Engineers Gate Manager LP Buys 163,195 Shares of Capital One Financial Corporation $COF

Engineers Gate Manager LP increased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 480.4% during the 2nd quarter, Holdings Channel reports. The fund owned 197,168 shares of the financial services provider’s stock after acquiring an additional 163,195 shares during the period. Capital One Financial comprises approximately 0.5% of Engineers Gate Manager LP’s investment portfolio, making the stock its 26th largest position. Engineers Gate Manager LP’s holdings in Capital One Financial were worth $39,556,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. California State Teachers Retirement System raised its holdings in shares of Capital One Financial by 18,518.3% during the second quarter. California State Teachers Retirement System now owns 172,667,214 shares of the financial services provider’s stock valued at $34,640,496,000 after purchasing an additional 171,739,810 shares during the period. Norges Bank acquired a new stake in shares of Capital One Financial in the 4th quarter valued at about $2,089,803,000. Bank of America Corp DE acquired a new stake in shares of Capital One Financial in the 2nd quarter valued at about $1,435,311,000. Legal & General Group Plc bought a new stake in Capital One Financial in the 2nd quarter valued at about $680,983,000. Finally, Berkshire Hathaway Inc bought a new stake in Capital One Financial in the 2nd quarter valued at about $601,860,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. TD Cowen dropped their price target on Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. HSBC raised Capital One Financial from a “hold” rating to a “buy” rating and raised their price objective for the company from $226.00 to $229.00 in a research note on Sunday, July 12th. BTIG Research upped their target price on Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Bank of America lowered their target price on Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Wolfe Research increased their target price on Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $258.91.

Capital One Financial Trading Down 1.2%

NYSE:COF opened at $211.29 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $129.62 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 0.79 and a beta of 1.02. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The firm has a 50-day moving average price of $212.56 and a two-hundred day moving average price of $198.16.

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

Capital One Financial Announces Dividend

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

Insider Buying and Selling at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $214.10, for a total transaction of $749,350.00. Following the completion of the sale, the general counsel directly owned 83,194 shares of the company’s stock, valued at $17,811,835.40. This trade represents a 4.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,193 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $225.52, for a total value of $494,565.36. Following the sale, the insider directly owned 63,261 shares of the company’s stock, valued at approximately $14,266,620.72. This represents a 3.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 29,767 shares of company stock valued at $6,366,998 in the last ninety days. 0.78% of the stock is owned by corporate insiders.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

Capital One primarily serves customers in the United States, with additional operations and financial services activities in Canada and the United Kingdom.