Capital One Financial Corporation $COF Stock Bought by Breakwater Capital Group

Breakwater Capital Group raised its position in shares of Capital One Financial Corporation (NYSE:COF) by 373.4% in the third quarter, Holdings Channel.com reports. The fund owned 9,341 shares of the financial services provider’s stock after acquiring an additional 7,368 shares during the quarter. Breakwater Capital Group’s holdings in Capital One Financial were worth $1,803,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Solstein Capital LLC acquired a new position in Capital One Financial in the 2nd quarter valued at $26,000. Purpose Unlimited Inc. purchased a new stake in shares of Capital One Financial during the fourth quarter worth $33,000. Ballast Advisors LLC purchased a new stake in shares of Capital One Financial during the first quarter worth $27,000. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Capital One Financial in the second quarter valued at about $31,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Capital One Financial in the first quarter valued at about $29,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Bank of America dropped their price objective on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Barclays lowered their target price on Capital One Financial from $240.00 to $237.00 and set an “overweight” rating on the stock in a report on Monday. Citigroup dropped their price target on Capital One Financial from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, September 29th. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $226.00 to $229.00 in a research report on Sunday, July 12th. Finally, Weiss Ratings cut Capital One Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Twenty analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $257.77.

Insider Activity

In related news, General Counsel Matthew Cooper sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $214.10, for a total transaction of $749,350.00. Following the completion of the transaction, the general counsel directly owned 83,194 shares in the company, valued at $17,811,835.40. This trade represents a 4.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the sale, the insider directly owned 26,328 shares in the company, valued at $5,523,087.84. This represents a 26.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 33,850 shares of company stock worth $7,167,152 in the last quarter. Insiders own 0.78% of the company’s stock.

Capital One Financial Stock Up 1.7%

Shares of NYSE:COF opened at $199.32 on Friday. The company has a market capitalization of $122.28 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 0.72 and a beta of 1.04. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The business has a 50-day moving average price of $210.37 and a 200 day moving average price of $199.66. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The company had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter in the prior year, the company posted $5.48 earnings per share. Capital One Financial’s revenue for the quarter was up 26.9% compared to the same quarter last year. Sell-side analysts expect that Capital One Financial Corporation will post 20.33 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, August 17th. Capital One Financial’s payout ratio is currently 19.80%.

About Capital One Financial

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.