Eastern Bank Purchases 957 Shares of Capital One Financial Corporation $COF

Eastern Bank grew its position in shares of Capital One Financial Corporation (NYSE:COF) by 328.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,248 shares of the financial services provider’s stock after acquiring an additional 957 shares during the quarter. Eastern Bank’s holdings in Capital One Financial were worth $266,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WPG Advisers LLC bought a new stake in Capital One Financial during the 1st quarter valued at $25,000. Moisand Fitzgerald Tamayo LLC increased its position in shares of 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 worth $26,000 after acquiring an additional 62 shares in the last quarter. Olistico Wealth LLC increased its position in shares of Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 101 shares in the last quarter. Saudi Central Bank bought a new stake in Capital One Financial during the 1st quarter worth approximately $27,000. Finally, RMG Wealth Management LLC bought a new stake in Capital One Financial during the second quarter worth $27,000. Institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In other news, insider Robert M. Alexander sold 10,114 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael Zamsky sold 5,515 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,298 shares of company stock valued at $5,103,824. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Price Performance

NYSE COF opened at $202.37 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a market cap of $129.42 billion, a PE ratio of 103.78, a price-to-earnings-growth ratio of 0.74 and a beta of 1.18. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The firm’s 50-day simple moving average is $219.02 and its two-hundred day simple moving average is $202.43.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period last year, the firm earned $3.14 EPS. Research analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $0.60 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.2%. Capital One Financial’s payout ratio is 123.08%.

Analyst Upgrades and Downgrades

COF has been the subject of several recent analyst reports. Evercore ISI upped their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Capital One Financial from $215.00 to $224.00 and gave the stock a “hold” rating in a research report on Thursday, October 2nd. HSBC set a $218.00 price objective on shares of Capital One Financial and gave the stock a “hold” rating in a research report on Friday. JPMorgan Chase & Co. reduced their price objective on Capital One Financial from $248.00 to $235.00 and set a “neutral” rating for the company in a research note on Tuesday, October 7th. Finally, Royal Bank Of Canada raised their price objective 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. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock 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.