Trust Point Inc. Makes New $414,000 Investment in Capital One Financial Corporation $COF

Key Points

• Trust Point Inc. invested approximately $414,000 in Capital One Financial, acquiring 1,945 shares in the second quarter.
• Insider Robert M. Alexander sold 10,114 shares of Capital One at an average price of $227.86, indicating a 12.83% decrease in his ownership of the stock.
• Capital One Financial's recent earnings report showed an EPS of $5.48, significantly surpassing the consensus estimate of $1.93, with a year-over-year revenue growth of 31.4%.

Trust Point Inc. bought a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,945 shares of the financial services provider's stock, valued at approximately $414,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Burns J W & Co. Inc. NY bought a new stake in Capital One Financial in the second quarter valued at about $2,042,000. YHB Investment Advisors Inc. lifted its position in shares of Capital One Financial by 8.5% during the 2nd quarter. YHB Investment Advisors Inc. now owns 16,829 shares of the financial services provider's stock valued at $3,581,000 after acquiring an additional 1,320 shares during the last quarter. Global Financial Private Client LLC grew its holdings in shares of Capital One Financial by 108.1% during the second quarter. Global Financial Private Client LLC now owns 1,432 shares of the financial services provider's stock valued at $305,000 after buying an additional 744 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its holdings in shares of Capital One Financial by 167.6% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 26,123 shares of the financial services provider's stock worth $5,558,000 after acquiring an additional 16,362 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in Capital One Financial by 1.6% during the second quarter. Exchange Traded Concepts LLC now owns 141,081 shares of the financial services provider's stock worth $30,016,000 after buying an additional 2,155 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Insider Activity at Capital One Financial

In related news, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the sale, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the transaction, the general counsel owned 100,486 shares of the company's stock, valued at $22,448,572.40. This represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock valued at $4,679,844 over the last ninety days. Company insiders own 1.26% of the company's stock.

Capital One Financial Stock Down 0.7%

Shares of Capital One Financial stock traded down $1.61 during trading on Friday, hitting $228.13. The company's stock had a trading volume of 4,825,233 shares, compared to its average volume of 2,808,706. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The company has a fifty day simple moving average of $218.68 and a two-hundred day simple moving average of $197.67. The company has a market capitalization of $145.89 billion, a PE ratio of 116.99, a P/E/G ratio of 0.88 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts' consensus estimates 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. Capital One Financial's revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.14 EPS. Equities research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share 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 paid a dividend of $0.60 per share. 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 payout ratio is currently 123.08%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on COF shares. JPMorgan Chase & Co. raised their price target 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. Wall Street Zen lowered shares of Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. 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. Rothschild & Co Redburn began coverage on shares of Capital One Financial in a report on Friday, August 1st. They issued a "buy" rating and a $290.00 price target for the company. Finally, Barclays reaffirmed an "overweight" rating and set a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and an average target price of $239.44.

Capital One Financial Company 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.