Lecap Asset Management Ltd. Takes $663,000 Position in Capital One Financial Co. (NYSE:COF)

Lecap Asset Management Ltd. bought a new position in shares of Capital One Financial Co. (NYSE:COF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,718 shares of the financial services provider’s stock, valued at approximately $663,000.

Other hedge funds have also bought and sold shares of the company. FMR LLC grew its holdings in Capital One Financial by 21.4% during the 3rd quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after acquiring an additional 1,169,395 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Capital One Financial during the 4th quarter valued at about $130,683,000. Wellington Management Group LLP grew its stake in Capital One Financial by 268.7% during the third quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock worth $146,052,000 after purchasing an additional 710,881 shares during the period. Southpoint Capital Advisors LP bought a new stake in Capital One Financial in the third quarter worth approximately $104,811,000. Finally, KBC Group NV lifted its stake in Capital One Financial by 282.2% in the fourth quarter. KBC Group NV now owns 623,470 shares of the financial services provider’s stock valued at $111,177,000 after buying an additional 460,339 shares during the period. Institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

COF has been the subject of several recent analyst reports. HSBC raised shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective for the company in a research report on Tuesday, January 14th. Wells Fargo & Company raised their price target on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Bank of America lowered shares of Capital One Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $203.00 to $200.00 in a report on Monday, December 9th. Truist Financial raised their target price on Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Royal Bank of Canada upped their price target on Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $196.31.

Capital One Financial Price Performance

COF opened at $203.13 on Friday. The firm’s fifty day moving average price is $188.08 and its two-hundred day moving average price is $166.17. The company has a market capitalization of $77.44 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 1.24 and a beta of 1.47. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $208.63.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the prior year, the firm posted $2.81 EPS. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, analysts anticipate that Capital One Financial Co. will post 15.44 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.18%. Capital One Financial’s payout ratio is 20.71%.

Insider Buying and Selling

In other news, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now directly owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

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.