Newport Trust Co Acquires 58,408 Shares of Capital One Financial Corp. (COF)

Newport Trust Co boosted its position in shares of Capital One Financial Corp. (NYSE:COF) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,310,335 shares of the financial services provider’s stock after purchasing an additional 58,408 shares during the quarter. Capital One Financial comprises about 0.9% of Newport Trust Co’s portfolio, making the stock its 14th biggest position. Newport Trust Co owned 0.68% of Capital One Financial worth $304,220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in Capital One Financial by 42.5% during the 4th quarter. LPL Financial LLC now owns 10,065 shares of the financial services provider’s stock worth $1,002,000 after purchasing an additional 3,001 shares during the period. Gotham Asset Management LLC increased its holdings in Capital One Financial by 108.8% during the 4th quarter. Gotham Asset Management LLC now owns 6,752 shares of the financial services provider’s stock worth $672,000 after purchasing an additional 3,518 shares during the period. IFM Investors Pty Ltd increased its holdings in Capital One Financial by 11.3% during the 1st quarter. IFM Investors Pty Ltd now owns 14,979 shares of the financial services provider’s stock worth $1,435,000 after purchasing an additional 1,516 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Capital One Financial by 10.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,556,204 shares of the financial services provider’s stock worth $149,115,000 after purchasing an additional 144,572 shares during the period. Finally, Employees Retirement System of Texas increased its holdings in shares of Capital One Financial by 57.7% in the 1st quarter. Employees Retirement System of Texas now owns 41,000 shares of the financial services provider’s stock valued at $3,929,000 after acquiring an additional 15,000 shares during the period. Institutional investors own 90.16% of the company’s stock.

Shares of Capital One Financial traded down $1.52, hitting $96.10, on Friday, MarketBeat Ratings reports. The company had a trading volume of 1,810,873 shares, compared to its average volume of 2,789,416. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.06. Capital One Financial Corp. has a twelve month low of $76.98 and a twelve month high of $106.50. The stock has a market cap of $46.70 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 0.83 and a beta of 1.30.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Thursday, July 19th. The financial services provider reported $3.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.63 by $0.59. Capital One Financial had a return on equity of 10.44% and a net margin of 10.73%. The firm had revenue of $7.19 billion during the quarter, compared to analyst estimates of $6.95 billion. During the same quarter in the previous year, the business earned $1.96 EPS. Capital One Financial’s revenue for the quarter was up 7.3% compared to the same quarter last year. sell-side analysts anticipate that Capital One Financial Corp. will post 11.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 16th. Investors of record on Monday, August 6th will be paid a $0.40 dividend. The ex-dividend date is Friday, August 3rd. This represents a $1.60 annualized dividend and a dividend yield of 1.66%. Capital One Financial’s dividend payout ratio is presently 20.54%.

In related news, insider Kevin S. Borgmann sold 4,860 shares of Capital One Financial stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $95.00, for a total value of $461,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael J. Wassmer sold 1,787 shares of Capital One Financial stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $98.00, for a total value of $175,126.00. Following the completion of the transaction, the insider now owns 84,045 shares of the company’s stock, valued at approximately $8,236,410. The disclosure for this sale can be found here. In the last 90 days, insiders sold 311,511 shares of company stock valued at $30,857,592. 1.73% of the stock is owned by company insiders.

A number of analysts have recently weighed in on COF shares. Piper Jaffray Companies raised Capital One Financial from a “neutral” rating to an “overweight” rating in a research report on Thursday, June 14th. Morgan Stanley raised their price objective on Capital One Financial from $104.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Friday, July 20th. Oppenheimer set a $116.00 price objective on Capital One Financial and gave the stock a “buy” rating in a research report on Thursday, July 19th. Credit Suisse Group raised Capital One Financial from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $110.00 to $120.00 in a research report on Monday, July 2nd. Finally, BMO Capital Markets lowered their price objective on Capital One Financial from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Wednesday, April 25th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company. Capital One Financial has a consensus rating of “Buy” and a consensus price target of $110.90.

Capital One Financial Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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