MassMutual Private Wealth & Trust FSB Has $2.33 Million Stock Holdings in Capital One Financial Corporation $COF

Key Points

• MassMutual Private Wealth & Trust FSB increased its stake in Capital One Financial by 15.1% during Q2, holding a total of 10,955 shares worth approximately $2.33 million.
• Insider selling occurred recently at Capital One, with General Counsel Matthew W. Cooper selling 2,000 shares valued at $446,800, representing a 1.95% decrease in his holdings.
• Capital One Financial reported $5.48 EPS for its last quarter, significantly exceeding the consensus estimate of $1.93, while revenues were up 31.4% year-over-year.

MassMutual Private Wealth & Trust FSB increased its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 15.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,955 shares of the financial services provider's stock after purchasing an additional 1,439 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Capital One Financial were worth $2,331,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in shares of Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after buying an additional 10,428 shares during the last quarter. State of Wyoming acquired a new position in shares of Capital One Financial during the fourth quarter worth approximately $187,000. Teza Capital Management LLC acquired a new position in shares of Capital One Financial during the fourth quarter worth approximately $252,000. Woodline Partners LP acquired a new position in shares of Capital One Financial during the fourth quarter worth approximately $4,085,000. Finally, Williams Jones Wealth Management LLC. acquired a new position in shares of Capital One Financial during the fourth quarter worth approximately $227,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on COF. Keefe, Bruyette & Woods boosted their price objective on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Barclays restated an "overweight" rating and set a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Finally, TD Cowen upgraded 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. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and an average price target of $239.44.

Insider Transactions at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the transaction, the insider owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This represents 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 in the last ninety days. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Stock Down 0.7%

Shares of NYSE COF traded down $1.61 during mid-day trading on Friday, reaching $228.13. 4,825,233 shares of the company's stock were exchanged, compared to its average volume of 2,808,706. The firm has a market capitalization of $145.89 billion, a price-to-earnings ratio of 116.99, a PEG ratio of 0.88 and a beta of 1.17. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $218.68 and a 200 day simple moving average of $197.59. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. The company's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.14 EPS. As a group, equities analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued 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 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.