Whittier Trust Co. Boosts Stake in Capital One Financial Corporation $COF

Whittier Trust Co. raised its position in Capital One Financial Corporation (NYSE:COF) by 17.7% during the second quarter, HoldingsChannel.com reports. The firm owned 96,110 shares of the financial services provider’s stock after purchasing an additional 14,425 shares during the period. Whittier Trust Co.’s holdings in Capital One Financial were worth $20,448,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC raised its position in Capital One Financial by 3.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 49 shares during the period. Cantor Fitzgerald Investment Advisors L.P. increased its position in shares of Capital One Financial by 0.3% during the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider’s stock worth $3,532,000 after acquiring an additional 50 shares during the period. Atlantic Edge Private Wealth Management LLC increased its position in shares of Capital One Financial by 66.7% during the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 50 shares during the period. TFB Advisors LLC increased its position in shares of Capital One Financial by 3.4% during the first quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 51 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Capital One Financial by 0.9% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider’s stock worth $1,097,000 after acquiring an additional 53 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on COF shares. Truist Financial raised their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Evercore ISI raised their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Wells Fargo & Company raised their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. reduced their target price on shares of Capital One Financial from $248.00 to $235.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 7th. Finally, HSBC set a $218.00 target price on shares of Capital One Financial and gave the stock a “hold” rating in a research report on Friday, October 10th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and a consensus price target of $252.78.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the completion of the sale, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the sale, the insider owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,298 shares of company stock valued at $5,103,824 in the last ninety days. Company insiders own 1.26% of the company’s stock.

Capital One Financial Price Performance

NYSE COF opened at $214.98 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The firm’s 50 day moving average price is $219.15 and its 200-day moving average price is $204.10. 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 cap of $137.48 billion, a PE ratio of 110.25, a P/E/G ratio of 0.76 and a beta of 1.18.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter in the prior year, the business posted $3.14 earnings per share. Capital One Financial’s revenue for the quarter was up 31.4% on a year-over-year basis. Sell-side analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

About Capital One Financial

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.