Trust Investment Advisors Invests $2.31 Million in Capital One Financial Corporation $COF

Trust Investment Advisors acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,875 shares of the financial services provider’s stock, valued at approximately $2,314,000. Capital One Financial makes up about 1.4% of Trust Investment Advisors’ holdings, making the stock its 13th largest holding.

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

Capital One Financial Stock Performance

NYSE:COF opened at $223.59 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. 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 cap of $142.99 billion, a P/E ratio of 94.34, a price-to-earnings-growth ratio of 0.75 and a beta of 1.18. The firm’s fifty day simple moving average is $219.53 and its 200 day simple moving average is $206.17.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share for the quarter, beating 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 firm had revenue of $15.36 billion for the quarter, compared to analyst estimates of $15.06 billion. During the same quarter in the previous year, the firm posted $4.51 EPS. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. As a group, research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Redburn Atlantic raised Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Robert W. Baird raised their price target on Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Morgan Stanley lifted their price target on Capital One Financial from $267.00 to $272.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. increased their price objective on Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Finally, Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average target price of $261.63.

Insider Buying and Selling at Capital One Financial

In other news, CAO Timothy P. Golden sold 207 shares of the firm’s 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 owned 8,780 shares in the company, valued at $1,891,299.80. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial 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 sale, the insider owned 27,364 shares in the company, valued at $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,184 shares of company stock valued at $2,799,248. 1.26% of the stock is currently owned by corporate insiders.

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.