Rexford Capital Inc. Takes $877,000 Position in Capital One Financial Corporation $COF

Rexford Capital Inc. bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,122 shares of the financial services provider’s stock, valued at approximately $877,000.

A number of other hedge funds have also modified their holdings of COF. Brighton Jones LLC lifted its stake in shares of Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after purchasing an additional 10,428 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its position in shares of Capital One Financial by 127.3% in the first quarter. Vestmark Advisory Solutions Inc. now owns 8,350 shares of the financial services provider’s stock worth $1,497,000 after buying an additional 4,676 shares during the last quarter. Horizon Investments LLC boosted its stake in shares of Capital One Financial by 7.7% during the 1st quarter. Horizon Investments LLC now owns 16,344 shares of the financial services provider’s stock worth $2,930,000 after acquiring an additional 1,167 shares in the last quarter. Aberdeen Group plc increased its holdings in shares of Capital One Financial by 102.9% during the 1st quarter. Aberdeen Group plc now owns 272,154 shares of the financial services provider’s stock valued at $48,158,000 after acquiring an additional 138,000 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Capital One Financial by 31.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,739 shares of the financial services provider’s stock valued at $491,000 after acquiring an additional 661 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Price Performance

NYSE:COF opened at $237.71 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The firm has a market cap of $151.12 billion, a PE ratio of 100.30, a price-to-earnings-growth ratio of 0.57 and a beta of 1.16. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $243.31. The company’s 50-day moving average price is $217.78 and its two-hundred day moving average price is $215.09.

Capital One Financial (NYSE:COF) last announced its earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The business had revenue of $15.46 billion for the quarter. On average, equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a $0.80 dividend. 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%. The ex-dividend date of this dividend was Monday, November 17th. Capital One Financial’s dividend payout ratio (DPR) is presently 135.02%.

Insider Buying and Selling at Capital One Financial

In related news, insider Lia Dean sold 3,269 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $218.15, for a total value of $713,132.35. Following the completion of the sale, the insider owned 69,855 shares of the company’s stock, valued at $15,238,868.25. This trade represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Frank G. LapradeIii sold 17,840 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $222.03, for a total value of $3,961,015.20. Following the transaction, the insider directly owned 48,315 shares in the company, valued at approximately $10,727,379.45. This represents a 26.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 280,218 shares of company stock worth $62,395,804 over the last quarter. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Evercore ISI boosted their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. UBS Group lowered their price target on Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $235.00 to $237.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. The Goldman Sachs Group raised their target price on Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $264.00 price target on shares of Capital One Financial in a research report on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $262.70.

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.