Schrum Private Wealth Management LLC Purchases Shares of 2,450 Capital One Financial Corporation $COF

Key Points

• Schrum Private Wealth Management LLC has purchased 2,450 shares of Capital One Financial Corporation, valued at approximately $521,000, indicating a significant investment in the financial services provider.
• Insider activity has seen general counsel Matthew W. Cooper sell 2,000 shares for about $423,980, while another insider, Michael Zamsky, sold 5,515 shares for approximately $1.16 million, illustrating notable transactions among executives.
• Capital One Financial recently reported quarterly earnings of $5.48 EPS, significantly surpassing estimates, alongside announcing a quarterly dividend of $0.60 per share, reflecting its robust financial health.

Schrum Private Wealth Management LLC purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,450 shares of the financial services provider's stock, valued at approximately $521,000.

A number of other institutional investors have also made changes to their positions in the stock. Maryland State Retirement & Pension System increased its position in shares of Capital One Financial by 72.6% during the second quarter. Maryland State Retirement & Pension System now owns 30,552 shares of the financial services provider's stock valued at $6,500,000 after acquiring an additional 12,851 shares during the last quarter. Optas LLC acquired a new stake in shares of Capital One Financial during the second quarter valued at about $731,000. Valmark Advisers Inc. acquired a new stake in shares of Capital One Financial during the second quarter valued at about $602,000. Northern Financial Advisors Inc increased its position in shares of Capital One Financial by 7.5% during the second quarter. Northern Financial Advisors Inc now owns 5,710 shares of the financial services provider's stock valued at $1,215,000 after acquiring an additional 396 shares during the last quarter. Finally, Winthrop Advisory Group LLC acquired a new stake in shares of Capital One Financial during the second quarter valued at about $314,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the sale, the general counsel directly owned 98,486 shares of the company's stock, valued at $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the business'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 completion of the sale, the insider directly owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,298 shares of company stock valued at $5,103,824 in the last 90 days. Company insiders own 1.26% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on COF. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Evercore ISI raised their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company an "outperform" rating in a research report on Tuesday, September 30th. Barclays raised their price target on shares of Capital One Financial from $253.00 to $257.00 and gave the company an "overweight" rating in a research report on Monday. Weiss Ratings reissued a "hold (c-)" rating on shares of Capital One Financial in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their price target 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. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $250.44.

Capital One Financial Price Performance

Capital One Financial stock opened at $211.79 on Thursday. The stock has a market cap of $135.44 billion, a P/E ratio of 108.61, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. The company has a fifty day simple moving average of $219.22 and a 200-day simple moving average of $201.77. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. Capital One Financial's revenue for the quarter was up 31.4% on a year-over-year basis. During the same period last year, the firm posted $3.14 earnings per share. Equities analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $0.60 per share. 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%.

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.

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.