4,081 Shares in Capital One Financial Corporation $COF Purchased by L2 Asset Management LLC

L2 Asset Management LLC acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,081 shares of the financial services provider’s stock, valued at approximately $819,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. raised its holdings in Capital One Financial by 0.5% during the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock worth $10,242,628,000 after purchasing an additional 236,643 shares during the last quarter. Franklin Resources Inc. raised its stake in Capital One Financial by 5.4% during the 4th quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock worth $3,023,795,000 after buying an additional 638,158 shares during the period. Morgan Stanley lifted its holdings in shares of Capital One Financial by 3.9% in the 4th quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock worth $2,103,196,000 after purchasing an additional 323,350 shares in the last quarter. Norges Bank bought a new position in shares of Capital One Financial in the fourth quarter valued at $2,089,803,000. Finally, Davis Selected Advisers boosted its stake in Capital One Financial by 2.8% during the 4th quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock valued at $2,087,878,000 after purchasing an additional 234,649 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on COF shares. Weiss Ratings raised shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. HSBC raised Capital One Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $226.00 to $229.00 in a research report on Sunday, July 12th. TD Cowen dropped their price target on Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Finally, Barclays cut their price objective on 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. Twenty-one equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $259.14.

Insider Buying and Selling at Capital One Financial

In related news, insider Michael Zamsky sold 5,473 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the sale, the insider owned 27,992 shares of the company’s stock, valued at approximately $6,102,815.84. This represents a 16.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Timothy P. Golden sold 3,487 shares of the firm’s 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 transaction, the chief accounting officer owned 7,429 shares of the company’s stock, valued at approximately $1,567,519. This represents a 31.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,267 shares of company stock worth $5,617,648 in the last three months. 0.78% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Down 0.7%

Capital One Financial stock opened at $216.29 on Tuesday. The firm has a 50 day simple moving average of $209.09 and a 200 day simple moving average of $197.97. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The firm has a market capitalization of $132.69 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 0.80 and a beta of 1.02.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. During the same quarter in the prior year, the business posted $5.48 earnings per share. The business’s quarterly revenue was up 26.9% on a year-over-year basis. On average, analysts predict that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Dividend Announcement

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

About Capital One Financial

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.