Trustmark Bank Trust Department Acquires 1,360 Shares of Capital One Financial Corporation $COF

Trustmark Bank Trust Department grew its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 7.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,635 shares of the financial services provider’s stock after buying an additional 1,360 shares during the period. Trustmark Bank Trust Department’s holdings in Capital One Financial were worth $4,390,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new position in Capital One Financial during the 1st quarter valued at $25,000. Moisand Fitzgerald Tamayo LLC boosted its stake in shares of Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 62 shares in the last quarter. Olistico Wealth LLC increased its position in shares of Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after buying an additional 101 shares during the period. Saudi Central Bank purchased a new position in shares of Capital One Financial during the first quarter valued at about $27,000. Finally, RMG Wealth Management LLC bought a new position in Capital One Financial in the second quarter worth about $27,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Activity

In related news, CEO Richard D. Fairbank sold 103,487 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $220.68, for a total value of $22,837,511.16. Following the transaction, the chief executive officer directly owned 4,001,228 shares of the company’s stock, valued at approximately $882,990,995.04. This represents a 2.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Frank G. LapradeIii sold 17,840 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $222.03, for a total value of $3,961,015.20. Following the sale, the insider owned 48,315 shares in the company, valued at approximately $10,727,379.45. This represents a 26.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 274,013 shares of company stock worth $61,045,903. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Trading Up 0.3%

Capital One Financial stock opened at $218.09 on Friday. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The company has a market capitalization of $138.65 billion, a price-to-earnings ratio of 92.02, a price-to-earnings-growth ratio of 0.70 and a beta of 1.19. The business’s fifty day simple moving average is $215.56 and its two-hundred day simple moving average is $212.39. 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 posted its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. The firm had revenue of $15.46 billion during the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%. As a group, equities analysts predict 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 announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.5%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, November 17th. Capital One Financial’s dividend payout ratio is presently 135.02%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on Capital One Financial from $224.00 to $240.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group upped their price target on Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Citigroup increased their price objective on Capital One Financial from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Barclays boosted their target price on shares of Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Finally, Cowen reaffirmed a “buy” rating on shares of Capital One Financial in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $261.63.

Capital One Financial Company 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.