First Bank & Trust Makes New Investment in Capital One Financial Corporation $COF

Key Points

• First Bank & Trust has acquired 1,730 shares of Capital One Financial Corporation, valued at approximately $368,000, according to its SEC filing.
• Capital One reported $5.48 earnings per share for the last quarter, significantly exceeding the consensus estimate of $1.93, and achieved a revenue of $12.49 billion despite falling short of expectations.
• The company has announced a quarterly dividend of $0.60, reflecting an annual yield of 1.1%, with a current dividend payout ratio of 123.08%.

First Bank & Trust purchased a new position in Capital One Financial Corporation (NYSE:COF - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,730 shares of the financial services provider's stock, valued at approximately $368,000.

A number of other institutional investors have also recently bought and sold shares of COF. Brighton Jones LLC increased its stake in Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after purchasing an additional 10,428 shares in the last quarter. State of Wyoming purchased a new position in Capital One Financial in the 4th quarter worth about $187,000. Teza Capital Management LLC purchased a new position in Capital One Financial in the 4th quarter worth about $252,000. Woodline Partners LP purchased a new position in Capital One Financial in the 4th quarter worth about $4,085,000. Finally, Williams Jones Wealth Management LLC. purchased a new position in Capital One Financial in the 4th quarter worth about $227,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Down 1.0%

COF opened at $224.34 on Wednesday. Capital One Financial Corporation has a 1-year low of $140.93 and a 1-year 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. The stock has a market capitalization of $143.47 billion, a price-to-earnings ratio of 115.05, a P/E/G ratio of 0.88 and a beta of 1.17. The business has a 50 day moving average of $218.19 and a 200-day moving average of $196.86.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the prior year, the company posted $3.14 earnings per share. The firm's revenue was up 31.4% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given 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 is currently 123.08%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on COF. Rothschild & Co Redburn began coverage on Capital One Financial in a research note on Friday, August 1st. They issued a "buy" rating and a $290.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and lifted their target price for the company from $184.00 to $258.00 in a research note on Tuesday, July 8th. Bank of America lifted their target price on Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Finally, Royal Bank Of Canada lifted their target price on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $239.44.

Insiders Place Their Bets

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the transaction, the general counsel directly owned 100,486 shares in the company, valued at approximately $22,448,572.40. This represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction on 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 owned 68,707 shares of the company's stock, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock valued at $4,679,844 over the last ninety days. 1.26% of the stock is owned by insiders.

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.

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