Fulton Bank N.A. Buys 4,200 Shares of Capital One Financial Corporation $COF

Key Points

• Fulton Bank N.A. significantly increased its ownership of Capital One Financial, acquiring an additional 4,200 shares during the 2nd quarter, which raised its total holdings to 7,092 shares valued at approximately $1.51 million.
• Quarterly earnings for Capital One Financial surpassed expectations, reporting $5.48 EPS, significantly exceeding analysts’ estimates of $1.93, and achieving a revenue increase of 31.4% year-over-year.
• Capital One Financial's stock has received mixed analyst ratings, with three analysts giving a "Strong Buy," and an average target price increase to $239.44, reflecting positive outlooks despite some recent declines in insider holdings.

Fulton Bank N.A. grew its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 145.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,092 shares of the financial services provider's stock after purchasing an additional 4,200 shares during the period. Fulton Bank N.A.'s holdings in Capital One Financial were worth $1,509,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Capital One Financial by 1.6% during the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider's stock valued at $5,782,590,000 after purchasing an additional 506,105 shares during the last quarter. Bank of New York Mellon Corp raised its position in Capital One Financial by 23.7% during 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. Goldman Sachs Group Inc. raised its position in Capital One Financial by 18.2% during the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock valued at $854,647,000 after buying an additional 734,939 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Capital One Financial by 45.1% during 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. Finally, Invesco Ltd. raised its position in Capital One Financial by 13.3% during the first quarter. Invesco Ltd. now owns 4,665,496 shares of the financial services provider's stock valued at $836,523,000 after buying an additional 548,052 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This trade represents a 16.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was 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 in the company, valued at $15,655,577.02. This represents 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 quarter. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Trading Down 0.7%

Shares of NYSE COF traded down $1.61 during midday trading on Friday, hitting $228.13. The stock had a trading volume of 4,825,233 shares, compared to its average volume of 2,808,706. The company's 50-day simple moving average is $218.68 and its 200 day simple moving average is $197.59. The firm has a market cap of $145.89 billion, a P/E ratio of 116.99, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two 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.

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

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid 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 123.08%.

Analyst Ratings Changes

Several research firms recently weighed in on COF. Barclays reissued an "overweight" rating and set a $253.00 price target (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Rothschild & Co Redburn assumed coverage on Capital One Financial in a research report on Friday, August 1st. They set a "buy" rating and a $290.00 price target on the stock. Wells Fargo & Company upped their target price on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Keefe, Bruyette & Woods upped their target price on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada upped their target price on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $239.44.

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.