Smithfield Trust Co Buys 865 Shares of Capital One Financial Corporation $COF

Smithfield Trust Co grew its stake in Capital One Financial Corporation (NYSE:COF) by 64.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,199 shares of the financial services provider’s stock after buying an additional 865 shares during the quarter. Smithfield Trust Co’s holdings in Capital One Financial were worth $469,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in COF. Moisand Fitzgerald Tamayo LLC raised 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 valued at $26,000 after purchasing an additional 62 shares during the period. Olistico Wealth LLC boosted its holdings in shares of Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after buying an additional 101 shares during the period. Atlantic Edge Private Wealth Management LLC grew its stake in Capital One Financial by 66.7% in the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock valued at $27,000 after buying an additional 50 shares during the last quarter. RMG Wealth Management LLC acquired a new position in Capital One Financial in the 2nd quarter valued at $27,000. Finally, Solstein Capital LLC bought a new position in Capital One Financial in the 2nd quarter worth $28,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Down 2.5%

COF opened at $216.65 on Friday. The company has a market capitalization of $137.73 billion, a P/E ratio of 91.41, a P/E/G ratio of 0.70 and a beta of 1.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The firm’s fifty day moving average price is $218.92 and its two-hundred day moving average price is $210.58. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. The company had revenue of $15.46 billion during the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. On average, analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is presently 135.02%.

Insider Buying and Selling

In other news, insider Neal Blinde sold 43,200 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $221.83, for a total value of $9,583,056.00. Following the completion of the transaction, the insider directly owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. This represents a 37.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the transaction, the chief accounting officer owned 8,780 shares of the company’s stock, valued at $1,891,299.80. This trade represents a 2.30% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 256,380 shares of company stock valued at $57,129,478. 1.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada raised their price target on Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 23rd. UBS Group dropped their price target on Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Rothschild & Co Redburn began coverage on shares of Capital One Financial in a research note on Friday, August 1st. They issued a “buy” rating and a $290.00 price objective on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Capital One Financial in a research note on Wednesday, October 8th. Finally, TD Cowen raised their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $261.63.

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.