Los Angeles Capital Management LLC Purchases 17,463 Shares of Capital One Financial Co. (NYSE:COF)

Los Angeles Capital Management LLC grew its position in shares of Capital One Financial Co. (NYSE:COF) by 3.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 500,254 shares of the financial services provider’s stock after acquiring an additional 17,463 shares during the period. Los Angeles Capital Management LLC owned about 0.13% of Capital One Financial worth $69,260,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Candriam S.C.A. grew its position in Capital One Financial by 32.2% during the 2nd quarter. Candriam S.C.A. now owns 32,803 shares of the financial services provider’s stock valued at $4,541,000 after purchasing an additional 7,995 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Capital One Financial by 10.0% in the second quarter. Private Advisor Group LLC now owns 7,793 shares of the financial services provider’s stock worth $1,079,000 after buying an additional 709 shares during the period. New York Life Investment Management LLC raised its stake in Capital One Financial by 1.4% during the 2nd quarter. New York Life Investment Management LLC now owns 58,311 shares of the financial services provider’s stock worth $8,073,000 after acquiring an additional 792 shares during the period. Palmer Knight Co boosted its holdings in Capital One Financial by 0.4% in the 2nd quarter. Palmer Knight Co now owns 59,253 shares of the financial services provider’s stock worth $8,204,000 after buying an additional 210 shares during the period. Finally, Farmers & Merchants Investments Inc. raised its stake in Capital One Financial by 0.5% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 90,033 shares of the financial services provider’s stock valued at $12,465,000 after purchasing an additional 408 shares during the period. Institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, July 8th. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $145.00 to $165.00 in a research note on Thursday, June 6th. BTIG Research began coverage on shares of Capital One Financial in a report on Friday, June 7th. They issued a “neutral” rating for the company. Bank of America increased their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $150.00 target price on shares of Capital One Financial in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Capital One Financial currently has an average rating of “Hold” and a consensus target price of $145.89.

Capital One Financial Stock Down 2.2 %

Shares of NYSE COF traded down $3.09 during trading hours on Friday, hitting $139.00. 2,381,660 shares of the stock were exchanged, compared to its average volume of 2,467,348. Capital One Financial Co. has a 12 month low of $88.23 and a 12 month high of $153.35. The firm has a fifty day moving average price of $141.55 and a 200-day moving average price of $140.40. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The company has a market cap of $52.85 billion, a PE ratio of 10.89, a PEG ratio of 1.16 and a beta of 1.45.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The business had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the previous year, the company posted $3.52 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that Capital One Financial Co. will post 13.1 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were paid a dividend of $0.60 per share. The ex-dividend date was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.73%. Capital One Financial’s payout ratio is 18.79%.

Insider Activity

In other news, insider Robert M. Alexander sold 30,742 shares of Capital One Financial stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the sale, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the sale, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the transaction, the insider now owns 73,734 shares of the company’s stock, valued at $11,060,100. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

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.