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

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

Several other hedge funds have also modified their holdings of COF. Silicon Valley Capital Partners purchased a new stake in Capital One Financial during the 1st quarter worth about $25,000. LRI Investments LLC purchased a new stake in shares of Capital One Financial during the first quarter worth approximately $25,000. Y.D. More Investments Ltd acquired a new stake in Capital One Financial in the second quarter valued at approximately $28,000. Hobbs Group Advisors LLC purchased a new position in Capital One Financial in the second quarter worth approximately $29,000. Finally, Bartlett & CO. Wealth Management LLC grew its holdings in Capital One Financial by 726.7% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 218 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Down 1.7 %

Shares of Capital One Financial stock opened at $149.47 on Wednesday. Capital One Financial Co. has a one year low of $88.23 and a one year high of $154.18. The company has a market cap of $56.83 billion, a P/E ratio of 11.70, a PEG ratio of 1.21 and a beta of 1.44. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a fifty day moving average of $142.80 and a two-hundred day moving average of $141.70.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The firm had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same period in the prior year, the company earned $3.52 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts forecast that Capital One Financial Co. will post 12.91 earnings per share for the current year.

Capital One Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on COF shares. Bank of America lifted their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Citigroup initiated coverage on Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 price objective for the company. JPMorgan Chase & Co. raised their target price on Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research report on Monday. 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, Barclays raised their price objective on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Hold” and a consensus price target of $148.00.

Insiders Place Their Bets

In other news, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the transaction, the insider now directly owns 73,734 shares of the company’s stock, valued at $11,060,100. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the transaction, the insider now directly owns 73,734 shares of the company’s stock, valued at $11,060,100. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

About Capital One Financial

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.