Heritage Trust Co Sells 1,537 Shares of Capital One Financial Corporation (NYSE:COF)

Key Points

• Heritage Trust Co reduced its holdings in Capital One Financial by 7.5% in Q1, now owning 18,835 shares valued at approximately $3,377,000.
• Insider sales at Capital One included Director Ann F. Hackett selling 1,658 shares and insider Michael Zamsky selling 9,560 shares, leading to significant reductions in their positions.
• Capital One Financial recently announced a quarterly dividend of $0.60 per share, scheduled for payment on September 2nd, with a current dividend payout ratio of 123.08%.

Heritage Trust Co trimmed its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 7.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 18,835 shares of the financial services provider's stock after selling 1,537 shares during the quarter. Heritage Trust Co's holdings in Capital One Financial were worth $3,377,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in COF. Brighton Jones LLC lifted its holdings in shares of 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 acquiring an additional 10,428 shares during the last quarter. World Investment Advisors increased its stake in shares of Capital One Financial by 13.3% in the fourth quarter. World Investment Advisors now owns 9,967 shares of the financial services provider's stock worth $1,777,000 after buying an additional 1,172 shares during the period. Integrated Quantitative Investments LLC purchased a new position in shares of Capital One Financial in the fourth quarter worth $433,000. Resona Asset Management Co. Ltd. purchased a new position in shares of Capital One Financial in the fourth quarter worth $20,767,000. Finally, Dynamic Technology Lab Private Ltd increased its position in Capital One Financial by 238.1% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 9,750 shares of the financial services provider's stock valued at $1,739,000 after purchasing an additional 6,866 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the transaction, the director owned 56,244 shares in the company, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the transaction, the insider owned 20,089 shares in the company, valued at $4,005,746.60. This represents a 32.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,332 shares of company stock worth $4,540,285. Company insiders own 1.26% of the company's stock.

Capital One Financial Stock Performance

Shares of COF stock opened at $207.47 on Friday. Capital One Financial Corporation has a one year low of $128.23 and a one year high of $232.45. The company's 50-day moving average is $206.91 and its 200 day moving average is $192.63. The company has a market capitalization of $79.49 billion, a price-to-earnings ratio of 106.40, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $12.72 billion. The business's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period last year, the company posted $3.14 earnings per share. Sell-side analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.2%. Capital One Financial's dividend payout ratio is currently 123.08%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and boosted their price objective for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Truist Financial boosted their price objective on shares of Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $238.81.

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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