Ranch Capital Advisors Inc. Purchases New Shares in Capital One Financial Corporation $COF

Ranch Capital Advisors Inc. purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, Holdings Channel reports. The fund purchased 2,174 shares of the financial services provider’s stock, valued at approximately $463,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC boosted its position in Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 62 shares in the last quarter. Olistico Wealth LLC raised its stake in Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after buying an additional 101 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its stake in shares of Capital One Financial by 66.7% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 50 shares during the last quarter. RMG Wealth Management LLC purchased a new position in shares of Capital One Financial in the second quarter worth about $27,000. Finally, Signature Resources Capital Management LLC purchased a new position in shares of Capital One Financial in the second quarter worth about $28,000. Institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In related news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares in the company, valued at approximately $1,889,786.36. The trade was a 27.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,184 shares of company stock worth $2,799,248. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Stock Performance

Shares of NYSE:COF opened at $224.93 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.02. The business’s 50 day moving average price is $219.38 and its 200-day moving average price is $205.25. The firm has a market capitalization of $143.85 billion, a PE ratio of 94.91, a P/E/G ratio of 0.77 and a beta of 1.18. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $1.70. The firm had revenue of $15.36 billion for the quarter, compared to analyst estimates of $15.06 billion. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The business’s revenue was up 53.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.51 earnings per share. As a group, equities research analysts expect that Capital One Financial Corporation will post 15.65 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 Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is presently 101.27%.

Wall Street Analyst Weigh In

Several research firms recently commented on COF. Barclays raised their target price on Capital One Financial from $257.00 to $271.00 and gave the stock an “overweight” rating in a report on Wednesday. Keefe, Bruyette & Woods raised their target price on Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. HSBC raised their target price on Capital One Financial from $218.00 to $234.00 and gave the stock a “hold” rating in a report on Thursday. Royal Bank Of Canada raised their target price on Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 23rd. Finally, TD Cowen raised their target price on Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and an average target price of $260.79.

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.