2,552 Shares in Capital One Financial Corporation $COF Acquired by Berman McAleer LLC

Berman McAleer LLC purchased a new stake in Capital One Financial Corporation (NYSE:COF) during the third quarter, Holdings Channel reports. The firm purchased 2,552 shares of the financial services provider’s stock, valued at approximately $543,000.

Several other hedge funds have also recently bought and sold shares of COF. Olistico Wealth LLC increased 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 worth $26,000 after purchasing an additional 101 shares in the last quarter. RMG Wealth Management LLC acquired a new stake in shares of Capital One Financial during the second quarter worth approximately $27,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of Capital One Financial by 66.7% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 50 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Capital One Financial in the 2nd quarter worth approximately $28,000. Finally, Solstein Capital LLC acquired a new position in shares of Capital One Financial in the 2nd quarter worth approximately $28,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Price Performance

Shares of COF stock opened at $218.97 on Friday. The firm’s 50 day moving average price is $234.82 and its two-hundred day moving average price is $223.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $259.64. The stock has a market cap of $139.21 billion, a PE ratio of 73.98, a PEG ratio of 0.65 and a beta of 1.13.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The company had revenue of $15.62 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same period last year, the company earned $2.67 EPS. The business’s revenue for the quarter was up 53.3% compared to the same quarter last year. As a group, analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, November 17th. Capital One Financial’s dividend payout ratio (DPR) is 108.11%.

Insider Activity at Capital One Financial

In related news, insider Lia Dean sold 3,269 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $218.15, for a total transaction of $713,132.35. Following the completion of the transaction, the insider owned 69,855 shares in the company, valued at approximately $15,238,868.25. The trade was a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ravi Raghu sold 13,450 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the completion of the sale, the insider directly owned 30,337 shares of the company’s stock, valued at $7,584,250. The trade was a 30.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 195,409 shares of company stock worth $43,756,821. 1.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

COF has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a research note on Monday, December 29th. Wolfe Research reduced their price target on shares of Capital One Financial from $294.00 to $280.00 and set an “outperform” rating on the stock in a research report on Friday, January 23rd. The Goldman Sachs Group reissued a “buy” rating and set a $300.00 price objective on shares of Capital One Financial in a report on Tuesday, January 6th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $275.00 target price on shares of Capital One Financial in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average target price of $274.70.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.