Symmetry Investments LP Invests $2.01 Million in Capital One Financial Co. (NYSE:COF)

Symmetry Investments LP acquired a new stake in Capital One Financial Co. (NYSE:COF) during the second quarter, HoldingsChannel reports. The fund acquired 14,500 shares of the financial services provider’s stock, valued at approximately $2,008,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gryphon Financial Partners LLC boosted its holdings in shares of Capital One Financial by 3.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 3,538 shares of the financial services provider’s stock valued at $464,000 after acquiring an additional 114 shares in the last quarter. Gladstone Institutional Advisory LLC purchased a new stake in Capital One Financial in the 4th quarter valued at approximately $246,000. Corient Private Wealth LLC grew its holdings in Capital One Financial by 2.8% during the 4th quarter. Corient Private Wealth LLC now owns 83,502 shares of the financial services provider’s stock valued at $10,949,000 after buying an additional 2,246 shares during the last quarter. Quest Partners LLC purchased a new position in Capital One Financial during the fourth quarter worth $522,000. Finally, FineMark National Bank & Trust purchased a new stake in shares of Capital One Financial in the fourth quarter valued at $2,169,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Down 0.5 %

Shares of NYSE COF opened at $152.28 on Friday. Capital One Financial Co. has a 1 year low of $88.23 and a 1 year high of $153.36. The stock’s 50-day simple moving average is $142.56 and its 200-day simple moving average is $140.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $57.90 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 1.08 and a beta of 1.44.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the previous year, the business posted $3.52 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Capital One Financial Co. will post 13.1 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 1.58%. Capital One Financial’s dividend payout ratio is currently 18.79%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 8th. Bank of America upped their target price on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 price target on shares of Capital One Financial in a research note on Thursday, July 25th. Citigroup assumed coverage on shares of Capital One Financial in a report on Friday. They set a “buy” rating and a $190.00 price objective on the stock. Finally, BTIG Research started coverage on shares of Capital One Financial in a report on Friday, June 7th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Capital One Financial currently has a consensus rating of “Hold” and a consensus target price of $147.21.

Insider Buying and Selling

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the transaction, the insider now owns 73,734 shares of the company’s stock, valued at $11,060,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the sale, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

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.