Greenleaf Trust Has $3.48 Million Position in Capital One Financial Corporation $COF

Key Points

• Greenleaf Trust increased its position in Capital One Financial Corporation by 49.7%, owning 16,345 shares worth approximately $3.48 million at the end of the second quarter.
• Analyst ratings for Capital One have shown positive momentum, with several firms raising their price targets, including TD Cowen, which increased its target from $184 to $258.
• Capital One recently declared a quarterly dividend of $0.60, resulting in an annualized yield of 1.1%, despite having a payout ratio exceeding 123%.

Greenleaf Trust lifted its stake in Capital One Financial Corporation (NYSE:COF) by 49.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,345 shares of the financial services provider's stock after purchasing an additional 5,428 shares during the period. Greenleaf Trust's holdings in Capital One Financial were worth $3,478,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. WPG Advisers LLC bought a new position in Capital One Financial in the first quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC boosted its stake in 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 valued at $26,000 after acquiring an additional 62 shares during the last quarter. Saudi Central Bank bought a new position in Capital One Financial in the first quarter valued at approximately $27,000. Signature Resources Capital Management LLC bought a new position in Capital One Financial in the second quarter valued at approximately $28,000. Finally, Beacon Capital Management LLC boosted its stake 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 valued at $32,000 after acquiring an additional 97 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on COF. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and lifted their price target for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Evercore ISI lifted 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 report on Tuesday. Citigroup lifted their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Royal Bank Of Canada lifted their price target on shares of 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. Finally, Wells Fargo & Company lifted their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $244.29.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the sale, the chief accounting officer directly owned 8,780 shares in the company, valued at approximately $1,891,299.80. The trade was a 2.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction 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 owned 68,707 shares in the company, 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 have sold a total of 21,298 shares of company stock valued at $4,679,844 over the last quarter. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Trading Down 5.0%

COF opened at $212.50 on Wednesday. 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 Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The firm's fifty day simple moving average is $219.34 and its 200 day simple moving average is $200.23. The stock has a market capitalization of $135.90 billion, a P/E ratio of 108.97, a P/E/G ratio of 0.86 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) 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 analyst estimates of $12.72 billion. During the same quarter in the previous year, the firm posted $3.14 earnings per share. The firm's quarterly revenue was up 31.4% on a year-over-year basis. As a group, research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

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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