Midwest Trust Co Makes New $433,000 Investment in Capital One Financial Corporation $COF

Midwest Trust Co bought a new position in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,034 shares of the financial services provider’s stock, valued at approximately $433,000.

Other large investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC lifted its stake in Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after buying an additional 117,427,549 shares during the last quarter. Vanguard Group Inc. raised its position in Capital One Financial by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider’s stock valued at $5,782,590,000 after purchasing an additional 506,105 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Capital One Financial by 41.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock worth $1,491,676,000 after purchasing an additional 2,050,010 shares during the period. Goldman Sachs Group Inc. boosted its stake in Capital One Financial by 18.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock worth $854,647,000 after purchasing an additional 734,939 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Capital One Financial by 45.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider’s stock worth $838,609,000 after purchasing an additional 1,454,595 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Capital One Financial

In other news, insider Neal Blinde sold 43,200 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the transaction, the insider directly owned 73,020 shares of the company’s stock, valued at $16,198,026.60. This represents a 37.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $219.41, for a total transaction of $438,820.00. Following the completion of the transaction, the general counsel owned 96,486 shares of the company’s stock, valued at $21,169,993.26. This represents a 2.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 256,380 shares of company stock valued at $57,129,478 over the last 90 days. Company insiders own 1.26% of the company’s stock.

Capital One Financial Price Performance

Shares of COF opened at $222.34 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average is $219.11 and its two-hundred day moving average is $210.54. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The firm has a market capitalization of $141.35 billion, a PE ratio of 93.81, a P/E/G ratio of 0.70 and a beta of 1.19.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The business had revenue of $15.46 billion during the quarter. Research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.4%. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, November 17th. Capital One Financial’s dividend payout ratio is 135.02%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on COF. Redburn Atlantic raised shares of Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. Zacks Research upgraded Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Evercore ISI increased their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Robert W. Baird boosted their target price on Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Finally, Rothschild & Co Redburn began coverage on Capital One Financial in a research note on Friday, August 1st. They set a “buy” rating and a $290.00 price target for the company. Four analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and an average target price of $261.63.

Capital One Financial 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.