Adage Capital Partners GP L.L.C. Invests $120.39 Million in Capital One Financial Corporation $COF

Adage Capital Partners GP L.L.C. bought 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 Securities and Exchange Commission. The fund bought 565,828 shares of the financial services provider’s stock, valued at approximately $120,386,000. Adage Capital Partners GP L.L.C. owned approximately 0.09% of Capital One Financial as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC increased its position in shares of Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after purchasing an additional 117,427,549 shares during the last quarter. Vanguard Group Inc. raised its position in Capital One Financial by 74.8% in the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after purchasing an additional 24,129,990 shares during the period. State Street Corp lifted its stake in shares of Capital One Financial by 63.4% in the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after acquiring an additional 10,776,843 shares during the last quarter. Geode Capital Management LLC lifted its position in Capital One Financial by 64.1% in the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after purchasing an additional 5,474,328 shares during the last quarter. Finally, Norges Bank purchased a new stake in Capital One Financial during the 2nd quarter valued at $1,701,511,000. Institutional investors own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Frank G. LapradeIii sold 17,840 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the completion of the transaction, the insider owned 48,315 shares in the company, valued at $10,727,379.45. This trade represents a 26.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Celia Karam sold 2,936 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $218.15, for a total transaction of $640,488.40. Following the completion of the transaction, the insider directly owned 63,433 shares of the company’s stock, valued at approximately $13,837,908.95. This trade represents a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 280,218 shares of company stock valued at $62,395,804 in the last 90 days. 1.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on COF shares. JPMorgan Chase & Co. increased their price objective on Capital One Financial from $235.00 to $237.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Cowen restated a “buy” rating on shares of Capital One Financial in a report on Wednesday, November 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research note on Monday. Evercore ISI increased their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Finally, Robert W. Baird lifted their price objective on Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average target price of $262.70.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $237.71 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a fifty day moving average price of $217.78 and a 200-day moving average price of $214.93. The stock has a market cap of $151.12 billion, a PE ratio of 100.30, a price-to-earnings-growth ratio of 0.57 and a beta of 1.16. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $243.31.

Capital One Financial (NYSE:COF) last released its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The firm had revenue of $15.46 billion during the quarter. Equities analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, November 17th. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio is presently 135.02%.

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.