LB Partners LLC Takes Position in Capital One Financial Corporation $COF

LB Partners LLC bought a new stake in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 64,056 shares of the financial services provider’s stock, valued at approximately $13,629,000. Capital One Financial makes up approximately 8.7% of LB Partners LLC’s investment portfolio, making the stock its 4th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC acquired a new position in shares of Capital One Financial in the 1st quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC raised its position in shares of Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after buying an additional 62 shares in the last quarter. Olistico Wealth LLC raised its position in shares of Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after buying an additional 101 shares in the last quarter. Saudi Central Bank acquired a new position in shares of Capital One Financial in the 1st quarter valued at approximately $27,000. Finally, RMG Wealth Management LLC acquired a new position in shares of Capital One Financial in the 2nd quarter valued at approximately $27,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Trading Up 4.0%

Shares of NYSE COF opened at $211.25 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The firm has a 50 day moving average price of $219.01 and a two-hundred day moving average price of $203.65. The stock has a market cap of $135.10 billion, a P/E ratio of 108.33, a price-to-earnings-growth ratio of 0.76 and a beta of 1.18.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same quarter last year, the company posted $3.14 earnings per share. The company’s revenue was up 31.4% compared to the same quarter last year. As a group, equities analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio is 123.08%.

Insider Buying and Selling at Capital One Financial

In other news, insider Robert M. Alexander sold 10,114 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares of the company’s stock, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the company’s stock in a transaction on Monday, August 4th. The shares were 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 in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,298 shares of company stock valued at $5,103,824. Insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on COF. Robert W. Baird boosted their target price on shares of Capital One Financial from $240.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. UBS Group lowered their price objective on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Barclays upped their price objective on shares of Capital One Financial from $253.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. lowered their price objective on shares of Capital One Financial from $248.00 to $235.00 and set a “neutral” rating for the company in a research report on Tuesday, October 7th. Finally, Wells Fargo & Company upped their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $252.78.

About Capital One Financial

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.