LB Partners LLC Purchases Shares of 64,056 Capital One Financial Corporation $COF

Key Points

• LB Partners LLC acquired 64,056 shares of Capital One Financial, valued at approximately $13.6 million, making it the firm's 4th largest holding.
• Insider sales were reported, with General Counsel Matthew W. Cooper selling 2,000 shares for around $423,980, reflecting a 1.99% decrease in his position.
• Capital One Financial announced a quarterly dividend of $0.60 per share, representing a 1.1% yield, with a high payout ratio of 123.08%.

LB Partners LLC purchased a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 64,056 shares of the financial services provider's stock, valued at approximately $13,629,000. Capital One Financial comprises 8.7% of LB Partners LLC's holdings, making the stock its 4th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COF. WPG Advisers LLC acquired a new stake in Capital One Financial in the 1st quarter valued at $25,000. Moisand Fitzgerald Tamayo LLC grew its position in shares of 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 acquiring an additional 62 shares during the period. Olistico Wealth LLC grew its position in shares of Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 101 shares during the period. Saudi Central Bank bought a new position in shares of Capital One Financial in the 1st quarter valued at about $27,000. Finally, RMG Wealth Management LLC bought a new position in shares of Capital One Financial in the 2nd quarter valued at about $27,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the sale, the general counsel owned 98,486 shares in the company, valued at $20,878,047.14. The trade was a 1.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider owned 68,707 shares of the company's stock, valued at $15,655,577.02. This trade represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock worth $5,103,824 over the last quarter. Company insiders own 1.26% of the company's stock.

Capital One Financial Stock Performance

Shares of COF stock opened at $211.25 on Monday. The company has a market capitalization of $135.10 billion, a price-to-earnings ratio of 108.33, a PEG ratio of 0.76 and a beta of 1.18. 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 company has a 50-day simple moving average of $219.01 and a 200 day simple moving average of $203.65. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The business's quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.14 EPS. On average, sell-side analysts predict 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 annualized dividend and a yield of 1.1%. Capital One Financial's payout ratio is 123.08%.

Wall Street Analyst Weigh In

COF has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Capital One Financial from $215.00 to $224.00 and gave the company a "hold" rating in a research report on Thursday, October 2nd. Robert W. Baird lifted their price objective on shares of Capital One Financial from $240.00 to $245.00 and gave the company an "outperform" rating in a research report on Thursday, October 2nd. Royal Bank Of Canada lifted their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $252.78.

Capital One Financial 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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