New Covenant Trust Company N.A. Buys Shares of 1,399 Capital One Financial Corporation $COF

Key Points

• New Covenant Trust Company N.A. acquired 1,399 shares of Capital One Financial Corporation, valued at approximately $295,000, during the 2nd quarter.
• Several analysts have raised their price targets for Capital One Financial, with Citigroup increasing its target from $250 to $275 and placing a "buy" rating on the stock.
• Insider Robert M. Alexander sold over 10,000 shares at an average price of $227.86, representing a 12.83% decrease in his position within the company.

New Covenant Trust Company N.A. purchased a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,399 shares of the financial services provider's stock, valued at approximately $295,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Covenant Asset Management LLC lifted its position in shares of Capital One Financial by 3.6% during the second quarter. Covenant Asset Management LLC now owns 24,653 shares of the financial services provider's stock worth $5,245,000 after purchasing an additional 846 shares during the last quarter. Moss Adams Wealth Advisors LLC raised its stake in Capital One Financial by 68.9% during the second quarter. Moss Adams Wealth Advisors LLC now owns 1,920 shares of the financial services provider's stock valued at $408,000 after buying an additional 783 shares in the last quarter. GC Wealth Management RIA LLC bought a new position in Capital One Financial during the 2nd quarter worth approximately $2,705,000. Albion Financial Group UT lifted its stake in Capital One Financial by 91.2% during the second quarter. Albion Financial Group UT now owns 174 shares of the financial services provider's stock worth $37,000 after purchasing an additional 83 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in Capital One Financial by 59.2% during the second quarter. V Square Quantitative Management LLC now owns 12,515 shares of the financial services provider's stock worth $2,663,000 after purchasing an additional 4,652 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on COF. Rothschild & Co Redburn initiated coverage on shares of Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 target price for the company. Citigroup lifted their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Truist Financial increased their price objective on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and raised their target price for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Finally, Royal Bank Of Canada upped their target price on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Capital One Financial presently has an average rating of "Moderate Buy" and an average price target of $239.44.

Insider Transactions at Capital One Financial

In other news, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the transaction, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,298 shares of company stock worth $4,679,844. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Stock Performance

Shares of COF opened at $223.97 on Monday. The firm has a market capitalization of $143.23 billion, a PE ratio of 114.86, a P/E/G ratio of 0.86 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 firm has a 50-day moving average price of $219.28 and a 200 day moving average price of $199.78. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the prior year, the business earned $3.14 EPS. Capital One Financial's revenue was up 31.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a $0.60 dividend. The ex-dividend date 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 is 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.

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