Montecito Bank & Trust Raises Holdings in Capital One Financial Corporation $COF

Key Points

• Montecito Bank & Trust increased its Capital One stake by 262.5% in the third quarter, bringing its holdings to 10,918 shares worth approximately $2.1 million. Institutional investors collectively own 89.84% of the company.
• Capital One reported strong quarterly results, with earnings of $5.81 per share beating estimates of $4.79 and revenue of $15.83 billion rising 26.9% year over year.
• The stock traded at $194.29, while analysts maintained a “Moderate Buy” consensus with an average price target of $258.41. Capital One also pays a quarterly dividend of $0.80, equivalent to a 1.6% annual yield.

Montecito Bank & Trust grew its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 262.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,918 shares of the financial services provider's stock after purchasing an additional 7,906 shares during the period. Montecito Bank & Trust's holdings in Capital One Financial were worth $2,108,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. QRG Capital Management Inc. boosted its stake in Capital One Financial by 32.3% during the second quarter. QRG Capital Management Inc. now owns 118,061 shares of the financial services provider's stock worth $23,685,000 after buying an additional 28,855 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of Capital One Financial by 37.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 27,625 shares of the financial services provider's stock valued at $5,542,000 after acquiring an additional 7,503 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Capital One Financial by 43.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,274,188 shares of the financial services provider's stock worth $456,248,000 after acquiring an additional 692,425 shares during the last quarter. State Street Corp boosted its stake in shares of Capital One Financial by 107.9% during the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider's stock worth $11,491,259,000 after purchasing an additional 29,724,829 shares during the period. Finally, Security National Bank of SO Dak purchased a new position in shares of Capital One Financial during the 2nd quarter worth about $118,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Trading Up 0.6%

COF traded up $1.22 during trading on Thursday, hitting $194.29. 3,743,808 shares of the stock were exchanged, compared to its average volume of 4,688,227. The firm has a 50 day simple moving average of $211.68 and a 200 day simple moving average of $199.02. The firm has a market cap of $119.19 billion, a price-to-earnings ratio of 12.02, a P/E/G ratio of 0.72 and a beta of 1.02. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year 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 earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping 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 return on equity of 11.28% and a net margin of 13.37%.The business's revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period in the prior year, the business earned $5.48 EPS. As a group, equities analysts expect that Capital One Financial Corporation will post 20.3 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed 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 of this dividend was Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. Capital One Financial's dividend payout ratio is 19.80%.

Analyst Ratings Changes

COF has been the topic of several analyst reports. BTIG Research upped their price target on shares of Capital One Financial from $224.00 to $259.00 and gave the company a "buy" rating in a report on Tuesday, June 30th. Wall Street Zen lowered Capital One Financial from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Weiss Ratings raised Capital One Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. UBS Group upped their target price 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, Wolfe Research increased their price target on Capital One Financial from $255.00 to $275.00 and gave the stock an "outperform" rating in a report on Tuesday, August 25th. Twenty-one investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and an average price target of $258.41.

Insider Activity at Capital One Financial

In other news, CAO Timothy P. Golden sold 3,487 shares of the business's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total value of $735,757.00. Following the completion of the sale, the chief accounting officer owned 7,429 shares in the company, valued at approximately $1,567,519. The trade was a 31.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 5,473 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the sale, the insider directly owned 27,992 shares of the company's stock, valued at $6,102,815.84. The trade was a 16.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,850 shares of company stock worth $7,208,382 over the last quarter. Corporate insiders own 0.78% of the company's stock.

Trending Headlines about Capital One Financial

Here are the key news stories impacting Capital One Financial this week:

• Positive Sentiment: Capital One’s second-quarter performance stood out among credit-card companies: earnings per share reached $5.81 versus the $4.79 consensus estimate, revenue totaled $15.83 billion, and revenue grew 26.9% year over year. The earnings beat and solid growth provide fundamental support for the stock. Credit Card Stocks Q2 In Review: Capital One Vs Peers
• Positive Sentiment: Analyst sentiment remains constructive. Citigroup retained a “buy” rating despite lowering its price target from $295 to $280, while a separate analyst compilation cited a consensus target of $258.91—both implying substantial potential upside from current levels. Capital One Stock Has Consensus Target Price of $258.91
• Positive Sentiment: A limited-time Venture X Business promotion offers eligible existing cardholders a $500 Capital One Business Travel credit after qualifying spending, plus a fourth night free at select properties. The offer could encourage card usage and strengthen customer engagement, though its financial effect is likely modest. Capital One Celebrates Venture X Business Anniversary
• Neutral Sentiment: Capital One’s auto research links vehicle access with economic opportunity and highlights consumer demand for more guidance in the auto market. The findings support the company’s consumer-finance and auto-business positioning but do not materially change near-term earnings expectations. Capital One Research on Vehicle Access and Economic Opportunity
• Negative Sentiment: Pre-earnings coverage describes expectations as cautious, while commentary notes COF’s roughly 11% six-month gain has lagged the S&P 500’s 21.1% advance. The Citigroup target reduction, despite the continued buy rating, also signals more restrained near-term expectations. Capital One Financial Earnings Preview

Capital One Financial Profile

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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