JTC Employer Solutions Trustee Ltd Cuts Holdings in Capital One Financial Corporation $COF

Key Points

• JTC Employer Solutions Trustee Ltd reduced its holdings in Capital One Financial by 25.4%, selling 10,000 shares, which now accounts for around 0.6% of their investment portfolio.
• Various institutional investors have shown increased interest, with 89.84% of Capital One's stock owned by hedge funds and other institutions, indicating strong institutional support.
• Analysts have mixed views on Capital One, with Goldman Sachs and UBS lowering their price targets but still maintaining a "buy" rating, while Barclays increased its target price and also remarked a strong rating.

JTC Employer Solutions Trustee Ltd trimmed its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 25.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,320 shares of the financial services provider's stock after selling 10,000 shares during the quarter. Capital One Financial makes up approximately 0.6% of JTC Employer Solutions Trustee Ltd's investment portfolio, making the stock its 22nd biggest holding. JTC Employer Solutions Trustee Ltd's holdings in Capital One Financial were worth $6,236,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC purchased a new position in Capital One Financial during the first quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC grew its holdings 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 worth $26,000 after purchasing an additional 62 shares during the last quarter. Olistico Wealth LLC grew its holdings in Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock worth $26,000 after purchasing an additional 101 shares during the last quarter. Saudi Central Bank purchased a new position in Capital One Financial in the first quarter worth $27,000. Finally, RMG Wealth Management LLC purchased a new position in Capital One Financial in the second quarter worth $27,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COF has been the topic of several analyst reports. The Goldman Sachs Group cut their price target on shares of Capital One Financial from $276.00 to $266.00 and set a "buy" rating on the stock in a report on Friday, October 3rd. Barclays lifted their price target on shares of Capital One Financial from $253.00 to $257.00 and gave the stock an "overweight" rating in a report on Monday, October 6th. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 price objective for the company. UBS Group lowered their price objective on shares of Capital One Financial from $270.00 to $266.00 and set a "buy" rating for the company in a research note on Tuesday, October 7th. Finally, Wall Street Zen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $252.78.

Insider Buying and Selling

In other Capital One Financial news, 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 transaction, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares of the company's stock, valued at $1,889,786.36. The trade was a 27.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,298 shares of company stock worth $5,103,824. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Trading Up 4.0%

NYSE:COF opened at $211.25 on Friday. The company has a market capitalization of $135.10 billion, a P/E ratio of 108.33, a PEG ratio of 0.73 and a beta of 1.18. The firm has a fifty day simple moving average of $219.01 and a 200-day simple moving average of $203.23. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. 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 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 analyst estimates of $12.72 billion. Capital One Financial's revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.14 earnings per share. On average, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

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