Trust Co. of Vermont Invests $3.88 Million in Capital One Financial Corporation $COF

Trust Co. of Vermont acquired a new stake in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 19,357 shares of the financial services provider’s stock, valued at approximately $3,883,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in Capital One Financial in the fourth quarter valued at $2,089,803,000. Viking Global Investors LP raised its holdings in shares of Capital One Financial by 30.3% in the 3rd quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock valued at $1,570,649,000 after purchasing an additional 1,717,148 shares during the period. Bessemer Group Inc. lifted its stake in Capital One Financial by 7,143.2% in the 4th quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock valued at $350,966,000 after purchasing an additional 1,428,133 shares during the last quarter. AQR Capital Management LLC lifted its stake in Capital One Financial by 64.9% in the 4th quarter. AQR Capital Management LLC now owns 3,366,692 shares of the financial services provider’s stock valued at $815,951,000 after purchasing an additional 1,324,845 shares during the last quarter. Finally, Amundi grew its holdings in Capital One Financial by 41.5% during the first quarter. Amundi now owns 3,067,354 shares of the financial services provider’s stock worth $559,577,000 after purchasing an additional 899,409 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

COF opened at $221.77 on Tuesday. The business has a fifty day simple moving average of $205.76 and a 200 day simple moving average of $198.08. The company has a market capitalization of $136.05 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter last year, the business earned $5.48 EPS. The company’s quarterly revenue was up 26.9% compared to the same quarter last year. Research analysts expect that Capital One Financial Corporation will post 20.19 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the sale, the general counsel owned 90,194 shares of the company’s stock, valued at $18,760,352. The trade was a 3.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the transaction, the insider owned 26,328 shares in the company, valued at approximately $5,523,087.84. The trade was a 26.98% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 22,186 shares of company stock valued at $4,697,301 in the last three months. 0.78% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Piper Sandler started coverage on Capital One Financial in a research note on Monday, June 29th. They issued an “overweight” rating and a $254.00 price objective on the stock. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $226.00 to $229.00 in a research note on Sunday, July 12th. Bank of America decreased their price objective on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Rothschild & Co Redburn dropped their price objective on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, Argus reduced their target price on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $259.36.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.