Grove Bank & Trust Buys 64 Shares of Capital One Financial Co. (NYSE:COF)

Grove Bank & Trust boosted its position in Capital One Financial Co. (NYSE:COF) by 7.0% during 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 purchasing 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 filing with the Securities and Exchange Commission (SEC).

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

Insider Activity

In other news, insider Michael Zamsky sold 10,541 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 26,482 shares of the company’s stock, valued at $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kara West sold 721 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total transaction of $133,190.33. Following the completion of the sale, the insider now owns 12,929 shares in the company, valued at $2,388,374.17. This represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,256 shares of company stock worth $2,462,487 over the last 90 days. 1.30% of the stock is currently owned by insiders.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $191.16 on Monday. Capital One Financial Co. has a 12 month low of $123.23 and a 12 month high of $198.30. The firm has a market capitalization of $72.88 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.12 and a beta of 1.46. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $183.82 and a two-hundred day simple moving average of $160.45.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data 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. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter in the previous year, the business earned $4.45 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities analysts forecast that Capital One Financial Co. will post 13.41 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on COF shares. Hsbc Global Res raised shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Robert W. Baird raised their price target on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Royal Bank of Canada boosted their price objective on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Finally, HSBC raised shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target on the stock in a report on Tuesday, January 14th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.