LS Investment Advisors LLC Buys 21,120 Shares of Capital One Financial Corporation $COF

Key Points

• LS Investment Advisors LLC significantly increased its stake in Capital One Financial by 1,411.8%, acquiring 21,120 additional shares, bringing its total holdings to 22,616 shares valued at approximately $4.8 million.
• Insider trading activity was notable, with General Counsel Matthew W. Cooper selling 2,000 shares for about $446,800, while the company declared a quarterly dividend of $0.60, yielding 1.1%.
• Capital One reported strong earnings, posting $5.48 EPS for the last quarter, surpassing analysts' expectations, and is projected to have an annual EPS of 15.65.

LS Investment Advisors LLC lifted its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 1,411.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,616 shares of the financial services provider's stock after purchasing an additional 21,120 shares during the quarter. LS Investment Advisors LLC's holdings in Capital One Financial were worth $4,812,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in COF. WPG Advisers LLC bought a new stake in shares of Capital One Financial in the first quarter worth $25,000. Saudi Central Bank bought a new stake in shares of Capital One Financial in the first quarter worth $27,000. Beacon Capital Management LLC lifted its position 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 purchasing an additional 97 shares in the last quarter. Physician Wealth Advisors Inc. lifted its position in shares of Capital One Financial by 1,200.0% in the second quarter. Physician Wealth Advisors Inc. now owns 156 shares of the financial services provider's stock worth $33,000 after purchasing an additional 144 shares in the last quarter. Finally, Nova Wealth Management Inc. lifted its position in shares of Capital One Financial by 629.6% in the second quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider's stock worth $42,000 after purchasing an additional 170 shares in the last quarter. Institutional investors own 89.84% of the company's stock.

Insider Buying and Selling at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the sale, the general counsel owned 100,486 shares of the company's stock, valued at $22,448,572.40. This represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the company'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 sale, the insider directly owned 27,364 shares of the company's stock, valued at $5,735,220.76. This represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,298 shares of company stock valued at $4,679,844. 1.26% of the stock is currently owned by insiders.

Capital One Financial Price Performance

NYSE:COF opened at $222.42 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 market cap of $142.24 billion, a P/E ratio of 114.06, a P/E/G ratio of 0.86 and a beta of 1.17. The firm's fifty day moving average price is $219.17 and its two-hundred day moving average price is $198.94. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate 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. During the same quarter last year, the company posted $3.14 earnings per share. The company's revenue was up 31.4% on a year-over-year basis. Equities 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 declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors 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 dividend yield of 1.1%. Capital One Financial's dividend payout ratio is 123.08%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Truist Financial boosted their price objective on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Barclays reissued an "overweight" rating and issued a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research report on Friday, August 1st. They set a "buy" rating and a $290.00 price target on the stock. Finally, Keefe, Bruyette & Woods upped their price target 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. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $239.44.

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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