CNB Bank Has $167,000 Stock Position in Capital One Financial Corporation $COF

CNB Bank lifted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 108.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 784 shares of the financial services provider’s stock after purchasing an additional 407 shares during the period. CNB Bank’s holdings in Capital One Financial were worth $167,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also 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 acquiring an additional 117,427,549 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of 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 period. Bank of New York Mellon Corp lifted its stake in Capital One Financial by 23.7% in the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock valued at $889,519,000 after purchasing an additional 950,415 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Capital One Financial by 18.2% during the first 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 increased its position in Capital One Financial by 45.1% during the first 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 buying an additional 1,454,595 shares during the last quarter. 89.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on COF. Keefe, Bruyette & Woods raised their price objective on Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. TD Cowen raised their price target on Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a report on Monday, October 6th. UBS Group decreased their price objective on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. BTIG Research restated a “buy” rating and set a $264.00 target price on shares of Capital One Financial in a research note on Wednesday. Finally, Morgan Stanley upped their price target on shares of Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.79.

Capital One Financial Trading Up 2.2%

COF stock opened at $224.93 on Friday. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The company has a market capitalization of $143.85 billion, a PE ratio of 94.91, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The company’s 50-day simple moving average is $219.38 and its 200 day simple moving average is $205.63. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.03.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $1.70. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The firm had revenue of $15.36 billion during the quarter, compared to the consensus estimate of $15.06 billion. During the same quarter in the previous year, the firm posted $4.51 EPS. The business’s revenue for the quarter was up 53.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s payout ratio is 101.27%.

Insider Buying and Selling

In other news, CAO Timothy P. Golden sold 207 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the sale, the chief accounting officer directly owned 8,780 shares of the company’s stock, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the general counsel directly owned 98,486 shares of the company’s stock, valued at approximately $20,878,047.14. This trade represents a 1.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,184 shares of company stock valued at $2,799,248 over the last 90 days. 1.26% of the stock is 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.