Kapitalo Investimentos Ltda Makes New $10.01 Million Investment in Capital One Financial Corporation $COF

Kapitalo Investimentos Ltda bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, HoldingsChannel reports. The firm bought 49,880 shares of the financial services provider’s stock, valued at approximately $10,007,000. Capital One Financial makes up approximately 0.6% of Kapitalo Investimentos Ltda’s holdings, making the stock its 23rd largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its position 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 valued at $10,242,628,000 after acquiring an additional 236,643 shares during the period. Franklin Resources Inc. grew its holdings in Capital One Financial by 5.4% in the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock worth $3,023,795,000 after purchasing an additional 638,158 shares during the period. Morgan Stanley grew its holdings in Capital One Financial by 3.9% in the fourth 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 during the period. Norges Bank purchased a new stake in Capital One Financial in the fourth quarter worth about $2,089,803,000. Finally, Davis Selected Advisers increased its stake in shares of Capital One Financial by 2.8% during the fourth 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 in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Trading Up 0.0%

Shares of NYSE COF opened at $216.29 on Wednesday. The company has a market cap of $132.69 billion, a PE ratio of 13.38, a P/E/G ratio of 0.79 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The firm’s 50 day moving average price is $209.40 and its 200-day moving average price is $197.91. 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 announced its quarterly earnings data 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%. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the previous year, the business earned $5.48 EPS. On average, equities research analysts expect that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a $0.80 dividend. The ex-dividend date is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s payout ratio is currently 19.80%.

Insider Activity

In other news, insider Michael Zamsky sold 5,473 shares of the company’s stock in a transaction on 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 transaction, the insider directly owned 27,992 shares of the company’s stock, valued at $6,102,815.84. This represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lia Dean sold 2,193 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $225.52, for a total value of $494,565.36. Following the sale, the insider directly owned 63,261 shares in the company, valued at $14,266,620.72. This trade represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 26,267 shares of company stock valued at $5,617,648. Corporate insiders own 0.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on COF. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Capital One Financial in a research report on Thursday, August 20th. Citigroup reduced their price objective on Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. TD Cowen lowered their price objective on 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. Barclays dropped their target price on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Finally, Rothschild & Co Redburn cut their target price on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $258.91.

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.