Bangor Savings Bank Increases Stock Position in Capital One Financial Co. (NYSE:COF)

Bangor Savings Bank lifted its holdings in shares of Capital One Financial Co. (NYSE:COF) by 20.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448 shares of the financial services provider’s stock after purchasing an additional 77 shares during the period. Bangor Savings Bank’s holdings in Capital One Financial were worth $67,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Connectus Wealth LLC raised its holdings in shares of Capital One Financial by 4.8% in the fourth quarter. Connectus Wealth LLC now owns 3,596 shares of the financial services provider’s stock worth $472,000 after acquiring an additional 164 shares during the last quarter. State of Tennessee Treasury Department lifted its holdings in Capital One Financial by 67.4% in the 4th quarter. State of Tennessee Treasury Department now owns 98,465 shares of the financial services provider’s stock valued at $12,911,000 after purchasing an additional 39,662 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new stake in shares of Capital One Financial during the 4th quarter worth about $2,075,000. Cresset Asset Management LLC grew its holdings in shares of Capital One Financial by 5.4% during the fourth quarter. Cresset Asset Management LLC now owns 105,829 shares of the financial services provider’s stock worth $13,876,000 after buying an additional 5,388 shares in the last quarter. Finally, Putnam Investments LLC raised its position in shares of Capital One Financial by 4.0% in the fourth quarter. Putnam Investments LLC now owns 2,647,696 shares of the financial services provider’s stock valued at $347,166,000 after buying an additional 101,613 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COF has been the subject of several recent analyst reports. Barclays lifted their target price on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research report on Monday. Bank of America increased their target price on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Evercore ISI lowered their price target on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating for the company in a report on Monday. Finally, Citigroup assumed coverage on shares of Capital One Financial in a report on Friday, September 20th. They set a “buy” rating and a $190.00 price objective on the stock. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Capital One Financial has a consensus rating of “Hold” and a consensus target price of $148.00.

Capital One Financial Stock Down 1.7 %

Shares of NYSE COF opened at $149.47 on Wednesday. The stock has a fifty day moving average price of $142.80 and a 200 day moving average price of $141.70. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. Capital One Financial Co. has a 12-month low of $88.23 and a 12-month high of $154.18. The company has a market cap of $56.83 billion, a P/E ratio of 11.70, a P/E/G ratio of 1.21 and a beta of 1.44.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The company had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. Capital One Financial’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.52 EPS. Research analysts anticipate that Capital One Financial Co. will post 12.91 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.61%. Capital One Financial’s payout ratio is currently 18.79%.

Insider Activity

In related news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the sale, the chief executive officer now owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the sale, the insider now owns 73,734 shares in the company, valued at $11,060,100. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the transaction, the chief executive officer now directly owns 40,934 shares in the company, valued at approximately $5,438,491.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.