M&T Bank Corp Has $21.31 Million Stake in Capital One Financial Corporation (NYSE:COF)

M&T Bank Corp trimmed its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 4.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,859 shares of the financial services provider's stock after selling 6,024 shares during the quarter. M&T Bank Corp's holdings in Capital One Financial were worth $21,311,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Black Diamond Financial LLC bought a new stake in Capital One Financial in the 1st quarter valued at $296,000. Crossmark Global Holdings Inc. raised its stake in shares of Capital One Financial by 10.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 36,997 shares of the financial services provider's stock valued at $6,634,000 after buying an additional 3,410 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Capital One Financial during the 1st quarter worth about $261,000. Richard Bernstein Advisors LLC acquired a new stake in shares of Capital One Financial during the 1st quarter worth about $2,720,000. Finally, TD Private Client Wealth LLC increased its position in shares of Capital One Financial by 13.3% during the 1st quarter. TD Private Client Wealth LLC now owns 1,521 shares of the financial services provider's stock worth $273,000 after purchasing an additional 178 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of recent analyst reports. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and increased their target price for the stock from $184.00 to $258.00 in a research report on Tuesday. Royal Bank Of Canada set a $190.00 target price on shares of Capital One Financial and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Keefe, Bruyette & Woods increased their price objective on shares of Capital One Financial from $232.00 to $248.00 and gave the stock an "outperform" rating in a report on Wednesday. Wells Fargo & Company increased their price objective on shares of Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Finally, BTIG Research raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective on the stock in a report on Tuesday, March 25th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Capital One Financial currently has a consensus rating of "Moderate Buy" and an average target price of $222.07.

Insider Buying and Selling

In other news, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the sale, the insider directly owned 20,089 shares in the company, valued at $4,005,746.60. This trade represents a 32.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the transaction, the director directly owned 56,244 shares of the company's stock, valued at $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Capital One Financial Stock Down 0.4%

COF stock traded down $0.88 during mid-day trading on Friday, hitting $219.86. 2,965,646 shares of the company were exchanged, compared to its average volume of 3,617,062. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.97 and a current ratio of 0.98. The firm has a market cap of $84.24 billion, a P/E ratio of 18.46, a P/E/G ratio of 0.92 and a beta of 1.15. The firm's 50 day simple moving average is $199.33 and its 200 day simple moving average is $188.71. Capital One Financial Corporation has a 1-year low of $128.23 and a 1-year high of $221.95.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.07 billion. On average, sell-side analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were issued a $0.60 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.09%. Capital One Financial's dividend payout ratio (DPR) is presently 20.15%.

About Capital One Financial

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.