Heartland Bank & Trust Co Takes Position in Capital One Financial Corporation $COF

Heartland Bank & Trust Co purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 968 shares of the financial services provider’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. NorthRock Partners LLC increased its holdings in shares of Capital One Financial by 156.1% during the second quarter. NorthRock Partners LLC now owns 12,156 shares of the financial services provider’s stock valued at $2,586,000 after acquiring an additional 7,409 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Capital One Financial by 23.7% during the second quarter. Verdence Capital Advisors LLC now owns 4,244 shares of the financial services provider’s stock valued at $903,000 after acquiring an additional 812 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in shares of Capital One Financial by 15.7% during the second quarter. Atria Wealth Solutions Inc. now owns 13,319 shares of the financial services provider’s stock valued at $2,840,000 after acquiring an additional 1,803 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Capital One Financial by 290.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 36,222 shares of the financial services provider’s stock valued at $7,707,000 after acquiring an additional 26,940 shares in the last quarter. Finally, Kintegral Advisory LLC increased its holdings in shares of Capital One Financial by 165.6% during the second quarter. Kintegral Advisory LLC now owns 8,776 shares of the financial services provider’s stock valued at $1,867,000 after acquiring an additional 5,472 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on COF. Evercore ISI increased their price objective on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Citigroup increased their price objective on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. The Goldman Sachs Group dropped their price objective on Capital One Financial from $276.00 to $266.00 and set a “buy” rating on the stock in a research report on Friday, October 3rd. Robert W. Baird increased their price objective on Capital One Financial from $240.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. Finally, Redburn Atlantic raised Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $252.78.

Insider Buying and Selling

In other news, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares of the company’s stock, valued at $15,655,577.02. The trade was a 12.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial 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 sale, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock valued at $5,103,824 in the last 90 days. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Trading Up 3.1%

Shares of NYSE:COF opened at $214.08 on Wednesday. The stock has a market capitalization of $136.91 billion, a price-to-earnings ratio of 109.78, a PEG ratio of 0.76 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s 50-day simple moving average is $219.00 and its two-hundred day simple moving average is $202.75. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. During the same period in the previous year, the firm earned $3.14 earnings per share. The firm’s quarterly revenue was up 31.4% on a year-over-year basis. Analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given 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 of this dividend was Friday, August 15th. Capital One Financial’s payout ratio is presently 123.08%.

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.