Chevy Chase Trust Holdings LLC Has $31.79 Million Stake in Capital One Financial Co. (NYSE:COF)

Chevy Chase Trust Holdings LLC trimmed its holdings in Capital One Financial Co. (NYSE:COF) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 213,491 shares of the financial services provider’s stock after selling 1,853 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.06% of Capital One Financial worth $31,787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of COF. Norges Bank acquired a new position in shares of Capital One Financial during the fourth quarter worth about $409,831,000. Capital Research Global Investors raised its holdings in Capital One Financial by 16.7% during the fourth quarter. Capital Research Global Investors now owns 12,227,848 shares of the financial services provider’s stock worth $1,603,316,000 after acquiring an additional 1,745,545 shares in the last quarter. National Bank of Canada FI raised its holdings in Capital One Financial by 443.1% during the fourth quarter. National Bank of Canada FI now owns 553,744 shares of the financial services provider’s stock worth $73,150,000 after acquiring an additional 451,789 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in Capital One Financial by 5,968.2% during the fourth quarter. Panagora Asset Management Inc. now owns 418,404 shares of the financial services provider’s stock worth $54,861,000 after acquiring an additional 411,509 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Capital One Financial during the fourth quarter worth about $46,268,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Down 0.7 %

Shares of COF traded down $0.97 during trading hours on Wednesday, hitting $136.02. The stock had a trading volume of 642,226 shares, compared to its average volume of 2,504,844. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00. The firm has a 50 day simple moving average of $138.62 and a 200-day simple moving average of $137.60. The firm has a market capitalization of $51.71 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 1.07 and a beta of 1.45. Capital One Financial Co. has a 1-year low of $88.23 and a 1-year high of $149.94.

Capital One Financial (NYSE:COF) last issued its earnings results on Thursday, April 25th. The financial services provider reported $3.21 EPS for the quarter, missing the consensus estimate of $3.25 by ($0.04). The firm had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.35 billion. Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.31 earnings per share. Sell-side analysts predict that Capital One Financial Co. will post 13.35 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were paid a $0.60 dividend. The ex-dividend date was Friday, May 10th. This represents a $2.40 annualized dividend and a dividend yield of 1.76%. Capital One Financial’s payout ratio is 18.79%.

Wall Street Analysts Forecast Growth

COF has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. increased their target price on Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday. Wolfe Research upgraded Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 target price on the stock in a research note on Thursday, April 4th. BTIG Research began coverage on Capital One Financial in a research note on Friday, June 7th. They set a “neutral” rating on the stock. Finally, Evercore ISI reduced their price target on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $141.35.

Insider Activity

In related news, insider Timothy P. Golden sold 8,656 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the transaction, the insider now directly owns 10,246 shares in the company, valued at $1,475,833.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Celia Karam sold 16,913 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the completion of the transaction, the insider now directly owns 47,081 shares in the company, valued at approximately $6,726,933.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timothy P. Golden sold 8,656 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the transaction, the insider now owns 10,246 shares of the company’s stock, valued at $1,475,833.84. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

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.