Rydar Equities Inc. Invests $854,000 in Capital One Financial Corporation $COF

Rydar Equities Inc. bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 4,016 shares of the financial services provider’s stock, valued at approximately $854,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC grew its stake 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 acquiring an additional 117,427,549 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Capital One Financial by 74.8% during 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 raised its position in shares of Capital One Financial by 63.4% during the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after buying an additional 10,776,843 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 buying an additional 5,474,328 shares during the period. Finally, Norges Bank bought a new stake in shares of Capital One Financial in the second quarter valued at about $1,701,511,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the subject of several recent research reports. Morgan Stanley upped their price target on Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. TD Cowen boosted their price objective on Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research report on Monday, October 6th. The Goldman Sachs Group raised their target price on Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Zacks Research downgraded shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, Evercore ISI lifted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus price target of $262.70.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $221.54, for a total value of $443,080.00. Following the transaction, the general counsel directly owned 94,486 shares in the company, valued at approximately $20,932,428.44. This trade represents a 2.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Neal Blinde sold 43,200 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $221.83, for a total value of $9,583,056.00. Following the sale, the insider owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. The trade was a 37.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 280,218 shares of company stock valued at $62,395,804 over the last three months. Insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

NYSE COF opened at $237.71 on Monday. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $243.31. The company has a 50 day moving average of $217.78 and a 200-day moving average of $215.25. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. The firm has a market cap of $151.12 billion, a price-to-earnings ratio of 100.30, a PEG ratio of 0.57 and a beta of 1.16.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. The business had revenue of $15.46 billion for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%. On average, equities analysts forecast 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 announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were given a dividend of $0.80 per share. The ex-dividend date was Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.3%. Capital One Financial’s dividend payout ratio (DPR) is currently 135.02%.

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.