Charter Capital Management LLC DE Purchases Shares of 1,157 Capital One Financial Corporation $COF

Key Points

• Charter Capital Management LLC purchased 1,157 shares of Capital One Financial, amounting to approximately $246,000, indicating growing institutional interest in the company.
• Insider trading activity included notable sales by Michael Zamsky and General Counsel Matthew W. Cooper, with the former selling over $1.15 million worth of shares, reflecting a 16.77% decrease in his position.
• Analysts have increased their price targets for Capital One Financial, with Royal Bank of Canada raising it from $240 to $255, while Rothschild & Co Redburn set a target of $290 and rated the stock as a "buy."

Charter Capital Management LLC DE acquired a new position in Capital One Financial Corporation (NYSE:COF - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,157 shares of the financial services provider's stock, valued at approximately $246,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in Capital One Financial by 18.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock valued at $10,010,000 after purchasing an additional 9,374 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of Capital One Financial by 105.3% in the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock worth $138,000 after buying an additional 394 shares during the period. Private Advisor Group LLC grew its stake in shares of Capital One Financial by 15.3% in the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock valued at $1,776,000 after buying an additional 1,312 shares in the last quarter. Mutual Advisors LLC acquired a new stake in shares of Capital One Financial in the first quarter valued at about $215,000. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Capital One Financial during the 4th quarter valued at about $91,780,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the business's 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 sale, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the sale, the general counsel directly owned 100,486 shares of the company's stock, valued at approximately $22,448,572.40. This represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,298 shares of company stock valued at $4,679,844 in the last ninety days. Company insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on COF shares. Royal Bank Of Canada upped their price target on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 price target for the company. Keefe, Bruyette & Woods lifted their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Finally, Truist Financial raised their target price on Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $239.44.

Capital One Financial Stock Performance

Shares of COF opened at $223.00 on Wednesday. The stock has a market capitalization of $142.61 billion, a PE ratio of 114.36, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. The business's fifty day moving average price is $218.93 and its 200 day moving average price is $198.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. The business's revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.14 earnings per share. Equities research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

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

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.

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