Montecito Bank & Trust Makes New Investment in Capital One Financial Corporation $COF

Montecito Bank & Trust purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,042 shares of the financial services provider’s stock, valued at approximately $647,000.

Other large investors have also recently modified their holdings of the company. Eagle Bay Advisors LLC grew its position in Capital One Financial by 3.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider’s stock worth $299,000 after acquiring an additional 49 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. lifted 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 valued at $3,532,000 after purchasing an additional 50 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its stake 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 valued at $27,000 after purchasing an additional 50 shares during the period. Culbertson A N & Co. Inc. grew its holdings in shares of Capital One Financial by 0.4% in the second quarter. Culbertson A N & Co. Inc. now owns 11,365 shares of the financial services provider’s stock worth $2,418,000 after purchasing an additional 50 shares during the last quarter. Finally, TFB Advisors LLC grew its holdings in shares of 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. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on COF. Wolfe Research assumed coverage on shares of Capital One Financial in a research report on Monday, December 8th. They set an “outperform” rating and a $270.00 price target for the company. Citigroup upped their price objective on shares of Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $235.00 to $237.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Robert W. Baird raised their target price on Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Jefferies Financial Group boosted their price target on Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.25.

Insider Activity

In related news, insider Neal Blinde sold 43,200 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the completion of the sale, the insider owned 73,020 shares of the company’s stock, valued at $16,198,026.60. This trade represents a 37.17% 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 Celia Karam sold 2,936 shares of Capital One Financial stock in a transaction on Monday, December 1st. The stock was sold at an average price of $218.15, for a total value of $640,488.40. Following the completion of the sale, the insider directly owned 63,433 shares of the company’s stock, valued at approximately $13,837,908.95. The trade was a 4.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 280,218 shares of company stock valued at $62,395,804. Company insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $242.67 on Friday. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $244.82. The firm has a market capitalization of $154.27 billion, a P/E ratio of 102.39, a P/E/G ratio of 0.55 and a beta of 1.16. The business has a fifty day simple moving average of $220.07 and a two-hundred day simple moving average of $216.32. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.46 billion for the quarter. On average, equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio (DPR) is presently 135.02%.

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.