Rockland Trust Co. Purchases 960 Shares of Capital One Financial Co. (NYSE:COF)

Posted by Defense World Staff on Apr 3rd, 2023

Rockland Trust Co. grew its position in Capital One Financial Co. (NYSE:COF) by 35.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,648 shares of the financial services provider’s stock after acquiring an additional 960 shares during the quarter. Rockland Trust Co.’s holdings in Capital One Financial were worth $339,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Cetera Investment Advisers raised its stake in shares of Capital One Financial by 25.3% in the 1st quarter. Cetera Investment Advisers now owns 7,940 shares of the financial services provider’s stock valued at $1,042,000 after buying an additional 1,601 shares in the last quarter. Moors & Cabot Inc. boosted its holdings in Capital One Financial by 9.2% during the first quarter. Moors & Cabot Inc. now owns 3,979 shares of the financial services provider’s stock valued at $522,000 after purchasing an additional 335 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Capital One Financial by 11.4% during the first quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 303 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its holdings in Capital One Financial by 4.1% during the first quarter. Candriam Luxembourg S.C.A. now owns 43,094 shares of the financial services provider’s stock valued at $5,658,000 after purchasing an additional 1,698 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Capital One Financial by 4.2% during the first quarter. Baird Financial Group Inc. now owns 25,248 shares of the financial services provider’s stock valued at $3,315,000 after purchasing an additional 1,008 shares in the last quarter. Institutional investors own 88.30% of the company’s stock.

Capital One Financial Price Performance

Shares of COF stock opened at $96.16 on Monday. Capital One Financial Co. has a 52-week low of $86.84 and a 52-week high of $144.73. The stock has a market cap of $36.66 billion, a PE ratio of 5.40, a PEG ratio of 0.93 and a beta of 1.49. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.99 and a current ratio of 0.99. The firm’s 50 day moving average price is $106.24 and its two-hundred day moving average price is $101.01.

Capital One Financial (NYSE:COF – Get Rating) last released its earnings results on Tuesday, January 24th. The financial services provider reported $2.82 earnings per share for the quarter, missing the consensus estimate of $3.81 by ($0.99). Capital One Financial had a net margin of 19.18% and a return on equity of 13.52%. The company had revenue of $9.04 billion during the quarter, compared to analyst estimates of $9.07 billion. During the same period in the previous year, the company posted $5.41 EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, analysts forecast that Capital One Financial Co. will post 14.33 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 17th. Shareholders of record on Monday, February 6th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.50%. The ex-dividend date was Friday, February 3rd. Capital One Financial’s payout ratio is presently 13.48%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Capital One Financial from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday. JPMorgan Chase & Co. dropped their price objective on shares of Capital One Financial from $124.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, January 25th. BMO Capital Markets reduced their target price on Capital One Financial from $152.00 to $141.00 and set an “outperform” rating on the stock in a report on Wednesday, January 25th. Barclays downgraded Capital One Financial from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $160.00 to $119.00 in a report on Tuesday, January 3rd. Finally, TheStreet raised Capital One Financial from a “c+” rating to a “b-” rating in a report on Friday, January 27th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $120.84.

Capital One Financial Profile

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Capital One Financial Corp. operates as a financial holding company. The firm engages in the provision of financial products and services. It operates through the following segments: Credit Card, Consumer Banking and Commercial Banking. The Credit Card segment includes domestic consumer and small business card lending, and international card lending businesses.