Diversified Trust Co Increases Position in Capital One Financial Co. (NYSE:COF)

Diversified Trust Co lifted its position in Capital One Financial Co. (NYSE:COF) by 11.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,762 shares of the financial services provider’s stock after purchasing an additional 1,777 shares during the period. Diversified Trust Co’s holdings in Capital One Financial were worth $2,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of COF. Capital Research Global Investors increased its stake in shares of Capital One Financial by 72.8% in the first quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock worth $3,145,761,000 after purchasing an additional 8,900,241 shares in the last quarter. Norges Bank purchased a new position in Capital One Financial during the fourth quarter valued at $409,831,000. Clearbridge Investments LLC grew its stake in Capital One Financial by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock valued at $517,184,000 after acquiring an additional 549,665 shares in the last quarter. National Bank of Canada FI grew its stake in Capital One Financial by 443.1% during the fourth quarter. National Bank of Canada FI now owns 553,744 shares of the financial services provider’s stock valued at $73,150,000 after acquiring an additional 451,789 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its stake in Capital One Financial by 5,968.2% during the fourth quarter. Panagora Asset Management Inc. now owns 418,404 shares of the financial services provider’s stock valued at $54,861,000 after acquiring an additional 411,509 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Capital One Financial

In other news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the transaction, the chief executive officer now 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 SEC, which can be accessed through this link. In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the business’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 sale, the chief executive officer now directly owns 40,934 shares in the company, valued at approximately $5,438,491.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the transaction, the insider now 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 0.4 %

Shares of NYSE:COF traded up $0.59 during trading hours on Wednesday, hitting $134.59. The company’s stock had a trading volume of 59,086 shares, compared to its average volume of 2,520,350. Capital One Financial Co. has a 52 week low of $88.23 and a 52 week high of $153.35. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $51.17 billion, a price-to-earnings ratio of 10.49, a P/E/G ratio of 1.13 and a beta of 1.45. The firm’s fifty day moving average price is $139.64 and its 200 day moving average price is $139.68.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The business had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the firm posted $3.52 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts expect that Capital One Financial Co. will post 13.17 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders 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 is Monday, August 12th. Capital One Financial’s payout ratio is currently 18.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $145.00 to $165.00 in a research note on Thursday, June 6th. BTIG Research started coverage on shares of Capital One Financial in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 target price on shares of Capital One Financial in a report on Thursday, July 25th. Bank of America raised their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $145.89.

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.