Petrus Trust Company LTA Acquires New Shares in Capital One Financial Corporation $COF

Key Points

• Petrus Trust Company LTA invested $615,000 in Capital One Financial Corporation, acquiring 3,428 shares in the first quarter.
• Insiders sold a total of 21,298 shares of Capital One stock worth approximately $4.68 million over the last quarter, indicating a decrease in their holdings.
• Several analysts have revised their price targets for Capital One, with Citigroup now setting a target of $275.00 and maintaining a "buy" rating.

Petrus Trust Company LTA bought a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,428 shares of the financial services provider's stock, valued at approximately $615,000.

Other institutional investors also recently modified their holdings of the company. WPG Advisers LLC bought a new position in shares of Capital One Financial in the first quarter valued at approximately $25,000. Saudi Central Bank bought a new position in shares of Capital One Financial in the first quarter valued at approximately $27,000. Beacon Capital Management LLC raised its stake in shares of Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 97 shares during the last quarter. Motco raised its stake in shares of Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 137 shares during the last quarter. Finally, Bogart Wealth LLC raised its stake in shares of Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 243 shares during the last quarter. Institutional investors own 89.84% of the company's stock.

Capital One Financial Trading Up 0.5%

Shares of Capital One Financial stock traded up $1.16 on Thursday, hitting $224.59. 1,528,264 shares of the company's stock traded hands, compared to its average volume of 4,311,856. The firm's 50-day moving average price is $217.77 and its two-hundred day moving average price is $196.12. The stock has a market capitalization of $143.63 billion, a PE ratio of 115.18, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. Capital One Financial Corporation has a one year low of $134.73 and a one year high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The business's revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.14 EPS. On average, research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a dividend of $0.60 per share. 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 payout ratio is presently 123.08%.

Insider Buying and Selling at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the sale, the general counsel owned 100,486 shares in the company, valued at $22,448,572.40. This represents a 1.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the sale, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on COF. Wall Street Zen cut shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Barclays reissued an "overweight" rating and issued a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and raised their price target for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Citigroup raised 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. Finally, Keefe, Bruyette & Woods raised their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $238.81.

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.