Burke & Herbert Bank & Trust Co. Acquires 1,470 Shares of Capital One Financial Co. (NYSE:COF)

Burke & Herbert Bank & Trust Co. raised its holdings in Capital One Financial Co. (NYSE:COF) by 19.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,926 shares of the financial services provider’s stock after purchasing an additional 1,470 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in Capital One Financial were worth $1,336,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Research Global Investors boosted its stake in Capital One Financial by 72.8% in the 1st quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock worth $3,145,761,000 after purchasing an additional 8,900,241 shares during the period. Eminence Capital LP purchased a new stake in shares of Capital One Financial in the second quarter worth about $127,465,000. Clearbridge Investments LLC boosted its position in shares of Capital One Financial by 18.8% in the first quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock valued at $517,184,000 after acquiring an additional 549,665 shares during the period. International Assets Investment Management LLC grew its stake in Capital One Financial by 123.4% during the second quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock valued at $107,016,000 after acquiring an additional 427,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Capital One Financial by 1,518.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 412,355 shares of the financial services provider’s stock worth $61,742,000 after acquiring an additional 386,870 shares during the period. Institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the subject of several analyst reports. Citigroup assumed coverage on shares of Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 price target for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $150.00 price objective on shares of Capital One Financial in a research note on Thursday, July 25th. Robert W. Baird upped their target price on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday. Bank of America raised their price target on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Evercore ISI cut their price objective on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating for the company in a report on Monday, October 7th. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $151.83.

Capital One Financial Trading Up 7.6 %

Shares of COF traded up $11.70 during trading hours on Friday, hitting $164.96. The company had a trading volume of 1,705,715 shares, compared to its average volume of 2,445,494. Capital One Financial Co. has a 52-week low of $89.08 and a 52-week high of $167.62. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The stock’s 50 day moving average price is $147.07 and its 200 day moving average price is $142.68. The firm has a market cap of $62.72 billion, a P/E ratio of 12.97, a P/E/G ratio of 1.22 and a beta of 1.44.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.81. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. Capital One Financial’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $4.45 EPS. On average, research analysts predict that Capital One Financial Co. will post 12.87 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a dividend of $0.60 per share. The ex-dividend date was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a yield of 1.45%. Capital One Financial’s dividend payout ratio is currently 18.79%.

Insiders Place Their Bets

In other news, insider Frank G. LapradeIii sold 15,751 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the completion of the transaction, the insider now directly owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the sale, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Frank G. LapradeIii sold 15,751 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the transaction, the insider now directly owns 44,711 shares in the company, valued at approximately $7,153,760. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

About Capital One Financial

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.