Appleton Partners Inc. MA Buys New Shares in Capital One Financial Corporation $COF

Appleton Partners Inc. MA bought a new stake in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,212 shares of the financial services provider’s stock, valued at approximately $3,662,000.

Several other large investors also recently made changes to their positions in COF. WPG Advisers LLC purchased a new position in shares of Capital One Financial in the first quarter valued at $25,000. Moisand Fitzgerald Tamayo LLC boosted its stake in shares of Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 62 shares during the period. Olistico Wealth LLC boosted its stake in shares of Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 101 shares during the period. Saudi Central Bank purchased a new position in shares of Capital One Financial in the first quarter valued at $27,000. Finally, Signature Resources Capital Management LLC purchased a new position in shares of Capital One Financial in the second quarter valued at $28,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity

In related news, insider Robert M. Alexander sold 10,114 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider owned 68,707 shares of the company’s stock, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the transaction, the general counsel directly owned 98,486 shares in the company, 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. In the last ninety days, insiders sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is owned by company insiders.

Capital One Financial Stock Performance

Shares of COF opened at $214.39 on Monday. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The company has a 50-day moving average of $219.30 and a two-hundred day moving average of $201.35. The stock has a market cap of $137.10 billion, a price-to-earnings ratio of 109.94, a PEG ratio of 0.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. The business’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.14 earnings per share. On average, equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $0.60 dividend. The ex-dividend date of this dividend 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%.

Analyst Ratings Changes

Several brokerages have recently weighed in on COF. Evercore ISI upped their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Keefe, Bruyette & Woods upped their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Citigroup increased their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Morgan Stanley increased their price objective on shares of Capital One Financial from $261.00 to $267.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Finally, TD Cowen raised shares of Capital One Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Three equities research 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 company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $249.06.

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.