First National Trust Co Boosts Stake in Capital One Financial Corporation $COF

First National Trust Co grew its stake in shares of Capital One Financial Corporation (NYSE:COF) by 300.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,304 shares of the financial services provider’s stock after buying an additional 9,982 shares during the quarter. First National Trust Co’s holdings in Capital One Financial were worth $2,831,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Capital One Financial by 18.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider’s stock valued at $10,010,000 after purchasing an additional 9,374 shares during the last quarter. Plancorp LLC bought a new position in shares of Capital One Financial during the 2nd quarter valued at $272,000. Private Advisor Group LLC grew its holdings in shares of Capital One Financial by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock valued at $1,776,000 after purchasing an additional 1,312 shares during the last quarter. Mutual Advisors LLC bought a new position in shares of Capital One Financial during the 1st quarter valued at $215,000. Finally, Callodine Capital Management LP grew its holdings in shares of Capital One Financial by 200.0% during the 1st quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock valued at $26,895,000 after purchasing an additional 100,000 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 1.1%

COF opened at $221.01 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average price of $219.66 and a 200-day moving average price of $206.58. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The stock has a market capitalization of $141.34 billion, a price-to-earnings ratio of 93.25, a PEG ratio of 0.75 and a beta of 1.18.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $1.70. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.36 billion during the quarter, compared to the consensus estimate of $15.06 billion. During the same quarter in the previous year, the firm posted $4.51 EPS. The firm’s revenue was up 53.4% on a year-over-year basis. Equities research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Insiders Place Their Bets

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the sale, the general counsel owned 98,486 shares of the company’s stock, valued at approximately $20,878,047.14. The trade was a 1.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares of the company’s stock, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 13,184 shares of company stock valued at $2,799,248. Company insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

COF has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Capital One Financial from $257.00 to $271.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Truist Financial raised their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Robert W. Baird raised their target price on shares of Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Keefe, Bruyette & Woods raised their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $264.00 target price on shares of Capital One Financial in a research report on Wednesday, October 22nd. Four research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $261.63.

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.