Summit Trail Advisors LLC Has $1.23 Million Stock Position in Capital One Financial Corporation (NYSE:COF)

Summit Trail Advisors LLC boosted its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 63.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,844 shares of the financial services provider's stock after acquiring an additional 2,650 shares during the quarter. Summit Trail Advisors LLC's holdings in Capital One Financial were worth $1,227,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in shares of Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock valued at $2,423,000 after purchasing an additional 10,428 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Capital One Financial in the 4th quarter worth approximately $27,000. Norden Group LLC lifted its stake in shares of Capital One Financial by 2.6% in the 4th quarter. Norden Group LLC now owns 2,010 shares of the financial services provider's stock worth $358,000 after acquiring an additional 51 shares during the period. Modera Wealth Management LLC boosted its holdings in shares of Capital One Financial by 19.1% in the fourth quarter. Modera Wealth Management LLC now owns 2,932 shares of the financial services provider's stock valued at $523,000 after acquiring an additional 471 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Capital One Financial by 38.7% during the fourth quarter. Jones Financial Companies Lllp now owns 56,260 shares of the financial services provider's stock valued at $10,032,000 after acquiring an additional 15,704 shares during the period. Institutional investors own 89.84% of the company's stock.

Insider Activity

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

Capital One Financial Trading Up 1.8%

Shares of Capital One Financial stock traded up $3.79 during trading on Wednesday, hitting $218.97. The stock had a trading volume of 3,571,033 shares, compared to its average volume of 3,601,511. Capital One Financial Corporation has a 1 year low of $128.23 and a 1 year high of $219.24. The stock has a 50 day simple moving average of $194.04 and a 200 day simple moving average of $186.82. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $83.90 billion, a PE ratio of 18.39, a P/E/G ratio of 0.89 and a beta of 1.15.

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 for the quarter, topping the consensus estimate of $3.75 by $0.31. The firm had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.07 billion. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. 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 declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial's payout ratio is 20.15%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on COF shares. Citigroup cut their target price on Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Robert W. Baird upgraded Capital One Financial from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $190.00 to $200.00 in a report on Tuesday, March 11th. Evercore ISI raised Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 target price on the stock in a report on Wednesday, March 12th. Truist Financial boosted their price target on shares of Capital One Financial from $215.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Finally, Wells Fargo & Company raised their price objective on shares of Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $215.86.

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.