Berger Financial Group Inc Buys Shares of 1,514 Capital One Financial Corporation $COF

Key Points

• Berger Financial Group Inc has acquired a new stake in Capital One Financial Corporation, purchasing 1,514 shares valued at approximately $322,000.
• Insider sales include General Counsel Matthew W. Cooper selling 2,000 shares for nearly $424,000, reflecting a decrease in his ownership.
• Capital One Financial recently announced a quarterly dividend of $0.60 per share, with a payout ratio of 123.08%.

Berger Financial Group Inc acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,514 shares of the financial services provider's stock, valued at approximately $322,000.

A number of other large investors also recently bought and sold shares of COF. Moisand Fitzgerald Tamayo LLC boosted its position in 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 valued at $26,000 after purchasing an additional 62 shares in the last quarter. Signature Resources Capital Management LLC purchased a new stake in shares of Capital One Financial during the second quarter valued at about $28,000. WPG Advisers LLC bought a new stake in shares of Capital One Financial in the 1st quarter valued at about $25,000. Saudi Central Bank purchased a new position in shares of Capital One Financial in the 1st quarter worth approximately $27,000. Finally, First United Bank & Trust purchased a new position in shares of Capital One Financial in the 2nd quarter worth approximately $32,000. Institutional investors own 89.84% of the company's stock.

Insider Buying and Selling

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the completion of the transaction, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. This trade represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Timothy P. Golden sold 207 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the transaction, the chief accounting officer directly owned 8,780 shares of the company's stock, valued at $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock worth $5,103,824 over the last ninety days. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Trading Down 0.3%

Capital One Financial stock opened at $213.78 on Tuesday. The stock has a 50-day moving average price of $219.29 and a 200 day moving average price of $201.62. The company has a market capitalization of $136.72 billion, a price-to-earnings ratio of 109.63, a price-to-earnings-growth 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 has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

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

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's payout ratio is 123.08%.

Analyst Upgrades and Downgrades

COF has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Capital One Financial from $215.00 to $224.00 and gave the company a "hold" rating in a research report on Thursday, October 2nd. Keefe, Bruyette & Woods raised their price objective on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Robert W. Baird boosted their target price on Capital One Financial from $240.00 to $245.00 and gave the stock an "outperform" rating in a research note on Thursday, October 2nd. The Goldman Sachs Group reduced their target price on Capital One Financial from $276.00 to $266.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Rothschild & Co Redburn started coverage on Capital One Financial in a report on Friday, August 1st. They issued a "buy" rating and a $290.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $249.44.

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.

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