First Fiduciary Investment Counsel Inc. Has $12.38 Million Holdings in Capital One Financial Corporation $COF

Key Points

• First Fiduciary Investment Counsel Inc. has increased its holdings in Capital One Financial Corporation by 3.1%, now owning 58,162 shares valued at approximately $12.38 million.
• Institutional investors hold 89.84% of the company's stock, with significant stakes recently acquired by several large investors, including a dramatic increase of 588,668.3% from Kingstone Capital Partners Texas LLC.
• Capital One Financial recently declared a quarterly dividend of $0.60 per share, resulting in an annualized dividend yield of 1.2%, despite having a dividend payout ratio of 123.08%.

First Fiduciary Investment Counsel Inc. lifted its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,162 shares of the financial services provider's stock after purchasing an additional 1,736 shares during the period. Capital One Financial accounts for 2.5% of First Fiduciary Investment Counsel Inc.'s holdings, making the stock its 19th biggest position. First Fiduciary Investment Counsel Inc.'s holdings in Capital One Financial were worth $12,375,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC raised its stake in Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock valued at $24,988,129,000 after buying an additional 117,427,549 shares during the period. Diamond Hill Capital Management Inc. bought a new stake in Capital One Financial in the first quarter valued at approximately $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Capital One Financial by 45.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock valued at $838,609,000 after buying an additional 1,454,595 shares during the period. Bank of New York Mellon Corp raised its stake in Capital One Financial by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after buying an additional 950,415 shares during the period. Finally, Nuveen LLC bought a new stake in Capital One Financial in the first quarter valued at approximately $141,599,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Insider Transactions at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the transaction, the general counsel owned 98,486 shares in the company, valued at $20,878,047.14. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the completion of the transaction, the chief accounting officer owned 8,987 shares in the company, valued at $1,889,786.36. This represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,298 shares of company stock worth $5,103,824 in the last three months. Insiders own 1.26% of the company's stock.

Capital One Financial Trading Down 4.0%

NYSE COF opened at $202.37 on Friday. The business's 50-day moving average price is $219.02 and its two-hundred day moving average price is $202.11. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The firm has a market capitalization of $129.42 billion, a PE ratio of 103.78, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18. 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 announced 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 during the quarter, compared to the consensus estimate of $12.72 billion. The firm's revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.14 EPS. On average, analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared 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 was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.2%. Capital One Financial's dividend payout ratio is presently 123.08%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on COF. Wall Street Zen upgraded Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. JPMorgan Chase & Co. lowered their target price on Capital One Financial from $248.00 to $235.00 and set a "neutral" rating on the stock in a research note on Tuesday. Citigroup increased their target price on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Barclays increased their target price on Capital One Financial from $253.00 to $257.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, TD Cowen increased their target price on Capital One Financial from $258.00 to $261.00 and gave the stock a "buy" rating in a research note on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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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