Whittier Trust Co. of Nevada Inc. Increases Stock Holdings in Capital One Financial Corporation $COF

Key Points

• Whittier Trust Co. of Nevada Inc. increased its holdings in Capital One Financial Corporation by 4.9%, now owning 41,043 shares valued at $8.73 million.
• Analysts have mixed views on Capital One Financial, with price targets varying; Morgan Stanley raised theirs to $267, while JPMorgan cut theirs to $235.
• Capital One Financial recently declared a quarterly dividend of $0.60 per share, yielding 1.1%, despite a payout ratio currently at 123.08%.

Whittier Trust Co. of Nevada Inc. increased its holdings in Capital One Financial Corporation (NYSE:COF) by 4.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,043 shares of the financial services provider's stock after acquiring an additional 1,921 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Capital One Financial were worth $8,732,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in 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 buying an additional 10,428 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Capital One Financial by 18.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 31,129 shares of the financial services provider's stock valued at $5,582,000 after acquiring an additional 4,899 shares in the last quarter. Johnson Investment Counsel Inc. increased its holdings in Capital One Financial by 7.4% in the 1st quarter. Johnson Investment Counsel Inc. now owns 1,456 shares of the financial services provider's stock worth $261,000 after buying an additional 100 shares in the last quarter. PFG Investments LLC increased its holdings in Capital One Financial by 18.1% in the 1st quarter. PFG Investments LLC now owns 1,644 shares of the financial services provider's stock worth $295,000 after buying an additional 252 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in Capital One Financial in the 1st quarter worth about $3,586,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Morgan Stanley lifted their price objective on Capital One Financial from $261.00 to $267.00 and gave the stock an "overweight" rating in a report on Monday, September 29th. JPMorgan Chase & Co. reduced their price objective on Capital One Financial from $248.00 to $235.00 and set a "neutral" rating for the company in a report on Tuesday, October 7th. UBS Group reduced their price objective on Capital One Financial from $270.00 to $266.00 and set a "buy" rating for the company in a report on Tuesday, October 7th. Keefe, Bruyette & Woods lifted their price objective on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada lifted their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $252.78.

Capital One Financial Trading Up 1.7%

Capital One Financial stock opened at $214.98 on Tuesday. The business has a 50-day simple moving average of $219.15 and a two-hundred day simple moving average of $204.10. The company has a market cap of $137.48 billion, a P/E ratio of 110.25, a P/E/G ratio of 0.76 and a beta of 1.18. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating 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. The company's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.14 earnings per share. Analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders 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 was Friday, August 15th. Capital One Financial's payout ratio is currently 123.08%.

Insider Buying and Selling

In related news, CAO Timothy P. Golden sold 3,462 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at approximately $1,889,786.36. The trade was a 27.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction that occurred on 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 transaction, the insider 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,298 shares of company stock valued at $5,103,824. Insiders own 1.26% of the company's stock.

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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