Blue Trust Inc. Boosts Holdings in Capital One Financial Corporation $COF

Blue Trust Inc. lifted its stake in Capital One Financial Corporation (NYSE:COF) by 27.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,824 shares of the financial services provider’s stock after purchasing an additional 1,049 shares during the quarter. Blue Trust Inc.’s holdings in Capital One Financial were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Capital One Financial by 18.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider’s stock worth $10,010,000 after purchasing an additional 9,374 shares during the last quarter. Plancorp LLC bought a new stake in Capital One Financial in the 2nd quarter worth about $272,000. Creative Financial Designs Inc. ADV increased its holdings in Capital One Financial by 105.3% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider’s stock worth $138,000 after buying an additional 394 shares in the last quarter. Private Advisor Group LLC increased its holdings in Capital One Financial by 15.3% in the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock worth $1,776,000 after buying an additional 1,312 shares in the last quarter. Finally, Mutual Advisors LLC bought a new stake in Capital One Financial in the 1st quarter worth about $215,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In other news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares of the company’s stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock valued at $5,103,824 in the last 90 days. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Trading Down 4.0%

Capital One Financial stock opened at $202.37 on Friday. The business has a 50-day simple moving average of $219.02 and a two-hundred day simple moving average of $202.27. The company has a market cap of $129.42 billion, a P/E ratio of 103.78, a P/E/G ratio of 0.74 and a beta of 1.18. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF) last released its quarterly earnings results 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 firm 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 firm earned $3.14 earnings per share. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. Analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed 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. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s payout ratio is presently 123.08%.

Analyst Ratings Changes

Several equities research analysts recently commented on COF shares. 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 report on Wednesday, July 23rd. Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Wells Fargo & Company lifted their price objective on Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Robert W. Baird lifted their price objective on Capital One Financial from $240.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. Finally, Barclays lifted their price objective on Capital One Financial from $253.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $252.78.

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.