TCV Trust & Wealth Management Inc. Boosts Stake in Capital One Financial Corporation $COF

Key Points

• TCV Trust & Wealth Management Inc. boosted its stake in Capital One Financial by 85.6% in the second quarter, now owning 3,352 shares valued at $713,000.
• Wall Street analysts have responded positively to Capital One, with several firms upgrading their ratings and raising price targets, with Citigroup's target reaching $275.00.
• Capital One recently reported earnings of $5.48 EPS, significantly exceeding analysts' expectations, which anticipated $1.93 EPS.

TCV Trust & Wealth Management Inc. lifted its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 85.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,352 shares of the financial services provider's stock after purchasing an additional 1,546 shares during the period. TCV Trust & Wealth Management Inc.'s holdings in Capital One Financial were worth $713,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Capital One Financial by 132.5% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,818 shares of the financial services provider's stock valued at $1,450,000 after purchasing an additional 3,886 shares during the period. Kingstone Capital Partners Texas LLC boosted its holdings in Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock valued at $24,988,129,000 after purchasing an additional 117,427,549 shares during the period. IFM Investors Pty Ltd increased its position in shares of Capital One Financial by 64.8% during the second quarter. IFM Investors Pty Ltd now owns 131,256 shares of the financial services provider's stock worth $27,926,000 after purchasing an additional 51,618 shares in the last quarter. Grove Bank & Trust increased its position in Capital One Financial by 43.5% during the 2nd quarter. Grove Bank & Trust now owns 1,396 shares of the financial services provider's stock worth $297,000 after purchasing an additional 423 shares during the period. Finally, Cypress Financial Planning LLC purchased a new stake in Capital One Financial in the 2nd quarter valued at approximately $4,851,000. Institutional investors own 89.84% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Cowen upgraded 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. Citigroup upped their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research note on Friday, August 1st. They issued a "buy" rating and a $290.00 target price for the company. Keefe, Bruyette & Woods upped their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. increased their target price on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $239.44.

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the business'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 directly owned 100,486 shares in the company, valued at approximately $22,448,572.40. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,298 shares of company stock valued at $4,679,844. Company insiders own 1.26% of the company's stock.

Capital One Financial Stock Down 0.7%

NYSE COF traded down $1.61 during trading hours on Friday, reaching $228.13. 4,825,233 shares of the company's stock were exchanged, compared to its average volume of 2,843,086. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The company's 50-day moving average is $218.68 and its two-hundred day moving average is $197.67. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $145.89 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter in the previous year, the company posted $3.14 EPS. The firm's revenue was up 31.4% compared to the same quarter last year. On average, analysts forecast 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. Stockholders of record on Friday, August 15th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is currently 123.08%.

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.