Bain Capital Public Equity Management II LLC Invests $125.40 Million in Capital One Financial Corporation $COF

Bain Capital Public Equity Management II LLC purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, Holdings Channel.com reports. The fund purchased 589,392 shares of the financial services provider’s stock, valued at approximately $125,399,000. Capital One Financial accounts for approximately 5.9% of Bain Capital Public Equity Management II LLC’s portfolio, making the stock its 9th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after acquiring an additional 10,428 shares in the last quarter. AlphaCore Capital LLC purchased a new position in Capital One Financial in the first quarter worth $60,000. Savvy Advisors Inc. bought a new position in Capital One Financial in the 1st quarter valued at $215,000. Zions Bancorporation National Association UT bought a new position in Capital One Financial in the 1st quarter valued at $90,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Capital One Financial by 207.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,818 shares of the financial services provider’s stock valued at $3,015,000 after purchasing an additional 11,340 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

NYSE:COF opened at $230.32 on Tuesday. The stock has a market cap of $146.42 billion, a P/E ratio of 97.18, a PEG ratio of 0.55 and a beta of 1.16. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $215.96 and its two-hundred day moving average price is $213.90. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $233.04.

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

Capital One Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were paid a $0.80 dividend. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. Capital One Financial’s dividend payout ratio is presently 135.02%.

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 on Thursday, November 13th. The shares were sold at an average price of $222.03, for a total value of $3,961,015.20. Following the sale, the insider owned 48,315 shares of the company’s stock, valued at $10,727,379.45. This trade represents a 26.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $221.54, for a total transaction of $443,080.00. Following the sale, the general counsel owned 94,486 shares of the company’s stock, valued at approximately $20,932,428.44. This represents a 2.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 280,218 shares of company stock worth $62,395,804 over the last three months. Corporate insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on COF shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Capital One Financial from $224.00 to $240.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Cowen restated a “buy” rating on shares of Capital One Financial in a research note on Wednesday, November 26th. Evercore ISI lifted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. JPMorgan Chase & Co. increased their price objective on Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Finally, Wolfe Research assumed coverage on Capital One Financial in a research report on Monday. They issued an “outperform” rating and a $270.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and a consensus price target of $262.05.

About Capital One Financial

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.