Capital One Financial Corporation $COF Shares Bought by Midwest Trust Co

Midwest Trust Co boosted its holdings in Capital One Financial Corporation (NYSE:COF) by 570.5% in the 1st quarter, Holdings Channel reports. The firm owned 21,697 shares of the financial services provider’s stock after purchasing an additional 18,461 shares during the period. Midwest Trust Co’s holdings in Capital One Financial were worth $3,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COF. Tompkins Financial Corp lifted its holdings in shares of Capital One Financial by 4.3% during the fourth quarter. Tompkins Financial Corp now owns 977 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 40 shares during the period. Focus Financial Network Inc. boosted its holdings in Capital One Financial by 2.8% during the fourth quarter. Focus Financial Network Inc. now owns 1,570 shares of the financial services provider’s stock worth $380,000 after buying an additional 43 shares in the last quarter. First Command Advisory Services Inc. grew its holdings in shares of Capital One Financial by 4.5% in the 4th quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 46 shares during the period. Stephens Consulting LLC grew its holdings in Capital One Financial by 10.3% in the fourth quarter. Stephens Consulting LLC now owns 504 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 47 shares during the last quarter. Finally, Dogwood Wealth Management LLC grew its stake in Capital One Financial by 26.0% in the 4th quarter. Dogwood Wealth Management LLC now owns 228 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 47 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Celia Karam sold 1,749 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $192.58, for a total transaction of $336,822.42. Following the completion of the transaction, the insider owned 61,579 shares in the company, valued at approximately $11,858,883.82. This trade represents a 2.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the sale, the general counsel directly owned 90,194 shares of the company’s stock, valued at approximately $18,760,352. This represents a 3.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,749 shares of company stock valued at $1,708,577 in the last ninety days. Corporate insiders own 0.78% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Rothschild & Co Redburn dropped their price target on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a research report on Wednesday, June 24th. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and set a $229.00 price objective on the stock in a report on Sunday. Evercore reduced their target price on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. Finally, Piper Sandler initiated coverage on Capital One Financial in a research report on Monday, June 29th. They set an “overweight” rating and a $254.00 price target on the stock. Twenty investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $258.55.

Capital One Financial Stock Down 0.0%

Shares of Capital One Financial stock opened at $201.42 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $125.34 billion, a price-to-earnings ratio of 70.68, a PEG ratio of 0.73 and a beta of 1.02. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The business’s 50 day simple moving average is $191.87 and its 200-day simple moving average is $203.09.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.08 by ($0.66). The firm had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The business’s revenue was up 52.3% compared to the same quarter last year. During the same period last year, the firm posted $4.06 EPS. Equities research analysts forecast that Capital One Financial Corporation will post 19.55 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s payout ratio is 112.28%.

Capital One Financial 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.