CNB Bank Has $167,000 Holdings in Capital One Financial Corporation $COF

CNB Bank grew its holdings in Capital One Financial Corporation (NYSE:COF) by 108.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 784 shares of the financial services provider’s stock after purchasing an additional 407 shares during the quarter. CNB Bank’s holdings in Capital One Financial were worth $167,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Capital One Financial by 18.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider’s stock valued at $10,010,000 after acquiring an additional 9,374 shares during the last quarter. Plancorp LLC bought a new stake in Capital One Financial in the second quarter valued at about $272,000. Creative Financial Designs Inc. ADV lifted its stake in Capital One Financial by 105.3% in the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider’s stock valued at $138,000 after buying an additional 394 shares during the period. Private Advisor Group LLC boosted its holdings in Capital One Financial by 15.3% during the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock worth $1,776,000 after buying an additional 1,312 shares during the last quarter. Finally, Mutual Advisors LLC acquired a new position in shares of Capital One Financial during the 1st quarter worth about $215,000. 89.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Michael Zamsky sold 5,515 shares of the firm’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 transaction of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares of the company’s stock, valued at $5,735,220.76. This trade represents a 16.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of the business’s stock in a transaction 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 sale, the chief accounting officer directly owned 8,987 shares in the company, valued at approximately $1,889,786.36. This represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,184 shares of company stock valued at $2,799,248 in the last quarter. 1.26% of the stock is currently owned by insiders.

Capital One Financial Trading Up 2.2%

COF opened at $224.93 on Friday. The stock has a market capitalization of $143.85 billion, a P/E ratio of 94.91, a P/E/G ratio of 0.78 and a beta of 1.18. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The firm’s fifty day simple moving average is $219.38 and its 200 day simple moving average is $205.63.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $1.70. The firm had revenue of $15.36 billion for the quarter, compared to the consensus estimate of $15.06 billion. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The company’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same quarter last year, the business posted $4.51 EPS. As a group, research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a $0.60 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial’s payout ratio is presently 101.27%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on COF. Deutsche Bank Aktiengesellschaft increased their price target on shares of Capital One Financial from $215.00 to $224.00 and gave the company a “hold” rating in a research report on Thursday, October 2nd. Evercore ISI increased their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. HSBC boosted their price target on shares of Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a report on Thursday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Capital One Financial in a research note on Friday. Finally, Truist Financial boosted their target price on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $260.79.

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.