R Squared Ltd Buys New Position in Capital One Financial Corporation $COF

R Squared Ltd bought a new stake in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,290 shares of the financial services provider’s stock, valued at approximately $274,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new position in shares of Capital One Financial during the 1st quarter valued at about $25,000. Moisand Fitzgerald Tamayo LLC increased its stake in shares of Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 62 shares during the last quarter. Olistico Wealth LLC increased its stake in shares of Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 101 shares during the last quarter. Saudi Central Bank acquired a new position in shares of Capital One Financial during the 1st quarter valued at about $27,000. Finally, RMG Wealth Management LLC acquired a new position in shares of Capital One Financial during the 2nd quarter valued at about $27,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on COF. Evercore ISI upped their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Citigroup upped their price objective on shares of Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday. Keefe, Bruyette & Woods upped their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Robert W. Baird increased their target price on shares of Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Wells Fargo & Company increased their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $260.79.

Capital One Financial Stock Up 2.2%

NYSE COF opened at $224.93 on Friday. The stock has a market cap of $143.85 billion, a PE ratio of 94.91, a P/E/G ratio of 0.78 and a beta of 1.18. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The business has a 50 day moving average price of $219.38 and a two-hundred day moving average price of $205.63. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share for the quarter, topping analysts’ consensus estimates of $4.25 by $1.70. The firm had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $15.06 billion. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.Capital One Financial’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.51 EPS. As a group, sell-side analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio is currently 101.27%.

Insiders Place Their Bets

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the completion of the transaction, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. This represents a 1.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,184 shares of company stock worth $2,799,248 in the last 90 days. 1.26% of the stock is owned by company insiders.

Capital One Financial 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.