Baxter Bros Inc. Invests $226,000 in Capital One Financial Corporation $COF

Baxter Bros Inc. acquired a new position in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,064 shares of the financial services provider’s stock, valued at approximately $226,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Fulton Breakefield Broenniman LLC boosted its position in Capital One Financial by 5.3% during the 2nd quarter. Fulton Breakefield Broenniman LLC now owns 2,033 shares of the financial services provider’s stock worth $433,000 after purchasing an additional 103 shares during the period. Allegiance Financial Group Advisory Services LLC purchased a new stake in Capital One Financial during the 2nd quarter worth $271,000. Trifecta Capital Advisors LLC boosted its position in Capital One Financial by 5,440.7% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 3,269 shares of the financial services provider’s stock worth $696,000 after purchasing an additional 3,210 shares during the period. Vontobel Holding Ltd. boosted its position in Capital One Financial by 576.3% during the 2nd quarter. Vontobel Holding Ltd. now owns 116,128 shares of the financial services provider’s stock worth $24,707,000 after purchasing an additional 98,956 shares during the period. Finally, Schrum Private Wealth Management LLC purchased a new stake in Capital One Financial during the 2nd quarter worth $521,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Capital One Financial

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Capital One Financial from $248.00 to $235.00 and set a “neutral” rating for the company in a research report on Tuesday. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research report on Friday, August 1st. They issued a “buy” rating and a $290.00 price objective for the company. Truist Financial upped their price objective on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, Royal Bank Of Canada upped their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average target price of $250.44.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $211.79 on Thursday. The firm has a market cap of $135.44 billion, a PE ratio of 108.61, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The firm’s 50-day simple moving average is $219.22 and its 200-day simple moving average is $201.77. 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 released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. Capital One Financial’s revenue was up 31.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.14 EPS. Equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed 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. 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 dividend payout ratio is 123.08%.

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.