Trust Asset Management LLC Raises Holdings in Capital One Financial Corporation $COF

Key Points

• Trust Asset Management LLC increased its stake in Capital One Financial by 67.4% in the second quarter, bringing its holdings to $1,567,000.
• Capital One Financial reported $5.48 earnings per share (EPS), exceeding analyst estimates of $1.93, with a revenue of $12.49 billion, reflecting a 31.4% year-over-year increase.
• Capital One announced a quarterly dividend of $0.60, resulting in an annualized dividend yield of 1.1%, despite a high dividend payout ratio of 123.08%.

Trust Asset Management LLC lifted its stake in Capital One Financial Corporation (NYSE:COF) by 67.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,363 shares of the financial services provider's stock after purchasing an additional 2,965 shares during the quarter. Trust Asset Management LLC's holdings in Capital One Financial were worth $1,567,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of COF. Moisand Fitzgerald Tamayo LLC raised its holdings in shares of Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock worth $26,000 after buying an additional 62 shares during the last quarter. Olistico Wealth LLC raised its holdings in shares of Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock worth $26,000 after buying an additional 101 shares during the last quarter. RMG Wealth Management LLC purchased a new position in shares of Capital One Financial in the second quarter worth $27,000. Signature Resources Capital Management LLC purchased a new position in shares of Capital One Financial in the second quarter worth $28,000. Finally, WPG Advisers LLC purchased a new position in shares of Capital One Financial in the first quarter worth $25,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Down 0.2%

COF stock opened at $213.39 on Wednesday. The firm has a market cap of $136.46 billion, a PE ratio of 109.43, a P/E/G ratio of 0.79 and a beta of 1.18. 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 firm's fifty day moving average is $219.29 and its 200 day moving average is $201.70. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45.

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

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given 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 (DPR) is 123.08%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on COF. JPMorgan Chase & Co. decreased their price target on shares of Capital One Financial from $248.00 to $235.00 and set a "neutral" rating for the company in a report on Tuesday. TD Cowen raised their target price on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a "buy" rating in a report on Monday. Weiss Ratings reissued a "hold (c-)" rating on shares of Capital One Financial in a report on Saturday, September 27th. Citigroup raised their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, Capital One Financial currently has an average rating of "Moderate Buy" and a consensus target price of $250.44.

Insider Activity at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of Capital One Financial 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 sale, the insider owned 27,364 shares in the company, valued at $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial 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 sale, 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 disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock worth $5,103,824 in the last ninety days. 1.26% of the stock is owned by company insiders.

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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