Baxter Bros Inc. Purchases Shares of 1,064 Capital One Financial Corporation $COF

Baxter Bros Inc. purchased a new stake in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, Holdings Channel reports. The firm purchased 1,064 shares of the financial services provider’s stock, valued at approximately $226,000.

Several other large investors also recently made changes to their positions in COF. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Capital One Financial by 18.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider’s stock valued at $10,010,000 after acquiring an additional 9,374 shares in the last quarter. Plancorp LLC bought a new position in shares of Capital One Financial in the second quarter valued at approximately $272,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Capital One Financial by 105.3% in the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 394 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Capital One Financial by 15.3% in the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock valued at $1,776,000 after acquiring an additional 1,312 shares in the last quarter. Finally, Mutual Advisors LLC bought a new position in shares of Capital One Financial in the first quarter valued at approximately $215,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of Capital One Financial from $276.00 to $266.00 and set a “buy” rating for the company in a report on Friday, October 3rd. Morgan Stanley increased their price objective on shares of Capital One Financial from $261.00 to $267.00 and gave the company an “overweight” rating in a report on Monday, September 29th. Royal Bank Of Canada raised their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 23rd. Wells Fargo & Company raised their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $250.44.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the sale, the insider owned 27,364 shares of the company’s stock, valued at $5,735,220.76. This trade represents a 16.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction 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 sale, the general counsel directly owned 98,486 shares of the company’s stock, valued at $20,878,047.14. This trade represents a 1.99% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,298 shares of company stock worth $5,103,824. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF stock opened at $211.79 on Thursday. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $135.44 billion, a price-to-earnings ratio of 108.61, a P/E/G ratio of 0.79 and a beta of 1.18. The stock’s fifty day simple moving average is $219.22 and its 200-day simple moving average is $201.77.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. During the same quarter in the prior year, the firm posted $3.14 EPS. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. On average, sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is 123.08%.

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.