Grove Bank & Trust Boosts Stake in Capital One Financial Co. (NYSE:COF)

Grove Bank & Trust raised its position in shares of Capital One Financial Co. (NYSE:COF) by 7.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 973 shares of the financial services provider’s stock after buying an additional 64 shares during the quarter. Grove Bank & Trust’s holdings in Capital One Financial were worth $174,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Decker Retirement Planning Inc. bought a new stake in Capital One Financial in the fourth quarter worth $32,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Capital One Financial during the 3rd quarter valued at about $36,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Capital One Financial by 135.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 166 shares during the last quarter. Eastern Bank purchased a new position in Capital One Financial in the third quarter worth about $44,000. Finally, Prospera Private Wealth LLC bought a new stake in Capital One Financial during the third quarter worth approximately $47,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Capital One Financial

In related news, insider Mark Daniel Mouadeb sold 1,994 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total transaction of $323,765.78. Following the transaction, the insider now directly owns 19,776 shares in the company, valued at $3,211,029.12. The trade was a 9.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the sale, the insider now directly owns 26,482 shares of the company’s stock, valued at approximately $5,038,465.32. This represents a 28.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,256 shares of company stock worth $2,462,487 over the last three months. Corporate insiders own 1.30% of the company’s stock.

Capital One Financial Price Performance

NYSE COF opened at $191.16 on Monday. The company has a market cap of $72.88 billion, a PE ratio of 18.05, a P/E/G ratio of 1.12 and a beta of 1.46. The firm’s 50 day moving average price is $183.82 and its 200-day moving average price is $160.45. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. Capital One Financial Co. has a 52-week low of $123.23 and a 52-week high of $198.30.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data 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 return on equity of 9.00% and a net margin of 8.80%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $4.45 EPS. Sell-side analysts forecast that Capital One Financial Co. will post 13.41 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently commented on COF. Evercore ISI lifted their target price on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. The Goldman Sachs Group boosted their price objective on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and raised their target price for the stock from $168.00 to $235.00 in a report on Monday, January 13th. Wells Fargo & Company upped their price target on shares of Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods boosted their target price on Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $188.06.

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.