Midwest Trust Co Grows Stock Position in Capital One Financial Corporation $COF

Key Points

• Midwest Trust Co. increased its Capital One Financial stake by 87.6% in the second quarter, bringing its holdings to 40,702 shares valued at approximately $8.2 million. Institutional investors collectively own 89.84% of the company.
• Analysts maintain a favorable outlook, with 21 Buy ratings and three Hold ratings contributing to a consensus “Moderate Buy” rating and an average price target of $259.36.
• Capital One reported quarterly EPS of $5.81, exceeding estimates by $1.02, while revenue rose 26.9% year over year to $15.83 billion. The company also declared a quarterly dividend of $0.80 per share, representing a 1.4% annualized yield.

Midwest Trust Co increased its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 87.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,702 shares of the financial services provider's stock after purchasing an additional 19,005 shares during the quarter. Midwest Trust Co's holdings in Capital One Financial were worth $8,166,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wealth Enhancement Trust Services Inc. acquired a new stake in Capital One Financial in the fourth quarter valued at approximately $1,303,000. HighTower Advisors LLC grew its holdings in Capital One Financial by 18.1% during the 4th quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider's stock worth $85,739,000 after acquiring an additional 54,263 shares in the last quarter. Swiss Life Asset Management Ltd grew its holdings in Capital One Financial by 11.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 115,843 shares of the financial services provider's stock worth $28,076,000 after acquiring an additional 11,651 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Capital One Financial by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider's stock valued at $13,789,615,000 after purchasing an additional 360,071 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Capital One Financial by 2.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 223,977 shares of the financial services provider's stock valued at $54,283,000 after purchasing an additional 6,225 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of Capital One Financial from $275.00 to $280.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Rothschild & Co Redburn lowered their target price on shares of Capital One Financial from $290.00 to $275.00 and set a "buy" rating for the company in a research note on Wednesday, April 29th. Argus dropped their target price on Capital One Financial from $260.00 to $250.00 and set a "buy" rating on the stock in a report on Thursday, April 23rd. HSBC upgraded Capital One Financial from a "hold" rating to a "buy" rating and raised their price target for the company from $226.00 to $229.00 in a research note on Sunday, July 12th. Finally, Wall Street Zen cut Capital One Financial from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Twenty-one equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $259.36.

Capital One Financial Stock Up 1.5%

COF stock opened at $227.19 on Friday. The stock has a market cap of $139.37 billion, a P/E ratio of 14.06, a PEG ratio of 0.84 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The company's 50 day moving average is $204.93 and its two-hundred day moving average is $198.21.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.79 by $1.02. The business had revenue of $15.83 billion during the quarter, compared to analysts' expectations of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The company's revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.48 EPS. Research analysts expect that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.4%. Capital One Financial's payout ratio is 19.80%.

Insider Activity at Capital One Financial

In other news, insider Ravi Raghu sold 9,726 shares of Capital One Financial stock in a transaction dated 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $218.02, for a total value of $1,193,223.46. Following the sale, the insider owned 27,992 shares in the company, valued at $6,102,815.84. This trade represents a 16.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,186 shares of company stock valued at $4,697,301 in the last ninety days. 0.78% of the stock is currently owned by insiders.

Capital One Financial Profile

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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