Newport Trust Company LLC Lowers Position in Capital One Financial Corporation $COF

Newport Trust Company LLC lowered its holdings in Capital One Financial Corporation (NYSE:COF) by 0.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,567,721 shares of the financial services provider’s stock after selling 9,628 shares during the quarter. Capital One Financial accounts for approximately 1.2% of Newport Trust Company LLC’s investment portfolio, making the stock its 17th largest holding. Newport Trust Company LLC’s holdings in Capital One Financial were worth $460,392,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after buying an additional 10,428 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Capital One Financial by 7.0% during the 4th quarter. MML Investors Services LLC now owns 34,907 shares of the financial services provider’s stock valued at $6,225,000 after buying an additional 2,279 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Capital One Financial by 63.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,242,912 shares of the financial services provider’s stock valued at $221,637,000 after buying an additional 480,269 shares in the last quarter. MGO One Seven LLC raised its holdings in shares of Capital One Financial by 87.1% during the 4th quarter. MGO One Seven LLC now owns 4,736 shares of the financial services provider’s stock valued at $845,000 after buying an additional 2,205 shares in the last quarter. Finally, Coppell Advisory Solutions LLC raised its holdings in shares of Capital One Financial by 246.2% during the 4th quarter. Coppell Advisory Solutions LLC now owns 315 shares of the financial services provider’s stock valued at $56,000 after buying an additional 224 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 1.3%

Shares of NYSE:COF opened at $211.9620 on Friday. The stock has a fifty day simple moving average of $212.35 and a two-hundred day simple moving average of $194.02. The stock has a market capitalization of $135.55 billion, a price-to-earnings ratio of 108.70, a PEG ratio of 0.83 and a beta of 1.16. Capital One Financial Corporation has a 12-month low of $131.55 and a 12-month high of $232.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the previous year, the firm earned $3.14 EPS. The business’s revenue was up 31.4% on a year-over-year basis. On average, research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, August 15th. Capital One Financial’s payout ratio is currently 123.08%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on COF shares. Rothschild & Co Redburn started coverage on Capital One Financial in a research report on Friday, August 1st. They set a “buy” rating and a $290.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $245.00 to $248.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Citigroup lifted their price objective on Capital One Financial from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, Royal Bank Of Canada lifted their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $238.81.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the transaction, the chief accounting officer directly owned 8,780 shares in the company, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,298 shares of company stock worth $4,233,044 over the last ninety days. Company insiders own 1.26% of the company’s stock.

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.