Zullo Investment Group Inc. Purchases 321 Shares of Capital One Financial Corporation $COF

Zullo Investment Group Inc. boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 13.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,735 shares of the financial services provider’s stock after purchasing an additional 321 shares during the period. Zullo Investment Group Inc.’s holdings in Capital One Financial were worth $582,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of COF. WPG Advisers LLC acquired a new position in Capital One Financial during the first quarter valued at approximately $25,000. 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 during the last quarter. Olistico Wealth LLC boosted its position in Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 101 shares during the last quarter. Saudi Central Bank acquired a new position in Capital One Financial during the first quarter valued at approximately $27,000. Finally, RMG Wealth Management LLC acquired a new position in Capital One Financial during the second quarter valued at approximately $27,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the completion of the sale, the general counsel owned 98,486 shares of the company’s stock, valued at approximately $20,878,047.14. This represents a 1.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the sale, the chief accounting officer directly owned 8,987 shares of the company’s stock, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock worth $5,103,824 in the last quarter. Insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

NYSE:COF opened at $202.37 on Friday. The stock has a market cap of $129.42 billion, a P/E ratio of 103.78, a PEG ratio of 0.77 and a beta of 1.18. The stock has a 50 day simple moving average of $219.02 and a 200 day simple moving average of $202.11. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. 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 released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same period in the previous year, the business posted $3.14 earnings per share. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. Research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is 123.08%.

Analyst Ratings Changes

Several brokerages recently commented on COF. Barclays increased their price target on Capital One Financial from $253.00 to $257.00 and gave the company an “overweight” rating in a research report on Monday. Redburn Atlantic raised Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. Truist Financial raised their price objective on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Rothschild & Co Redburn began coverage on Capital One Financial in a research report on Friday, August 1st. They issued a “buy” rating and a $290.00 price objective for the company. Finally, Citigroup raised their price objective on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $252.78.

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.