Capital One Financial Corporation $COF Stake Boosted by Private Trust Co. NA

Private Trust Co. NA raised its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 90.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,073 shares of the financial services provider’s stock after purchasing an additional 1,459 shares during the period. Private Trust Co. NA’s holdings in Capital One Financial were worth $654,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Angeles Wealth Management LLC acquired a new position in shares of Capital One Financial in the 2nd quarter valued at about $317,000. Applied Finance Capital Management LLC bought a new position in Capital One Financial in the second quarter worth about $2,390,000. Kraft Davis & Associates LLC acquired a new position in Capital One Financial in the second quarter valued at approximately $239,000. Nordea Investment Management AB grew its holdings in shares of Capital One Financial by 142.3% during the second quarter. Nordea Investment Management AB now owns 73,968 shares of the financial services provider’s stock valued at $15,793,000 after purchasing an additional 43,438 shares during the last quarter. Finally, Consilio Wealth Advisors LLC bought a new position in shares of Capital One Financial during the second quarter valued at approximately $258,000. 89.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on COF. JPMorgan Chase & Co. lowered their price objective on Capital One Financial from $248.00 to $235.00 and set a “neutral” rating for the company in a research note on Tuesday, October 7th. HSBC set a $218.00 price target on shares of Capital One Financial and gave the stock a “hold” rating in a research report on Friday, October 10th. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a report on Friday, August 1st. They issued a “buy” rating and a $290.00 price objective on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Capital One Financial in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group decreased their target price on shares of Capital One Financial from $276.00 to $266.00 and set a “buy” rating for the company in a research report on Friday, October 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $252.78.

Capital One Financial Stock Performance

Shares of COF opened at $211.25 on Friday. The firm has a market capitalization of $135.10 billion, a PE ratio of 108.33, a P/E/G ratio of 0.76 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $219.01 and a 200 day moving average price of $203.37. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45.

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

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is 123.08%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the sale, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider directly owned 68,707 shares of the company’s stock, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,298 shares of company stock worth $5,103,824 over the last 90 days. 1.26% of the stock is currently owned by corporate insiders.

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.