Richardson Financial Services Inc. Grows Position in Capital One Financial Co. (NYSE:COF)

Richardson Financial Services Inc. increased its position in Capital One Financial Co. (NYSE:COF) by 48.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,175 shares of the financial services provider’s stock after buying an additional 705 shares during the quarter. Richardson Financial Services Inc.’s holdings in Capital One Financial were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in COF. Silicon Valley Capital Partners purchased a new position in shares of Capital One Financial in the first quarter valued at about $25,000. LRI Investments LLC bought a new stake in shares of Capital One Financial in the first quarter worth about $25,000. Y.D. More Investments Ltd bought a new stake in shares of Capital One Financial in the second quarter worth about $28,000. Hobbs Group Advisors LLC purchased a new position in Capital One Financial during the 2nd quarter valued at about $29,000. Finally, Bartlett & CO. Wealth Management LLC raised its position in Capital One Financial by 726.7% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 218 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on COF shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 price objective on shares of Capital One Financial in a research report on Thursday, July 25th. Bank of America boosted their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $145.00 to $165.00 in a research report on Thursday, June 6th. Evercore ISI reduced 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 report on Tuesday, June 25th. Finally, BTIG Research began coverage on shares of Capital One Financial in a research note on Friday, June 7th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $145.89.

Capital One Financial Price Performance

COF opened at $145.43 on Thursday. Capital One Financial Co. has a 1 year low of $88.23 and a 1 year high of $153.35. The stock has a 50-day moving average price of $142.00 and a 200-day moving average price of $140.68. The firm has a market cap of $55.29 billion, a PE ratio of 11.39, 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 current ratio of 1.00 and a quick ratio of 1.00.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.14). The firm had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.52 EPS. Sell-side analysts predict that Capital One Financial Co. will post 13.1 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s payout ratio is 18.79%.

Insider Transactions at Capital One Financial

In related news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction dated 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 in the company, valued at approximately $5,438,491.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of Capital One Financial stock in a transaction that occurred on 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 sale, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Capital One Financial Company 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.