Rossmore Private Capital Acquires Shares of 4,406 Capital One Financial Corporation (NYSE:COF)

Key Points

• Rossmore Private Capital has invested approximately $790,000 by purchasing 4,406 shares of Capital One Financial Corporation (NYSE:COF) in the first quarter.
• Multiple analysts have upgraded their target price for Capital One Financial, with Truist Financial raising it to $260.00 and maintaining a "buy" rating.
• Insider transactions saw Michael Zamsky sell 5,515 shares for over $1.15 million, reducing his ownership by 16.77%.

Rossmore Private Capital purchased a new position in Capital One Financial Corporation (NYSE:COF - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,406 shares of the financial services provider's stock, valued at approximately $790,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Beacon Capital Management LLC lifted its holdings in shares of Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after acquiring an additional 97 shares during the period. Bogart Wealth LLC lifted its holdings in Capital One Financial by 1,518.8% during the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 243 shares during the last quarter. Motco lifted its holdings in Capital One Financial by 115.1% during the 1st quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 137 shares during the last quarter. Rossby Financial LCC bought a new position in Capital One Financial during the 1st quarter valued at about $48,000. Finally, Bernard Wealth Management Corp. bought a new position in Capital One Financial during the 1st quarter valued at about $54,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,091 shares of company stock valued at $4,188,454 over the last 90 days. 1.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

COF has been the subject of several research reports. Wall Street Zen cut shares of Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday. Wells Fargo & Company raised their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Rothschild & Co Redburn began coverage on shares of Capital One Financial in a research report on Friday, August 1st. They issued a "buy" rating and a $290.00 price objective for the company. Truist Financial lifted their price target on shares of Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and lifted their price target for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $238.81.

Capital One Financial Trading Up 0.3%

NYSE COF traded up $0.65 during trading on Wednesday, reaching $217.38. 2,951,855 shares of the stock traded hands, compared to its average volume of 4,204,608. 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 Corporation has a fifty-two week low of $131.55 and a fifty-two week high of $232.45. The stock's 50-day moving average price is $210.24 and its 200 day moving average price is $193.51. The firm has a market cap of $139.02 billion, a price-to-earnings ratio of 111.48, a price-to-earnings-growth ratio of 0.85 and a beta of 1.16.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share 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 the consensus estimate of $12.72 billion. During the same period in the previous year, the firm posted $3.14 EPS. The business's quarterly revenue was up 31.4% compared to the same quarter last year. Analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

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

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.