Midwest Trust Co Increases Stock Position in Capital One Financial Corporation $COF

Midwest Trust Co increased its holdings in Capital One Financial Corporation (NYSE:COF) by 87.6% during the second quarter, HoldingsChannel.com reports. The fund owned 40,702 shares of the financial services provider’s stock after buying an additional 19,005 shares during the period. Midwest Trust Co’s holdings in Capital One Financial were worth $8,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of COF. 111 Capital raised its position in Capital One Financial by 57.6% in the 2nd quarter. 111 Capital now owns 3,080 shares of the financial services provider’s stock valued at $618,000 after purchasing an additional 1,126 shares during the last quarter. Investment Research Partners LLC grew its position in Capital One Financial by 96.0% during the 2nd quarter. Investment Research Partners LLC now owns 2,203 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 1,079 shares during the last quarter. 71 West Capital Partners grew its position in Capital One Financial by 75.3% during the 2nd quarter. 71 West Capital Partners now owns 7,436 shares of the financial services provider’s stock worth $1,492,000 after purchasing an additional 3,195 shares during the last quarter. Founders Financial Alliance LLC increased its stake in Capital One Financial by 4.4% in the second quarter. Founders Financial Alliance LLC now owns 3,499 shares of the financial services provider’s stock valued at $702,000 after purchasing an additional 146 shares during the period. Finally, Enterprise Financial Services Corp acquired a new position in Capital One Financial in the second quarter valued at $207,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the sale, the general counsel directly owned 90,194 shares of the company’s stock, valued at $18,760,352. This trade represents a 3.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the completion of the sale, the insider owned 27,992 shares in the company, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 22,186 shares of company stock worth $4,697,301. Company insiders own 0.78% of the company’s stock.

Capital One Financial Stock Up 1.5%

Shares of NYSE:COF opened at $227.19 on Friday. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm’s 50-day simple moving average is $204.93 and its 200-day simple moving average is $198.21. The company has a market cap of $139.37 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 0.84 and a beta of 1.02.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.79 by $1.02. The firm had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the prior year, the company posted $5.48 earnings per share. As a group, equities research analysts predict that Capital One Financial Corporation will post 20.19 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.4%. Capital One Financial’s payout ratio is presently 19.80%.

Analysts Set New Price Targets

A number of brokerages have recently commented on COF. Barclays reduced their target price on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Bank of America dropped their price target on Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Rothschild & Co Redburn reduced their price objective on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Truist Financial decreased their price objective on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus target price of $259.36.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.