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

Rockland Trust Co. acquired 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 (SEC). The firm acquired 2,172 shares of the financial services provider’s stock, valued at approximately $387,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. boosted its stake in shares of Capital One Financial by 5.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider’s stock worth $21,976,000 after acquiring an additional 7,331 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Capital One Financial by 4.3% during the third quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider’s stock worth $64,482,000 after purchasing an additional 17,825 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in Capital One Financial during the third quarter worth $1,649,000. Dai ichi Life Insurance Company Ltd grew its holdings in Capital One Financial by 36.8% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 11,162 shares of the financial services provider’s stock valued at $1,671,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Capital One Financial by 0.7% in the third quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock valued at $1,451,527,000 after buying an additional 72,097 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In related news, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total value of $323,765.78. Following the transaction, the insider now owns 19,776 shares in the company, valued at approximately $3,211,029.12. This represents a 9.16 % 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 ninety days. 1.30% of the stock is owned by company insiders.

Capital One Financial Stock Up 3.3 %

Shares of NYSE COF opened at $190.79 on Thursday. The stock has a market capitalization of $72.79 billion, a PE ratio of 18.02, a P/E/G ratio of 1.34 and a beta of 1.45. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. The firm has a fifty day moving average of $183.63 and a 200-day moving average of $159.54. 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 posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.45 earnings per share. On average, analysts anticipate that Capital One Financial Co. will post 13.54 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders 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 dividend payout ratio (DPR) is 22.66%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods increased their price target on shares of Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Evercore ISI lifted their price objective on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price on the stock in a report on Tuesday. Finally, Wells Fargo & Company upped their price objective on Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.