Governors Lane LP Purchases 32,751 Shares of Capital One Financial Corporation $COF

Governors Lane LP raised its position in Capital One Financial Corporation (NYSE:COF) by 48.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 99,742 shares of the financial services provider’s stock after purchasing an additional 32,751 shares during the period. Capital One Financial makes up 1.5% of Governors Lane LP’s investment portfolio, making the stock its 12th biggest holding. Governors Lane LP’s holdings in Capital One Financial were worth $20,010,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of COF. Evolution Wealth Management Inc. grew its holdings in shares of Capital One Financial by 529.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 90 shares in the last quarter. Solstein Capital LLC acquired a new position in Capital One Financial during the 2nd quarter worth approximately $26,000. VSM Wealth Advisory LLC bought a new position in shares of Capital One Financial during the 4th quarter worth approximately $27,000. Cherry Tree Wealth Management LLC grew its stake in shares of Capital One Financial by 1,312.5% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 105 shares in the last quarter. Finally, Ballast Advisors LLC acquired a new stake in shares of Capital One Financial in the first quarter valued at approximately $27,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,473 shares of the firm’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 completion of the sale, the insider owned 27,992 shares of the company’s stock, valued at $6,102,815.84. This trade represents a 16.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ravi Raghu sold 9,726 shares of the company’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the completion of the transaction, the insider owned 26,328 shares in the company, valued at approximately $5,523,087.84. This represents a 26.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 29,767 shares of company stock worth $6,366,998. 0.78% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Performance

Shares of COF opened at $214.10 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a 50-day moving average of $212.42 and a 200-day moving average of $198.12. The company has a market cap of $131.35 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 0.81 and a beta of 1.02. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64.

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

Capital One Financial Announces Dividend

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

Analyst Ratings Changes

COF has been the subject of several recent research reports. Wolfe Research increased their target price on shares of Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. TD Cowen cut their price target on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Wall Street Zen downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Bank of America lowered their target price on 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. Finally, Barclays reduced their price target on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Twenty-one analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently 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 financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

Capital One primarily serves customers in the United States, with additional operations and financial services activities in Canada and the United Kingdom.