Camden National Bank Invests $238,000 in Capital One Financial Corporation $COF

Camden National Bank acquired a new stake in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,119 shares of the financial services provider’s stock, valued at approximately $238,000.

A number of other large investors also recently bought and sold shares of COF. Cozad Asset Management Inc. acquired a new position in shares of Capital One Financial in the 2nd quarter worth approximately $462,000. Stevens Capital Management LP purchased a new stake in Capital One Financial in the second quarter valued at approximately $1,095,000. Rhumbline Advisers lifted its stake in Capital One Financial by 67.1% during the second quarter. Rhumbline Advisers now owns 1,190,239 shares of the financial services provider’s stock worth $253,235,000 after purchasing an additional 478,117 shares in the last quarter. AlphaCore Capital LLC grew its stake in shares of Capital One Financial by 226.4% in the second quarter. AlphaCore Capital LLC now owns 1,087 shares of the financial services provider’s stock valued at $231,000 after buying an additional 754 shares in the last quarter. Finally, Mufg Securities Americas Inc. raised its holdings in shares of Capital One Financial by 110.1% in the 2nd quarter. Mufg Securities Americas Inc. now owns 14,175 shares of the financial services provider’s stock valued at $3,016,000 after buying an additional 7,427 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Buying and Selling

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $219.41, for a total value of $438,820.00. Following the transaction, the general counsel directly owned 96,486 shares in the company, valued at approximately $21,169,993.26. This trade represents a 2.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard D. Fairbank sold 103,487 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total value of $22,837,511.16. Following the completion of the transaction, the chief executive officer directly owned 4,001,228 shares in the company, valued at approximately $882,990,995.04. The trade was a 2.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 274,013 shares of company stock valued at $61,045,903 in the last quarter. 1.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

COF has been the subject of several research reports. Redburn Atlantic raised Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. Wolfe Research lifted their price objective on shares of Capital One Financial from $260.00 to $262.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. BTIG Research reiterated a “buy” rating and set a $264.00 target price on shares of Capital One Financial in a report on Wednesday, October 22nd. Morgan Stanley upped their price objective on Capital One Financial from $267.00 to $272.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Evercore ISI increased their price objective on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $207.96 on Friday. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The firm has a market capitalization of $132.21 billion, a P/E ratio of 87.75, a P/E/G ratio of 0.70 and a beta of 1.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The company’s fifty day moving average price is $216.71 and its 200 day moving average price is $211.61.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The company had revenue of $15.46 billion for the quarter. As a group, sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio is currently 135.02%.

About Capital One Financial

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.