First Interstate Bank Acquires New Shares in Capital One Financial Corporation $COF

First Interstate Bank acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,472 shares of the financial services provider’s stock, valued at approximately $526,000.

Several other institutional investors also recently modified their holdings of the business. Eagle Bay Advisors LLC boosted its position in shares of Capital One Financial by 3.6% during the second quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider’s stock valued at $299,000 after buying an additional 49 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. boosted its position in Capital One Financial by 0.3% in 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 purchasing an additional 50 shares during the last quarter. TFB Advisors LLC boosted its position in Capital One Financial by 3.4% in the first quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 51 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in Capital One Financial by 0.9% in 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 purchasing an additional 53 shares during the last quarter. Finally, tru Independence LLC boosted its position in Capital One Financial by 1.7% in the second quarter. tru Independence LLC now owns 3,202 shares of the financial services provider’s stock worth $681,000 after purchasing an additional 55 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on COF shares. Rothschild & Co Redburn started coverage on Capital One Financial in a research report on Friday, August 1st. They issued a “buy” rating and a $290.00 target price on the stock. The Goldman Sachs Group lowered their price objective on Capital One Financial from $276.00 to $266.00 and set a “buy” rating on the stock in a research report on Friday, October 3rd. UBS Group dropped their price target on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. JPMorgan Chase & Co. dropped their price target on shares of Capital One Financial from $248.00 to $235.00 and set a “neutral” rating for the company in a research report on Tuesday, October 7th. Finally, TD Cowen upped their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $252.78.

Capital One Financial Stock Performance

NYSE:COF opened at $211.25 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The stock’s 50 day simple moving average is $219.01 and its two-hundred day simple moving average is $203.65. The company has a market cap of $135.10 billion, a price-to-earnings ratio of 108.33, a PEG 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, topping analysts’ consensus estimates 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% compared to the same quarter last year. As a group, equities 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 business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial’s payout ratio is currently 123.08%.

Insider Buying and Selling

In other news, CAO Timothy P. Golden sold 3,462 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares of the company’s stock, valued at approximately $1,889,786.36. The trade was a 27.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the business’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 value of $1,155,888.85. Following the transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is owned by company insiders.

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.