Rockland Trust Co. Takes Position in Capital One Financial Co. (NYSE:COF)

Rockland Trust Co. purchased a new position in shares of Capital One Financial Co. (NYSE:COF - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,172 shares of the financial services provider's stock, valued at approximately $387,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of COF. FMR LLC increased its stake in shares of Capital One Financial by 21.4% during the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider's stock worth $994,350,000 after buying an additional 1,169,395 shares during the period. Eminence Capital LP purchased a new stake in shares of Capital One Financial during the second quarter worth approximately $127,465,000. International Assets Investment Management LLC acquired a new position in Capital One Financial in the fourth quarter valued at approximately $130,683,000. Wellington Management Group LLP boosted its holdings in Capital One Financial by 268.7% in the third quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider's stock valued at $146,052,000 after purchasing an additional 710,881 shares in the last quarter. Finally, Southpoint Capital Advisors LP acquired a new position in Capital One Financial in the third quarter valued at approximately $104,811,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on COF. HSBC raised Capital One Financial from a "reduce" rating to a "hold" rating and set a $176.00 price target for the company in a report on Tuesday. Royal Bank of Canada upped their price target on Capital One Financial from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Friday, October 25th. The Goldman Sachs Group upped their price target on Capital One Financial from $182.00 to $205.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Truist Financial began coverage on Capital One Financial in a report on Tuesday, January 7th. They issued a "buy" rating and a $229.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on Capital One Financial from $162.00 to $186.00 and gave the company a "neutral" rating in a report on Monday, December 9th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $188.06.

Insider Buying and Selling

In other news, insider Kara West sold 721 shares of Capital One Financial stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the transaction, the insider now directly owns 12,929 shares of the company's stock, valued at $2,388,374.17. The trade was a 5.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the transaction, the insider now directly owns 26,482 shares in the company, valued at $5,038,465.32. This represents a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,256 shares of company stock worth $2,462,487. 1.30% of the stock is owned by corporate insiders.

Capital One Financial Price Performance

NYSE:COF traded down $2.16 during trading hours on Thursday, hitting $188.52. The company's stock had a trading volume of 2,801,985 shares, compared to its average volume of 3,029,784. The business's 50-day moving average is $183.63 and its two-hundred day moving average is $159.76. The company has a market capitalization of $71.87 billion, a PE ratio of 17.80, a PEG ratio of 1.12 and a beta of 1.46. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. Capital One Financial Co. has a 52-week low of $123.23 and a 52-week high of $198.30.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating analysts' consensus estimates of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business had revenue of $10 billion during the quarter, compared to analysts' expectations of $9.88 billion. During the same quarter last year, the business posted $4.45 earnings per share. The business's revenue for the quarter was up 6.8% on a year-over-year basis. As a group, research analysts anticipate that Capital One Financial Co. will post 13.41 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Thursday, November 14th. Capital One Financial's dividend payout ratio is presently 22.66%.

Capital One Financial Company 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.