Berger Financial Group Inc Takes $322,000 Position in Capital One Financial Corporation $COF

Berger Financial Group Inc bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,514 shares of the financial services provider’s stock, valued at approximately $322,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. WPG Advisers LLC purchased a new position in Capital One Financial during the first quarter valued at $25,000. Moisand Fitzgerald Tamayo LLC lifted its stake in Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after buying an additional 62 shares in the last quarter. Saudi Central Bank acquired a new stake in Capital One Financial in the 1st quarter worth about $27,000. Signature Resources Capital Management LLC purchased a new stake in Capital One Financial during the 2nd quarter worth approximately $28,000. Finally, Beacon Capital Management LLC raised its holdings in shares of Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on COF. Deutsche Bank Aktiengesellschaft boosted their price target on Capital One Financial from $215.00 to $224.00 and gave the stock a “hold” rating in a research report on Thursday, October 2nd. Truist Financial raised their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Rothschild & Co Redburn initiated coverage on shares of Capital One Financial in a research report on Friday, August 1st. They set a “buy” rating and a $290.00 price target on the stock. Morgan Stanley raised their target price on shares of Capital One Financial from $261.00 to $267.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Finally, Keefe, Bruyette & Woods increased their price target on Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $249.44.

Capital One Financial Trading Down 0.3%

Shares of Capital One Financial stock opened at $213.78 on Tuesday. The stock has a 50 day moving average of $219.29 and a 200 day moving average of $201.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $136.72 billion, a price-to-earnings ratio of 109.63, a PEG ratio of 0.79 and a beta of 1.18. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period last year, the company earned $3.14 EPS. As a group, research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

Insider Activity at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the completion of the sale, the general counsel owned 98,486 shares of the company’s stock, valued at $20,878,047.14. This trade represents a 1.99% decrease in their position. 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 over the last 90 days. 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.