Symmetry Investments LP Makes New Investment in Capital One Financial Co. (NYSE:COF)

Symmetry Investments LP acquired a new stake in Capital One Financial Co. (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 acquired 14,500 shares of the financial services provider’s stock, valued at approximately $2,008,000.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Capital One Financial by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 30,893,408 shares of the financial services provider’s stock worth $4,599,720,000 after purchasing an additional 226,720 shares during the period. Capital Research Global Investors grew its position in Capital One Financial by 72.8% during the first quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock valued at $3,145,761,000 after buying an additional 8,900,241 shares during the period. Capital World Investors increased its holdings in Capital One Financial by 2.1% in the fourth quarter. Capital World Investors now owns 14,991,564 shares of the financial services provider’s stock valued at $1,965,761,000 after buying an additional 311,696 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Capital One Financial by 18.8% in the first quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock worth $517,184,000 after acquiring an additional 549,665 shares during the period. Finally, Putnam Investments LLC boosted its stake in shares of Capital One Financial by 4.0% during the 4th quarter. Putnam Investments LLC now owns 2,647,696 shares of the financial services provider’s stock worth $347,166,000 after acquiring an additional 101,613 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Down 0.5 %

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 has a market cap of $57.90 billion, a P/E ratio of 11.92, a P/E/G ratio of 1.08 and a beta of 1.44. 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 stock has a 50-day simple moving average of $142.56 and a 200-day simple moving average of $140.88.

Capital One Financial (NYSE:COF) last released its quarterly earnings data 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 revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts anticipate that Capital One Financial Co. will post 13.1 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a $0.60 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.40 annualized dividend and a yield of 1.58%. Capital One Financial’s dividend payout ratio is presently 18.79%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on COF. Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $145.00 to $165.00 in a report on Thursday, June 6th. Bank of America upped their target price on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Evercore ISI dropped their price target on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 8th. Finally, BTIG Research began coverage on shares of Capital One Financial in a report on Friday, June 7th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $147.21.

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.