Lecap Asset Management Ltd. Makes New Investment in Capital One Financial Corporation $COF

Lecap Asset Management Ltd. bought a new position in Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 6,804 shares of the financial services provider’s stock, valued at approximately $1,448,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in COF. WPG Advisers LLC acquired a new stake in shares of Capital One Financial during the 1st quarter worth approximately $25,000. Moisand Fitzgerald Tamayo LLC increased its holdings in 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 purchasing an additional 62 shares during the last quarter. Saudi Central Bank acquired a new position in shares of Capital One Financial in the first quarter worth $27,000. Signature Resources Capital Management LLC acquired a new position in shares of Capital One Financial in the second quarter worth $28,000. Finally, Beacon Capital Management LLC grew its stake in shares of Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 97 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity

In other news, insider Robert M. Alexander sold 10,114 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Zamsky sold 5,515 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,298 shares of company stock valued at $4,679,844. 1.26% of the stock is owned by insiders.

Capital One Financial Trading Up 0.5%

NYSE COF opened at $213.55 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $136.57 billion, a PE ratio of 109.51, a P/E/G ratio of 0.81 and a beta of 1.18. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The firm’s fifty day moving average is $219.22 and its two-hundred day moving average is $200.32.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts’ consensus estimates 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. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.14 earnings per share. Analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have commented on COF shares. TD Cowen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Morgan Stanley lifted their price objective on shares of Capital One Financial from $261.00 to $267.00 and gave the stock an “overweight” rating in a research report on Monday. Redburn Atlantic raised shares of Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. Finally, Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research report on Friday, August 1st. They issued a “buy” rating and a $290.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.29.

Capital One Financial Company Profile

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.