J2 Capital Management Inc Takes Position in Capital One Financial Corporation $COF

Key Points

• J2 Capital Management Inc acquired a new stake in Capital One Financial Corporation (NYSE: COF) with a purchase of 2,901 shares valued at approximately $617,000.
• Insider transactions showed that General Counsel Matthew W. Cooper sold 2,000 shares for $446,800, marking a 1.95% decrease in his position, while other insiders also sold shares recently.
• The company announced a quarterly dividend of $0.60, representing a 1.1% dividend yield, though its payout ratio was notably high at 123.08%.

J2 Capital Management Inc purchased a new stake in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,901 shares of the financial services provider's stock, valued at approximately $617,000.

Several other hedge funds also recently made changes to their positions in COF. Kingstone Capital Partners Texas LLC grew its position in shares of Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock valued at $24,988,129,000 after purchasing an additional 117,427,549 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new stake in Capital One Financial during the first quarter valued at $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Capital One Financial by 45.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock valued at $838,609,000 after buying an additional 1,454,595 shares during the period. Bank of New York Mellon Corp boosted its stake in Capital One Financial by 23.7% during the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after buying an additional 950,415 shares during the period. Finally, Nuveen LLC bought a new stake in Capital One Financial during the first quarter valued at $141,599,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the sale, the general counsel owned 100,486 shares of the company's stock, valued at approximately $22,448,572.40. The trade was a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Timothy P. Golden sold 207 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares of the company's stock, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,298 shares of company stock worth $4,679,844. Insiders own 1.26% of the company's stock.

Capital One Financial Trading Up 0.5%

Shares of COF stock opened at $213.55 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $219.22 and a two-hundred day moving average price of $200.32. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The firm has a market cap of $136.57 billion, a P/E ratio of 109.51, a price-to-earnings-growth ratio of 0.81 and a beta of 1.18.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same period last year, the firm earned $3.14 EPS. The company's revenue for the quarter was up 31.4% on a year-over-year basis. Equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

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

Analyst Ratings Changes

COF has been the subject of several research analyst reports. Wall Street Zen raised Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Rothschild & Co Redburn initiated coverage on Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 price objective for the company. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and lifted their price objective for the company from $184.00 to $258.00 in a research note on Tuesday, July 8th. Wells Fargo & Company lifted their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada lifted their price objective on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.

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