First Hawaiian Bank Sells 20,310 Shares of Capital One Financial Corporation $COF

Key Points

• First Hawaiian Bank sold 20,310 shares of Capital One Financial, reducing its holdings by 95.2%, leaving it with only 1,029 shares valued at $219,000.
• Several institutional investors have increased their stakes in Capital One, with 89.84% of the stock held by such investors, indicating growing interest in the company.
• Analysts have a consensus rating of "Moderate Buy" for Capital One Financial, with target price increases from multiple financial institutions indicating positive growth expectations for the stock.

First Hawaiian Bank cut its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 95.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,029 shares of the financial services provider's stock after selling 20,310 shares during the quarter. First Hawaiian Bank's holdings in Capital One Financial were worth $219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COF. WPG Advisers LLC bought a new position in Capital One Financial in the first quarter valued at approximately $25,000. Saudi Central Bank bought a new position in Capital One Financial in the first quarter valued at approximately $27,000. Beacon Capital Management LLC raised its holdings in Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after purchasing an additional 97 shares during the period. Bogart Wealth LLC raised its holdings in Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after purchasing an additional 243 shares during the period. Finally, Motco raised its holdings in Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after purchasing an additional 137 shares during the period. 89.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

COF has been the topic of several analyst reports. Truist Financial increased their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Citigroup increased their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and increased their target price for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Finally, Keefe, Bruyette & Woods increased their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial currently has a consensus rating of "Moderate Buy" and an average price target of $239.44.

Capital One Financial Stock Performance

Shares of COF opened at $224.34 on Wednesday. The company has a market cap of $143.47 billion, a PE ratio of 115.05, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17. 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 firm has a 50-day moving average of $218.19 and a 200-day moving average of $196.86. Capital One Financial Corporation has a one year low of $140.93 and a one year high of $232.45.

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, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The business's quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.14 EPS. As a group, equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

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

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the sale, the general counsel owned 100,486 shares in the company, valued at $22,448,572.40. The trade was a 1.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction dated Wednesday, July 23rd. The stock was 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 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 disclosure for this sale can be found here. Insiders have sold 21,298 shares of company stock worth $4,679,844 over the last quarter. Company insiders own 1.26% of the company's stock.

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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