Eastern Bank Acquires 957 Shares of Capital One Financial Corporation $COF

Eastern Bank raised its holdings in Capital One Financial Corporation (NYSE:COF) by 328.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,248 shares of the financial services provider’s stock after purchasing an additional 957 shares during the period. Eastern Bank’s holdings in Capital One Financial were worth $266,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC bought a new stake in shares of Capital One Financial in the first quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC lifted its position in shares of Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 62 shares during the period. Olistico Wealth LLC lifted its position in shares of Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 101 shares during the period. Saudi Central Bank bought a new stake in Capital One Financial during the first quarter worth about $27,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Capital One Financial during the 2nd quarter worth approximately $27,000. Institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on COF shares. Truist Financial upped their target price on Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. The Goldman Sachs Group decreased 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, October 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Capital One Financial in a research note on Wednesday, October 8th. Morgan Stanley increased their price objective on shares of Capital One Financial from $261.00 to $267.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Capital One Financial from $215.00 to $224.00 and gave the company a “hold” rating in a research note on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $252.78.

Capital One Financial Price Performance

COF stock opened at $202.37 on Monday. The company has a fifty day moving average price of $219.02 and a 200-day moving average price of $202.43. The company has a market capitalization of $129.42 billion, a P/E ratio of 103.78, a PEG ratio of 0.74 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 debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF) last announced its earnings results 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 company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the prior year, the business earned $3.14 earnings per share. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. As a group, equities analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the transaction, the general counsel directly owned 98,486 shares of the company’s stock, valued at approximately $20,878,047.14. This trade represents a 1.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the sale, the insider owned 68,707 shares of the company’s stock, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock worth $5,103,824 over the last ninety days. Corporate insiders own 1.26% of the company’s stock.

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.