J2 Capital Management Inc Takes $617,000 Position in Capital One Financial Corporation $COF

J2 Capital Management Inc purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,901 shares of the financial services provider’s stock, valued at approximately $617,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC raised its position in Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 62 shares during the last quarter. Signature Resources Capital Management LLC bought a new position in Capital One Financial during the 2nd quarter valued at approximately $28,000. WPG Advisers LLC bought a new position in Capital One Financial during the 1st quarter valued at approximately $25,000. Saudi Central Bank bought a new position in Capital One Financial during the 1st quarter valued at approximately $27,000. Finally, First United Bank & Trust bought a new position in Capital One Financial during the 2nd quarter valued at approximately $32,000. Institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In related news, insider Robert M. Alexander sold 10,114 shares of the firm’s stock in a transaction that occurred on 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total value of $446,800.00. Following the transaction, the general counsel directly owned 100,486 shares of the company’s stock, valued at approximately $22,448,572.40. This trade represents a 1.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock worth $4,679,844 in the last 90 days. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Stock Up 0.5%

COF stock opened at $213.55 on Thursday. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The business’s 50 day moving average price is $219.22 and its two-hundred day moving average price is $200.32. 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 market capitalization of $136.57 billion, a price-to-earnings ratio of 109.51, a price-to-earnings-growth ratio of 0.81 and a beta of 1.18.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analysts’ expectations of $12.72 billion. During the same quarter in the previous year, the company earned $3.14 EPS. The business’s quarterly revenue was up 31.4% on a year-over-year basis. As a group, analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on COF shares. Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Citigroup upped their price target on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Redburn Atlantic upgraded Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. Keefe, Bruyette & Woods upped their target price on Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley upped their target price on Capital One Financial from $261.00 to $267.00 and gave the stock an “overweight” rating in a report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.