Los Angeles Capital Management LLC Buys 412,624 Shares of Capital One Financial Corporation $COF

Los Angeles Capital Management LLC increased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 60.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,100,765 shares of the financial services provider’s stock after buying an additional 412,624 shares during the quarter. Capital One Financial accounts for about 0.9% of Los Angeles Capital Management LLC’s investment portfolio, making the stock its 21st biggest holding. Los Angeles Capital Management LLC’s holdings in Capital One Financial were worth $234,199,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC boosted its stake in Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 62 shares during the last quarter. Olistico Wealth LLC grew its holdings in Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 101 shares during the period. Atlantic Edge Private Wealth Management LLC increased its stake in Capital One Financial by 66.7% in the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 50 shares in the last quarter. RMG Wealth Management LLC acquired a new position in Capital One Financial in the 2nd quarter worth approximately $27,000. Finally, Solstein Capital LLC acquired a new stake in shares of Capital One Financial in the second quarter worth $28,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on COF. Evercore ISI boosted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Morgan Stanley lifted their price target on Capital One Financial from $267.00 to $272.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Rothschild & Co Redburn started coverage on shares of Capital One Financial in a research note on Friday, August 1st. They set a “buy” rating and a $290.00 target price for the company. BTIG Research restated a “buy” rating and set a $264.00 target price on shares of Capital One Financial in a research note on Wednesday, October 22nd. Finally, Citigroup upped their target price on shares of Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Insider Activity

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $219.41, for a total value of $438,820.00. Following the completion of the sale, the general counsel owned 96,486 shares of the company’s stock, valued at approximately $21,169,993.26. This trade represents a 2.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the sale, the chief accounting officer owned 8,987 shares in the company, valued at $1,889,786.36. This represents a 27.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 259,842 shares of company stock valued at $57,857,467 over the last quarter. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Stock Up 0.4%

Shares of NYSE:COF opened at $217.83 on Friday. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $139.31 billion, a price-to-earnings ratio of 91.91, a P/E/G ratio of 0.70 and a beta of 1.19. The company has a 50 day moving average of $219.28 and a 200-day moving average of $209.43.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The company had revenue of $15.46 billion during the quarter. On average, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a dividend of $0.80 per share. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, November 17th. Capital One Financial’s payout ratio is 101.27%.

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.