Blue Trust Inc. Has $677,000 Position in Capital One Financial Corporation (NYSE:COF)

Blue Trust Inc. raised its position in Capital One Financial Corporation (NYSE:COF) by 22.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,775 shares of the financial services provider’s stock after acquiring an additional 694 shares during the quarter. Blue Trust Inc.’s holdings in Capital One Financial were worth $677,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in COF. Norges Bank acquired a new stake in Capital One Financial in the fourth quarter valued at $590,279,000. Lone Pine Capital LLC acquired a new stake in shares of Capital One Financial during the 4th quarter worth about $577,012,000. Egerton Capital UK LLP acquired a new stake in shares of Capital One Financial during the 4th quarter worth about $279,159,000. FMR LLC lifted its stake in shares of Capital One Financial by 21.6% during the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock worth $1,440,449,000 after buying an additional 1,436,935 shares during the last quarter. Finally, Meritage Group LP acquired a new stake in shares of Capital One Financial during the 4th quarter worth about $227,662,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the sale, the insider now owns 20,089 shares in the company, valued at $4,005,746.60. This trade represents a 32.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Ann F. Hackett sold 1,658 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the sale, the director now owns 56,244 shares in the company, valued at $11,175,682.80. This represents a 2.86% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Capital One Financial Price Performance

COF stock opened at $198.75 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.65. Capital One Financial Corporation has a 12 month low of $128.23 and a 12 month high of $210.67. The firm has a market cap of $76.15 billion, a P/E ratio of 16.69, a P/E/G ratio of 0.96 and a beta of 1.13. The company’s 50-day moving average price is $187.67 and its two-hundred day moving average price is $185.65.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.75 by $0.31. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. On average, analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.21%. The ex-dividend date was Friday, May 23rd. Capital One Financial’s dividend payout ratio is currently 20.15%.

Analyst Ratings Changes

A number of research firms have recently issued reports on COF. Evercore ISI upgraded shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 target price for the company in a research note on Wednesday, March 12th. JPMorgan Chase & Co. cut their target price on shares of Capital One Financial from $198.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Citigroup cut their target price on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Finally, Wells Fargo & Company raised their target price on shares of Capital One Financial from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $210.64.

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.