Hilltop National Bank Decreases Holdings in Capital One Financial Co. (NYSE:COF)

Hilltop National Bank lowered its stake in shares of Capital One Financial Co. (NYSE:COF) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,167 shares of the financial services provider’s stock after selling 72 shares during the period. Hilltop National Bank’s holdings in Capital One Financial were worth $921,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Y.D. More Investments Ltd purchased a new position in shares of Capital One Financial in the second quarter valued at approximately $28,000. Catalyst Capital Advisors LLC purchased a new position in Capital One Financial in the 3rd quarter valued at $36,000. Strategic Financial Concepts LLC acquired a new stake in Capital One Financial during the 2nd quarter worth $42,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Capital One Financial by 135.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after buying an additional 166 shares in the last quarter. Finally, Eastern Bank acquired a new stake in shares of Capital One Financial in the third quarter valued at about $44,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity

In related news, insider Frank G. LapradeIii sold 15,751 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the transaction, the insider now owns 44,711 shares of the company’s stock, valued at $7,153,760. This represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael Zamsky sold 10,541 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the transaction, the insider now owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This represents a 28.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,007 shares of company stock valued at $4,982,647 in the last ninety days. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on COF. Truist Financial began coverage on shares of Capital One Financial in a research note on Tuesday. They set a “buy” rating and a $229.00 price objective for the company. Citigroup initiated coverage on Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 price target for the company. Bank of America lowered Capital One Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $203.00 to $200.00 in a research note on Monday, December 9th. The Goldman Sachs Group raised their target price on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $181.12.

Capital One Financial Stock Down 1.7 %

Shares of Capital One Financial stock traded down $3.12 during trading on Friday, hitting $177.02. 1,066,559 shares of the stock were exchanged, compared to its average volume of 1,970,192. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. The firm’s 50-day moving average price is $182.66 and its 200 day moving average price is $158.31. The stock has a market cap of $67.49 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 1.36 and a beta of 1.46. Capital One Financial Co. has a 12-month low of $123.23 and a 12-month high of $198.30.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. During the same period in the previous year, the business earned $4.45 EPS. Capital One Financial’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, analysts forecast that Capital One Financial Co. will post 13.54 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s payout ratio is currently 22.66%.

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.