Legacy Private Trust Co. Makes New $280,000 Investment in Capital One Financial Corporation $COF

Key Points

• Legacy Private Trust Co. recently invested $280,000 in Capital One Financial, acquiring 1,314 shares during the second quarter.
• Analysts have mixed views on Capital One Financial, with upgrades from Keefe, Bruyette & Woods and TD Cowen, while others, like Wall Street Zen, downgraded the stock to a "hold" rating.
• Capital One Financial reported a significant earnings beat with $5.48 EPS for the last quarter, exceeding estimates of $1.93, alongside a 31.4% year-over-year revenue increase.

Legacy Private Trust Co. bought a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,314 shares of the financial services provider's stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. E. Ohman J or Asset Management AB raised its position in shares of Capital One Financial by 413.8% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 26,973 shares of the financial services provider's stock worth $5,739,000 after purchasing an additional 21,723 shares during the period. Gallacher Capital Management LLC acquired a new stake in shares of Capital One Financial during the 2nd quarter worth approximately $336,000. Parallel Advisors LLC raised its position in shares of Capital One Financial by 114.4% during the 2nd quarter. Parallel Advisors LLC now owns 15,124 shares of the financial services provider's stock worth $3,218,000 after purchasing an additional 8,070 shares during the period. Capital Asset Advisory Services LLC acquired a new stake in shares of Capital One Financial during the 2nd quarter worth approximately $657,000. Finally, Wesbanco Bank Inc. acquired a new stake in shares of Capital One Financial during the 2nd quarter worth approximately $1,166,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods increased their price target 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. Wall Street Zen cut Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. increased their price target on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and raised their target price for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Finally, Barclays restated an "overweight" rating and issued a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $239.44.

Capital One Financial Stock Performance

COF opened at $226.39 on Tuesday. The firm has a market cap of $144.78 billion, a PE ratio of 116.10, a P/E/G ratio of 0.87 and a beta of 1.17. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $218.06 and a 200-day simple moving average of $196.67. Capital One Financial Corporation has a fifty-two week low of $138.90 and a fifty-two week high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $12.72 billion. The business's revenue was up 31.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.14 earnings per share. As a group, equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is currently 123.08%.

Insiders Place Their Bets

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 completion of the sale, the insider owned 27,364 shares of the company's stock, valued at $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 sale, the insider directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.