Country Trust Bank Acquires Shares of 500 Capital One Financial Co. (NYSE:COF)

Country Trust Bank acquired a new stake in Capital One Financial Co. (NYSE:COF) in the second quarter, Holdings Channel reports. The institutional investor acquired 500 shares of the financial services provider’s stock, valued at approximately $69,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Security Advisor Inc. grew its position in shares of Capital One Financial by 2.4% in the first quarter. Financial Security Advisor Inc. now owns 3,255 shares of the financial services provider’s stock valued at $485,000 after purchasing an additional 75 shares during the period. Valley National Advisers Inc. grew its position in shares of Capital One Financial by 0.5% in the first quarter. Valley National Advisers Inc. now owns 16,366 shares of the financial services provider’s stock valued at $2,435,000 after purchasing an additional 75 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Capital One Financial by 11.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 75 shares during the period. Smith Chas P & Associates PA Cpas grew its position in shares of Capital One Financial by 2.8% in the first quarter. Smith Chas P & Associates PA Cpas now owns 2,829 shares of the financial services provider’s stock valued at $421,000 after purchasing an additional 76 shares during the period. Finally, Marcum Wealth LLC grew its position in shares of Capital One Financial by 3.6% in the second quarter. Marcum Wealth LLC now owns 2,295 shares of the financial services provider’s stock valued at $318,000 after purchasing an additional 79 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In related news, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the transaction, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the transaction, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Capital One Financial Stock Up 0.3 %

Shares of NYSE:COF traded up $0.44 during trading hours on Friday, reaching $134.81. The stock had a trading volume of 1,325,962 shares, compared to its average volume of 2,546,694. Capital One Financial Co. has a 1 year low of $88.23 and a 1 year high of $153.35. The firm’s 50 day moving average is $139.74 and its 200-day moving average is $139.65. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $51.25 billion, a price-to-earnings ratio of 10.56, a P/E/G ratio of 1.13 and a beta of 1.45.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The firm had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.52 earnings per share. Research analysts predict that Capital One Financial Co. will post 13.17 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 12th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Monday, August 12th. Capital One Financial’s dividend payout ratio (DPR) is 18.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $145.00 to $165.00 in a research report on Thursday, June 6th. JPMorgan Chase & Co. boosted their price target on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 8th. BTIG Research assumed coverage on shares of Capital One Financial in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Evercore ISI decreased their target price on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. Finally, Bank of America boosted their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Capital One Financial presently has a consensus rating of “Hold” and an average price target of $145.89.

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.