UMB Bank n.a. Boosts Stake in Capital One Financial Corporation $COF

Key Points

• UMB Bank n.a. significantly increased its holdings in Capital One Financial by 246.9%, acquiring an additional 8,806 shares during the second quarter, bringing its total to 12,373 shares valued at approximately $2.63 million.
• Insider Michael Zamsky sold 5,515 shares of Capital One stock for roughly $1.16 million, marking a 16.77% decrease in his position, while corporate insiders collectively sold 21,298 shares valued at about $4.68 million in the last 90 days.
• Capital One Financial announced a quarterly dividend of $0.60 per share, with a payout ratio of 123.08%, as stock analysts set new price targets ranging from $239.44 to $290.00.

UMB Bank n.a. lifted its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 246.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,373 shares of the financial services provider's stock after purchasing an additional 8,806 shares during the quarter. UMB Bank n.a.'s holdings in Capital One Financial were worth $2,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Eagle Bay Advisors LLC lifted its stake in Capital One Financial by 3.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider's stock worth $299,000 after acquiring an additional 49 shares in the last quarter. TFB Advisors LLC lifted its stake in Capital One Financial by 3.4% during the 1st quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock worth $276,000 after acquiring an additional 51 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Capital One Financial by 0.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider's stock worth $1,097,000 after acquiring an additional 53 shares in the last quarter. Opal Wealth Advisors LLC lifted its stake in Capital One Financial by 3.1% during the 1st quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock worth $386,000 after acquiring an additional 64 shares in the last quarter. Finally, MAI Capital Management raised its position in Capital One Financial by 0.7% in the 1st quarter. MAI Capital Management now owns 8,622 shares of the financial services provider's stock valued at $1,546,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Insiders Place Their Bets

In related news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction on Monday, August 4th. The stock was 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. The trade was a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction 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 transaction, the chief accounting officer directly owned 8,780 shares of the company's stock, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,298 shares of company stock valued at $4,679,844 over the last 90 days. 1.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on COF shares. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and increased their price target for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Royal Bank Of Canada increased their price target on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Barclays reaffirmed an "overweight" rating and issued a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Finally, Wall Street Zen lowered Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and an average target price of $239.44.

Capital One Financial Stock Performance

Shares of COF traded down $2.84 during mid-day trading on Monday, reaching $225.48. 2,565,843 shares of the company's stock were exchanged, compared to its average volume of 4,263,394. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $144.20 billion, a PE ratio of 115.63, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17. The business's fifty day simple moving average is $218.68 and its 200-day simple moving average is $197.82.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. During the same period in the previous year, the company posted $3.14 earnings per share. Capital One Financial's quarterly revenue was up 31.4% on a year-over-year basis. On average, equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

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

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.