Kelly Lawrence W & Associates Inc. CA Invests $14.26 Million in Capital One Financial Corporation $COF

Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 71,063 shares of the financial services provider’s stock, valued at approximately $14,257,000. Capital One Financial makes up 3.0% of Kelly Lawrence W & Associates Inc. CA’s investment portfolio, making the stock its 11th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. BlackRock Inc. grew its holdings in shares of Capital One Financial by 0.5% during the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock worth $10,242,628,000 after buying an additional 236,643 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Capital One Financial by 5.4% in the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock worth $3,023,795,000 after buying an additional 638,158 shares in the last quarter. Morgan Stanley boosted its position in Capital One Financial by 3.9% during the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock worth $2,103,196,000 after acquiring an additional 323,350 shares during the last quarter. Norges Bank acquired a new position in Capital One Financial during the fourth quarter worth about $2,089,803,000. Finally, Davis Selected Advisers grew its stake in Capital One Financial by 2.8% during the 4th quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock valued at $2,087,878,000 after acquiring an additional 234,649 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Rothschild & Co Redburn cut their price objective on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. UBS Group increased their price target on Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Capital One Financial in a research note on Thursday. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus target price of $259.14.

Insider Buying and Selling

In other Capital One Financial news, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction on Monday, August 10th. The stock was sold at an average price of $218.02, for a total value of $1,193,223.46. Following the sale, the insider owned 27,992 shares in the company, valued at $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ravi Raghu sold 9,726 shares of the company’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the transaction, the insider directly owned 26,328 shares in the company, valued at approximately $5,523,087.84. This trade represents a 26.98% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 26,267 shares of company stock valued at $5,617,648 in the last ninety days. Company insiders own 0.78% of the company’s stock.

Capital One Financial Price Performance

Shares of COF stock opened at $216.29 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $132.69 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.80 and a beta of 1.02. The firm’s 50-day moving average is $209.09 and its two-hundred day moving average is $197.97. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating the consensus estimate of $4.79 by $1.02. The business had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.48 EPS. Analysts predict that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be issued a $0.80 dividend. The ex-dividend date is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s dividend payout ratio is currently 19.80%.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.