Berkshire Bank Buys 155 Shares of Capital One Financial Corporation $COF

Berkshire Bank boosted its stake in Capital One Financial Corporation (NYSE:COF) by 8.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,970 shares of the financial services provider’s stock after purchasing an additional 155 shares during the quarter. Berkshire Bank’s holdings in Capital One Financial were worth $419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of COF. Fragasso Financial Advisors Inc bought a new position in shares of Capital One Financial in the second quarter worth approximately $201,000. Fiduciary Alliance LLC raised its stake in Capital One Financial by 40.6% in the second quarter. Fiduciary Alliance LLC now owns 12,228 shares of the financial services provider’s stock valued at $2,602,000 after purchasing an additional 3,530 shares in the last quarter. First Bank & Trust purchased a new stake in Capital One Financial in the second quarter valued at approximately $368,000. Exchange Bank purchased a new stake in Capital One Financial in the second quarter valued at approximately $237,000. Finally, Veracity Capital LLC purchased a new stake in Capital One Financial in the second quarter valued at approximately $253,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

NYSE:COF opened at $224.34 on Wednesday. The stock 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. The firm’s fifty day simple moving average is $218.19 and its 200 day simple moving average is $196.86. Capital One Financial Corporation has a twelve month low of $140.93 and a twelve month high of $232.45. 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 (NYSE:COF) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating the consensus estimate 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. The business’s revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.14 EPS. As a group, research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $0.60 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial’s payout ratio is 123.08%.

Analysts Set New Price Targets

COF has been the topic of a number of recent analyst reports. Barclays reaffirmed an “overweight” rating and issued a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Truist Financial raised their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, September 12th. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada raised their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. Finally, Bank of America raised their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $239.44.

Insider Transactions at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer owned 8,987 shares of the company’s stock, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares of the company’s stock, valued at $5,735,220.76. This represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,298 shares of company stock worth $4,679,844. Corporate insiders own 1.26% of the company’s stock.

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.