Appleton Partners Inc. MA Takes $3.66 Million Position in Capital One Financial Corporation $COF

Key Points

• Appleton Partners Inc. has acquired a new stake in Capital One Financial Corporation, purchasing 17,212 shares valued at approximately $3.66 million during the second quarter.
• Capital One's recent earnings report showed an EPS of $5.48, significantly exceeding analysts' expectations of $1.93, with a year-over-year revenue increase of 31.4%.
• The company announced a quarterly dividend of $0.60 per share, yielding 1.1%, with a payout ratio currently at 123.08%.

Appleton Partners Inc. MA acquired a new stake in Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,212 shares of the financial services provider's stock, valued at approximately $3,662,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Eagle Bay Advisors LLC grew its position in shares of Capital One Financial by 3.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider's stock valued at $299,000 after buying an additional 49 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. grew its position in shares of Capital One Financial by 0.3% in the 2nd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider's stock valued at $3,532,000 after buying an additional 50 shares during the last quarter. TFB Advisors LLC grew its position in shares of Capital One Financial by 3.4% in the 1st quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock valued at $276,000 after buying an additional 51 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Capital One Financial by 0.9% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider's stock valued at $1,097,000 after buying an additional 53 shares during the last quarter. Finally, tru Independence LLC grew its position in shares of Capital One Financial by 1.7% in the 2nd quarter. tru Independence LLC now owns 3,202 shares of the financial services provider's stock valued at $681,000 after buying an additional 55 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Up 0.3%

COF stock opened at $214.39 on Monday. The company has a market cap of $137.10 billion, a P/E ratio of 109.94, a P/E/G ratio of 0.79 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 company's 50-day moving average price is $219.30 and its 200 day moving average price is $201.35. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The firm's quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.14 EPS. On average, research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial's payout ratio is presently 123.08%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research report on Friday, August 1st. They issued a "buy" rating and a $290.00 target price on the stock. Wall Street Zen raised shares of Capital One Financial from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. Barclays reissued an "overweight" rating and set a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Weiss Ratings reissued a "hold (c-)" rating on shares of Capital One Financial in a research report on Saturday, September 27th. Finally, The Goldman Sachs Group lowered their price objective on shares of Capital One Financial from $276.00 to $266.00 and set a "buy" rating on the stock in a research report on Friday. 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $249.06.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the transaction, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the transaction, the general counsel owned 98,486 shares of the company's stock, valued at approximately $20,878,047.14. The trade was a 1.99% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is currently owned by insiders.

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.

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