Riverview Trust Co Sells 306 Shares of Capital One Financial Corporation $COF

Riverview Trust Co cut its stake in shares of Capital One Financial Corporation (NYSE:COF) by 12.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,230 shares of the financial services provider’s stock after selling 306 shares during the period. Capital One Financial accounts for approximately 0.6% of Riverview Trust Co’s portfolio, making the stock its 27th largest holding. Riverview Trust Co’s holdings in Capital One Financial were worth $474,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Moisand Fitzgerald Tamayo LLC increased its position 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 purchasing an additional 62 shares during the last quarter. Signature Resources Capital Management LLC bought a new position in shares of Capital One Financial in the second quarter worth approximately $28,000. WPG Advisers LLC bought a new position in shares of Capital One Financial in the first quarter worth approximately $25,000. Saudi Central Bank purchased a new stake in Capital One Financial in the first quarter worth $27,000. Finally, First United Bank & Trust purchased a new stake in Capital One Financial in the second quarter worth $32,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Stock Up 0.5%

Shares of COF opened at $213.55 on Thursday. The stock has a market capitalization of $136.57 billion, a price-to-earnings ratio of 109.51, a price-to-earnings-growth ratio of 0.81 and a beta of 1.18. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The business’s 50 day simple moving average is $219.22 and its 200-day simple moving average is $200.32. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) 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 analysts’ expectations of $12.72 billion. The firm’s revenue was up 31.4% on a year-over-year basis. During the same period last year, the company earned $3.14 earnings per share. As a group, equities analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio is presently 123.08%.

Insider Buying and Selling

In related news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the 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 sale, the general counsel owned 100,486 shares in the company, valued at $22,448,572.40. The trade was a 1.95% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

COF has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. raised their price objective 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. Rothschild & Co Redburn initiated coverage on Capital One Financial in a research report on Friday, August 1st. They issued a “buy” rating and a $290.00 price target for the company. Barclays reissued an “overweight” rating and issued a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Finally, Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.29.

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.