Selling

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $221.54, for a total transaction of $443,080.00. Following the completion of the sale, the general counsel owned 94,486 shares of the company’s stock, valued at $20,932,428.44. This trade represents a 2.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Frank G. LapradeIii sold 17,840 shares of Capital One Financial stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the transaction, the insider directly owned 48,315 shares of the company’s stock, valued at approximately $10,727,379.45. This trade represents a 26.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 280,218 shares of company stock valued at $62,395,804. Insiders own 1.26% of the company’s stock.

Capital One Financial Profile

(Free Report)

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.

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