Legacy Private Trust Co. Buys 21,585 Shares of Capital One Financial Corporation $COF

Key Points

• Legacy Private Trust Co. increased its Capital One stake by 1,544% in the third quarter, acquiring 21,585 additional shares for a total of 22,983 shares valued at approximately $4.44 million.
• Capital One reported quarterly EPS of $5.81, surpassing the $4.79 analyst consensus, while revenue rose 26.9% year over year to $15.83 billion. The company also maintains a quarterly dividend of $0.80 per share, yielding about 1.6% annually.
• Analysts hold a “Moderate Buy” consensus on COF, with 21 Buy ratings and three Holds and an average price target of $257.77, above the reported share price of $196.20.

Legacy Private Trust Co. lifted its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 1,544.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,983 shares of the financial services provider's stock after acquiring an additional 21,585 shares during the quarter. Legacy Private Trust Co.'s holdings in Capital One Financial were worth $4,437,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sculptor Capital LP bought a new position in shares of Capital One Financial in the 1st quarter valued at about $33,932,000. Swiss National Bank raised its holdings in shares of Capital One Financial by 6.5% in the 1st quarter. Swiss National Bank now owns 1,865,716 shares of the financial services provider's stock valued at $340,363,000 after purchasing an additional 113,200 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in Capital One Financial in the 2nd quarter valued at about $73,364,000. Levin Capital Strategies L.P. lifted its stake in Capital One Financial by 3.3% in the 1st quarter. Levin Capital Strategies L.P. now owns 179,757 shares of the financial services provider's stock valued at $32,793,000 after purchasing an additional 5,707 shares during the last quarter. Finally, Professional Financial Advisors LLC grew its holdings in Capital One Financial by 645.8% during the second quarter. Professional Financial Advisors LLC now owns 9,710 shares of the financial services provider's stock worth $1,948,000 after purchasing an additional 8,408 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

NYSE:COF traded up $1.06 during mid-day trading on Tuesday, hitting $196.20. 1,011,843 shares of the stock were exchanged, compared to its average volume of 4,655,167. The firm's 50-day simple moving average is $211.18 and its 200 day simple moving average is $199.30. The stock has a market capitalization of $120.37 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating analysts' consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. During the same period in the prior year, the firm posted $5.48 EPS. The company's revenue for the quarter was up 26.9% on a year-over-year basis. As a group, equities analysts anticipate that Capital One Financial Corporation will post 20.32 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a $0.80 dividend. The ex-dividend date was Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial's dividend payout ratio is 19.80%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on COF shares. Piper Sandler boosted their price target on Capital One Financial from $254.00 to $260.00 and gave the stock an "overweight" rating in a research report on Monday, September 28th. Citigroup reduced their target price on Capital One Financial from $295.00 to $280.00 and set a "buy" rating for the company in a research note on Tuesday, September 29th. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $215.00 to $245.00 and gave the stock an "overweight" rating in a report on Monday, July 13th. UBS Group increased their price target on Capital One Financial from $275.00 to $280.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 price target on Capital One Financial in a report on Thursday, August 20th. Twenty-one analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Capital One Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $257.77.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $214.10, for a total value of $749,350.00. Following the completion of the sale, the general counsel owned 83,194 shares of the company's stock, valued at $17,811,835.40. The trade was a 4.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the transaction, the insider owned 26,328 shares in the company, valued at approximately $5,523,087.84. The trade was a 26.98% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 30,350 shares of company stock valued at $6,480,382 in the last quarter. Company insiders own 0.78% of the company's stock.

About Capital One Financial

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.

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