4,081 Shares in Capital One Financial Corporation $COF Bought 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, Holdings Channel reports. The institutional investor acquired 4,081 shares of the financial services provider’s stock, valued at approximately $819,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Evolution Wealth Management Inc. boosted its position in shares of Capital One Financial by 529.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 90 shares during the last quarter. Solstein Capital LLC purchased a new position in shares of Capital One Financial during the second quarter worth about $26,000. VSM Wealth Advisory LLC bought a new position in shares of Capital One Financial in the fourth quarter worth approximately $27,000. Cherry Tree Wealth Management LLC raised its stake in Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 105 shares in the last quarter. Finally, Ballast Advisors LLC bought a new stake in Capital One Financial during the first quarter valued at approximately $27,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. TD Cowen cut their price target on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Bank of America lowered their price objective on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. HSBC raised shares of Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $226.00 to $229.00 in a report on Sunday, July 12th. Wall Street Zen cut Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, Citigroup lowered their price target on Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $259.14.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $216.29 on Tuesday. The company’s fifty day simple moving average is $209.09 and its two-hundred day simple moving average is $197.97. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The firm has a market cap of $132.69 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.80 and a beta of 1.02. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39.

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

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a $0.80 dividend. 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 dividend payout ratio (DPR) is currently 19.80%.

Insider Transactions at Capital One Financial

In related news, insider Ravi Raghu sold 9,726 shares of Capital One Financial stock in a transaction on Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the sale, the insider owned 26,328 shares in the company, valued at $5,523,087.84. The trade was a 26.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,888 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $225.52, for a total transaction of $425,781.76. Following the transaction, the insider directly owned 59,708 shares in the company, valued at approximately $13,465,348.16. The trade was a 3.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 26,267 shares of company stock worth $5,617,648. 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.