Capital One Financial Co. (NYSE:COF) Shares Acquired by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. boosted its stake in shares of Capital One Financial Co. (NYSE:COF) by 14.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,220 shares of the financial services provider’s stock after acquiring an additional 278 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Capital One Financial were worth $398,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in COF. Vanguard Group Inc. grew its holdings in Capital One Financial by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider’s stock valued at $5,660,736,000 after purchasing an additional 234,863 shares during the period. Franklin Resources Inc. increased its stake in shares of Capital One Financial by 3.2% in the 4th quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider’s stock worth $1,911,387,000 after acquiring an additional 331,595 shares during the last quarter. Geode Capital Management LLC increased its position in Capital One Financial by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider’s stock worth $1,467,393,000 after purchasing an additional 207,427 shares during the last quarter. FMR LLC raised its position in shares of Capital One Financial by 21.6% during the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock valued at $1,440,449,000 after buying an additional 1,436,935 shares during the period. Finally, Northern Trust Corp raised its position in Capital One Financial by 21.8% in the fourth quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider’s stock valued at $790,564,000 after purchasing an additional 793,765 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Capital One Financial from $198.00 to $170.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. BTIG Research upgraded Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 price objective for the company in a research note on Tuesday, March 25th. Truist Financial increased their target price on Capital One Financial from $215.00 to $225.00 and gave the company a “buy” rating in a report on Friday, April 25th. Evercore ISI upgraded shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price target on the stock in a research note on Wednesday, March 12th. Finally, Wells Fargo & Company upped their target price on 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 analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $210.64.

Insider Activity

In other news, insider Michael Zamsky sold 9,560 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 20,089 shares in the company, valued at $4,005,746.60. This represents a 32.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ann F. Hackett sold 1,658 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the transaction, the director now owns 56,244 shares in the company, valued at $11,175,682.80. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Capital One Financial Trading Up 1.1%

NYSE COF opened at $201.08 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $181.83 and a 200 day moving average price of $185.26. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $210.67. The stock has a market capitalization of $77.04 billion, a P/E ratio of 17.35, a P/E/G ratio of 1.19 and a beta of 1.13.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. Equities research analysts expect that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 1.19%. Capital One Financial’s dividend payout ratio is presently 20.15%.

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.