Rockland Trust Co. Takes $387,000 Position in Capital One Financial Co. (NYSE:COF)

Rockland Trust Co. bought a new stake in Capital One Financial Co. (NYSE:COF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,172 shares of the financial services provider’s stock, valued at approximately $387,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COF. Catalyst Capital Advisors LLC purchased a new stake in shares of Capital One Financial in the 3rd quarter valued at $36,000. Creative Financial Designs Inc. ADV increased its stake in Capital One Financial by 135.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 166 shares during the period. Eastern Bank acquired a new stake in shares of Capital One Financial during the third quarter worth about $44,000. Prospera Private Wealth LLC purchased a new position in shares of Capital One Financial in the third quarter valued at approximately $47,000. Finally, Concord Wealth Partners increased its stake in Capital One Financial by 115.3% during the 3rd quarter. Concord Wealth Partners now owns 323 shares of the financial services provider’s stock worth $48,000 after buying an additional 173 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays upgraded shares of Capital One Financial from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $158.00 to $219.00 in a research note on Monday, January 6th. Bank of America lowered Capital One Financial from a “buy” rating to a “neutral” rating and reduced their price target for the company from $203.00 to $200.00 in a research report on Monday, December 9th. HSBC raised Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective for the company in a research report on Tuesday. Citigroup initiated coverage on shares of Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 target price on the stock. Finally, UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $168.00 to $235.00 in a report on Monday. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Capital One Financial presently has a consensus rating of “Hold” and an average price target of $188.06.

Insiders Place Their Bets

In other news, insider Kara West sold 721 shares of Capital One Financial stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the sale, the insider now owns 12,929 shares of the company’s stock, valued at $2,388,374.17. The trade was a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the transaction, the insider now directly owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This represents a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,256 shares of company stock valued at $2,462,487. 1.30% of the stock is owned by company insiders.

Capital One Financial Price Performance

Shares of NYSE COF opened at $190.79 on Thursday. The stock has a market cap of $72.79 billion, a P/E ratio of 18.02, a P/E/G ratio of 1.34 and a beta of 1.45. Capital One Financial Co. has a twelve month low of $123.23 and a twelve month high of $198.30. The stock has a 50 day moving average of $183.63 and a two-hundred day moving average of $159.54. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. Capital One Financial’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.45 EPS. On average, research analysts forecast that Capital One Financial Co. will post 13.54 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.26%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s dividend payout ratio is presently 22.66%.

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.