Berkshire Bank Acquires 132 Shares of Capital One Financial Co. (NYSE:COF)

Berkshire Bank increased its holdings in shares of Capital One Financial Co. (NYSE:COF) by 7.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,815 shares of the financial services provider’s stock after buying an additional 132 shares during the period. Berkshire Bank’s holdings in Capital One Financial were worth $325,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of COF. Bfsg LLC acquired a new position in Capital One Financial during the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Capital One Financial during the fourth quarter valued at approximately $27,000. TruNorth Capital Management LLC acquired a new position in Capital One Financial during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. acquired a new position in Capital One Financial during the fourth quarter valued at approximately $32,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Capital One Financial during the fourth quarter valued at approximately $41,000. 89.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on COF. Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Truist Financial boosted their price objective on shares of Capital One Financial from $215.00 to $225.00 and gave the company a “buy” rating in a report on Friday, April 25th. Citigroup reduced their price target on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating for the company in a report on Monday, March 24th. JPMorgan Chase & Co. reduced their price target on shares of Capital One Financial from $198.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Finally, Robert W. Baird upgraded shares of Capital One Financial from a “neutral” rating to an “outperform” rating and upped their price target for the company from $190.00 to $200.00 in a report on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $210.64.

Insiders Place Their Bets

In other news, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director now directly owns 56,244 shares of the company’s stock, valued at $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Zamsky sold 9,560 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the transaction, the insider now directly owns 20,089 shares in the company, valued at $4,005,746.60. The trade was a 32.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF opened at $197.63 on Tuesday. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $210.67. The firm has a fifty day simple moving average of $185.42 and a 200 day simple moving average of $185.36. The stock has a market capitalization of $75.72 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 1.19 and a beta of 1.13. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. Research analysts forecast that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial’s dividend payout ratio (DPR) is currently 20.15%.

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.