Greenfield Savings Bank Purchases New Stake in Capital One Financial Corporation $COF

Key Points

• Greenfield Savings Bank has invested approximately $549,000 in Capital One Financial Corporation by purchasing 2,579 shares of stock during the second quarter.
• Insider trading activity includes General Counsel Matthew W. Cooper selling 2,000 shares worth about $446,800, while several analysts have recently adjusted their price targets for Capital One Financial upwards.
• Capital One Financial reported a strong quarterly earnings performance, with $5.48 earnings per share, significantly exceeding analyst estimates, despite a slight miss on revenue expectations.

Greenfield Savings Bank bought a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,579 shares of the financial services provider's stock, valued at approximately $549,000.

Several other institutional investors have also recently bought and sold shares of the company. Diamond Hill Capital Management Inc. acquired a new position in shares of Capital One Financial during the 1st quarter worth approximately $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Capital One Financial by 45.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock worth $838,609,000 after purchasing an additional 1,454,595 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Capital One Financial by 23.7% during the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock worth $889,519,000 after purchasing an additional 950,415 shares during the last quarter. Nuveen LLC acquired a new position in shares of Capital One Financial during the 1st quarter worth approximately $141,599,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Capital One Financial by 31.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,222,533 shares of the financial services provider's stock worth $574,642,000 after purchasing an additional 765,292 shares during the last quarter. Institutional investors own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on COF shares. Keefe, Bruyette & Woods boosted their price target 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. Barclays reaffirmed an "overweight" rating and set a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Wells Fargo & Company boosted their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Royal Bank Of Canada boosted their target price 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. Finally, Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $239.44.

Insider Transactions at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the transaction, the insider owned 27,364 shares of the company's stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the transaction, the general counsel directly owned 100,486 shares of the company's stock, valued at approximately $22,448,572.40. This trade represents a 1.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,298 shares of company stock valued at $4,679,844. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Stock Performance

NYSE COF traded down $2.19 on Tuesday, reaching $224.34. The stock had a trading volume of 3,254,929 shares, compared to its average volume of 2,822,828. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a fifty day moving average of $218.19 and a two-hundred day moving average of $196.86. Capital One Financial Corporation has a 1-year low of $140.93 and a 1-year high of $232.45. The company has a market cap of $143.47 billion, a P/E ratio of 115.05, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same period in the prior year, the company earned $3.14 earnings per share. The business's quarterly revenue was up 31.4% compared to the same quarter last year. On average, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

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

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.