BTC Capital Management Inc. Purchases Shares of 29,759 Capital One Financial Corporation $COF

Key Points

• BTC Capital Management Inc. acquired a new position in Capital One Financial, purchasing 29,759 shares worth approximately $6.33 million in the 2nd quarter.
• Capital One Financial's latest quarterly earnings showed an EPS of $5.48, significantly exceeding analysts' expectations of $1.93, with revenue rising by 31.4% compared to the same quarter last year.
• The company declared a quarterly dividend of $0.60 per share, resulting in an annualized yield of 1.1%, with a payout ratio currently at 123.08%.

BTC Capital Management Inc. bought a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 29,759 shares of the financial services provider's stock, valued at approximately $6,332,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Capital One Financial by 18.6% in the first 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 acquiring an additional 9,374 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in Capital One Financial by 105.3% in the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock valued at $138,000 after acquiring an additional 394 shares in the last quarter. Private Advisor Group LLC boosted 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 valued at $1,776,000 after acquiring an additional 1,312 shares in the last quarter. Mutual Advisors LLC acquired a new position in Capital One Financial in the first quarter valued at $215,000. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new position in Capital One Financial in the fourth quarter valued at $91,780,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Stock Performance

NYSE COF traded down $2.84 during trading hours on Monday, hitting $225.48. 2,565,843 shares of the stock were exchanged, compared to its average volume of 4,263,394. The company has a market cap of $144.20 billion, a price-to-earnings ratio of 115.63, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The stock has a 50-day moving average of $218.68 and a 200 day moving average of $197.82. 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The company's revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.14 earnings per share. As a group, equities research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is 123.08%.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the 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 completion of the transaction, the insider directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,298 shares of company stock valued at $4,679,844. 1.26% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on COF shares. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Barclays reiterated an "overweight" rating and set a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 target price for the company. Finally, Royal Bank Of Canada increased their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of "Moderate Buy" and a consensus price target of $239.44.

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.