Country Trust Bank Takes Position in Capital One Financial Co. (NYSE:COF)

Country Trust Bank bought a new position in Capital One Financial Co. (NYSE:COF) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 500 shares of the financial services provider’s stock, valued at approximately $69,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Capital One Financial by 0.7% during the first quarter. Vanguard Group Inc. now owns 30,893,408 shares of the financial services provider’s stock worth $4,599,720,000 after acquiring an additional 226,720 shares during the last quarter. Capital Research Global Investors increased its stake in Capital One Financial by 72.8% during the first quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock worth $3,145,761,000 after acquiring an additional 8,900,241 shares during the last quarter. Capital World Investors increased its stake in Capital One Financial by 2.1% during the fourth quarter. Capital World Investors now owns 14,991,564 shares of the financial services provider’s stock worth $1,965,761,000 after acquiring an additional 311,696 shares during the last quarter. Pzena Investment Management LLC increased its stake in Capital One Financial by 1.6% during the fourth quarter. Pzena Investment Management LLC now owns 7,751,043 shares of the financial services provider’s stock worth $1,016,317,000 after acquiring an additional 124,055 shares during the last quarter. Finally, Clearbridge Investments LLC increased its stake in Capital One Financial by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock worth $517,184,000 after acquiring an additional 549,665 shares during the last quarter. 89.84% of the stock is owned by institutional investors.

Capital One Financial Price Performance

NYSE COF traded up $0.44 on Friday, hitting $134.81. The company had a trading volume of 1,325,962 shares, compared to its average volume of 2,546,694. The company has a market capitalization of $51.25 billion, a PE ratio of 10.56, a PEG ratio of 1.13 and a beta of 1.45. The company’s fifty day moving average price is $139.74 and its 200-day moving average price is $139.65. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial Co. has a 12-month low of $88.23 and a 12-month high of $153.35.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.14). The company had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. Capital One Financial’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.52 EPS. As a group, analysts predict that Capital One Financial Co. will post 13.17 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 12th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Monday, August 12th. Capital One Financial’s payout ratio is presently 18.79%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on COF. Bank of America upped their target price on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Evercore ISI cut their target price on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. BTIG Research began coverage on Capital One Financial in a research note on Friday, June 7th. They set a “neutral” rating on the stock. Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. Finally, JPMorgan Chase & Co. upped their target price on Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Capital One Financial has an average rating of “Hold” and a consensus price target of $145.89.

Insider Buying and Selling

In other news, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the sale, the chief executive officer now owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the sale, the insider now owns 73,734 shares of the company’s stock, valued at $11,060,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the transaction, the chief executive officer now directly owns 40,934 shares in the company, valued at approximately $5,438,491.24. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

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.