First Citizens Bank & Trust Co. Increases Stock Holdings in Capital One Financial Corporation $COF

First Citizens Bank & Trust Co. increased its holdings in Capital One Financial Corporation (NYSE:COF) by 310.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,110 shares of the financial services provider’s stock after acquiring an additional 6,890 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Capital One Financial were worth $1,938,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. WPG Advisers LLC bought a new position in Capital One Financial in the first quarter worth $25,000. Moisand Fitzgerald Tamayo LLC raised its holdings in 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 worth $26,000 after purchasing an additional 62 shares in the last quarter. Olistico Wealth LLC raised its holdings in Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 101 shares in the last quarter. Saudi Central Bank bought a new position in Capital One Financial in the first quarter worth $27,000. Finally, RMG Wealth Management LLC bought a new position in Capital One Financial in the second quarter worth $27,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Activity

In other news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares of the company’s stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at approximately $1,889,786.36. The trade was a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,184 shares of company stock valued at $2,799,248 in the last ninety days. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Trading Down 0.2%

Shares of NYSE:COF opened at $219.94 on Friday. The stock has a market capitalization of $140.65 billion, a price-to-earnings ratio of 92.80, a PEG ratio of 0.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.03. The stock’s 50-day simple moving average is $219.19 and its two-hundred day simple moving average is $204.75. 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 announced its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $1.70. The business had revenue of $15.36 billion for the quarter, compared to analysts’ expectations of $15.06 billion. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The business’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same period last year, the firm posted $4.51 earnings per share. Analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is presently 123.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wells Fargo & Company increased their price objective on Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Wolfe Research increased their price objective on Capital One Financial from $260.00 to $262.00 and gave the stock an “outperform” rating in a report on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Capital One Financial in a report on Wednesday, October 8th. Redburn Atlantic upgraded Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. Finally, The Goldman Sachs Group raised their price target on Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $260.79.

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.