Riverview Trust Co Sells 306 Shares of Capital One Financial Corporation $COF

Riverview Trust Co decreased its position in shares of Capital One Financial Corporation (NYSE:COF) by 12.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,230 shares of the financial services provider’s stock after selling 306 shares during the quarter. Capital One Financial makes up 0.6% of Riverview Trust Co’s holdings, making the stock its 27th largest holding. Riverview Trust Co’s holdings in Capital One Financial were worth $474,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC increased its position 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 buying an additional 62 shares in the last quarter. Signature Resources Capital Management LLC purchased a new stake in Capital One Financial in the second quarter valued at $28,000. WPG Advisers LLC purchased a new stake in shares of Capital One Financial in the 1st quarter valued at $25,000. Saudi Central Bank purchased a new stake in shares of Capital One Financial in the 1st quarter valued at $27,000. Finally, First United Bank & Trust purchased a new stake in Capital One Financial during the 2nd quarter worth about $32,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer owned 8,987 shares of the company’s stock, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider owned 27,364 shares in the company, valued at $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Up 0.5%

COF opened at $213.55 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $136.57 billion, a price-to-earnings ratio of 109.51, a PEG ratio of 0.81 and a beta of 1.18. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The business’s fifty day moving average is $219.22 and its two-hundred day moving average is $200.32.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period last year, the company posted $3.14 EPS. Analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial’s dividend payout ratio is 123.08%.

Analyst Ratings Changes

Several brokerages have weighed in on COF. Wells Fargo & Company upped their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Citigroup upped their target price on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Evercore ISI upped their target price on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Tuesday. Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Finally, Royal Bank Of Canada upped their price objective on Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.29.

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.