Chevy Chase Trust Holdings LLC Boosts Stock Holdings in Capital One Financial Corporation $COF

Key Points

• Chevy Chase Trust Holdings LLC increased its stake in Capital One Financial Corporation by 68.3% in the second quarter, now owning 340,633 shares valued at approximately $72.5 million.
• Capital One reported $5.48 earnings per share (EPS) for the last quarter, significantly exceeding expectations, while revenue reached $12.49 billion, a 31.4% year-over-year increase.
• The company recently declared a quarterly dividend of $0.60 per share, resulting in an annualized yield of 1.2% and a dividend payout ratio of 123.08%.

Chevy Chase Trust Holdings LLC raised its holdings in Capital One Financial Corporation (NYSE:COF) by 68.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,633 shares of the financial services provider's stock after purchasing an additional 138,192 shares during the period. Chevy Chase Trust Holdings LLC owned 0.09% of Capital One Financial worth $72,473,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. WPG Advisers LLC purchased a new position in shares of Capital One Financial in the first quarter worth about $25,000. Moisand Fitzgerald Tamayo LLC increased its stake in shares of Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock worth $26,000 after purchasing an additional 62 shares in the last quarter. Olistico Wealth LLC increased its stake in shares of Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock worth $26,000 after purchasing an additional 101 shares in the last quarter. Saudi Central Bank purchased a new position in shares of Capital One Financial in the first quarter worth about $27,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of 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.

Capital One Financial Trading Down 5.6%

Capital One Financial stock opened at $203.04 on Friday. The firm has a 50 day moving average of $218.95 and a 200 day moving average of $203.00. The firm has a market capitalization of $129.85 billion, a price-to-earnings ratio of 104.12, a P/E/G ratio of 0.78 and a beta of 1.18. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF - Get Free Report) last released its 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 during the quarter, compared to analysts' expectations of $12.72 billion. The company's revenue was up 31.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.14 earnings per share. As a group, research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's dividend payout ratio is currently 123.08%.

Insider Activity

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider directly owned 68,707 shares of the company's stock, valued at $15,655,577.02. This trade represents a 12.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction that occurred on 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 sale, 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. Over the last 90 days, insiders sold 23,298 shares of company stock valued at $5,103,824. 1.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COF. Weiss Ratings reissued a "hold (c-)" rating on shares of Capital One Financial in a report on Wednesday, October 8th. Wells Fargo & Company raised their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Rothschild & Co Redburn started coverage on shares of Capital One Financial in a report on Friday, August 1st. They issued a "buy" rating and a $290.00 price target on the stock. Morgan Stanley boosted their target price on shares of Capital One Financial from $261.00 to $267.00 and gave the company an "overweight" rating in a report on Monday, September 29th. Finally, Evercore ISI upped their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.78.

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.

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