Whittier Trust Co. Raises Stock Position in Capital One Financial Corporation $COF

Whittier Trust Co. grew its position in shares of Capital One Financial Corporation (NYSE:COF) by 3.5% during the fourth quarter, Holdings Channel reports. The fund owned 103,584 shares of the financial services provider’s stock after purchasing an additional 3,503 shares during the period. Whittier Trust Co.’s holdings in Capital One Financial were worth $26,719,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Strive Asset Management LLC purchased a new position in shares of Capital One Financial during the 3rd quarter worth approximately $28,000. Olistico Wealth LLC purchased a new position in shares of Capital One Financial during the 4th quarter worth approximately $30,000. WFA of San Diego LLC purchased a new position in shares of Capital One Financial during the 2nd quarter worth approximately $32,000. Crowley Wealth Management Inc. purchased a new position in shares of Capital One Financial during the 3rd quarter worth approximately $33,000. Finally, Westfuller Advisors LLC grew its holdings in shares of Capital One Financial by 661.1% during the 4th quarter. Westfuller Advisors LLC now owns 137 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 119 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. BTIG Research reduced their target price on Capital One Financial from $308.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, January 23rd. Barclays reduced their target price on Capital One Financial from $287.00 to $226.00 and set an “overweight” rating on the stock in a report on Monday, April 6th. Evercore reduced their target price on Capital One Financial from $265.00 to $222.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $300.00 price target on shares of Capital One Financial in a research note on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $261.60.

Insiders Place Their Bets

In related news, insider Neal Blinde sold 38,135 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total value of $7,265,098.85. Following the transaction, the insider directly owned 33,551 shares of the company’s stock, valued at approximately $6,391,801.01. This represents a 53.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jason P. Hanson sold 3,729 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total value of $764,445.00. Following the completion of the transaction, the insider directly owned 40,230 shares in the company, valued at $8,247,150. This trade represents a 8.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 50,047 shares of company stock valued at $9,742,217. Insiders own 0.78% of the company’s stock.

Capital One Financial Stock Performance

Capital One Financial stock opened at $200.79 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $124.88 billion, a P/E ratio of 67.84, a PEG ratio of 0.64 and a beta of 1.14. The stock’s 50 day moving average is $193.51 and its 200 day moving average is $214.50. Capital One Financial Corporation has a twelve month low of $158.42 and a twelve month high of $259.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). The company had revenue of $15.62 billion during the quarter, compared to analysts’ expectations of $15.49 billion. Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The business’s quarterly revenue was up 53.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.67 EPS. On average, equities research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were given a $0.80 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s dividend payout ratio is 108.11%.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.