First National Bank of Mount Dora Trust Investment Services Reduces Stake in Capital One Financial Co. (NYSE:COF)


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First National Bank of Mount Dora Trust Investment Services cut its holdings in shares of Capital One Financial Co. (NYSE:COF) by 17.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 36,409 shares of the financial services provider’s stock after selling 7,795 shares during the quarter. Capital One Financial comprises 1.6% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 28th biggest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Capital One Financial were worth $4,633,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC increased its stake in shares of Capital One Financial by 15.0% in the fourth quarter. FMR LLC now owns 28,406,881 shares of the financial services provider’s stock worth $2,808,020,000 after acquiring an additional 3,713,495 shares during the period. Aristotle Capital Management LLC grew its position in Capital One Financial by 12.7% during the 4th quarter. Aristotle Capital Management LLC now owns 7,620,508 shares of the financial services provider’s stock worth $753,287,000 after purchasing an additional 861,599 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Capital One Financial by 4.9% during the 4th quarter. Bank of New York Mellon Corp now owns 5,667,661 shares of the financial services provider’s stock valued at $560,249,000 after buying an additional 263,936 shares during the last quarter. Norges Bank acquired a new position in shares of Capital One Financial in the 4th quarter valued at about $467,729,000. Finally, Ontario Teachers Pension Plan Board grew its holdings in Capital One Financial by 59.7% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 2,730,742 shares of the financial services provider’s stock worth $269,934,000 after acquiring an additional 1,020,742 shares during the period. Institutional investors and hedge funds own 89.60% of the company’s stock.

In related news, insider Frank G. LapradeIii sold 39,909 shares of Capital One Financial stock in a transaction on Thursday, March 4th. The shares were sold at an average price of $124.80, for a total transaction of $4,980,643.20. Following the sale, the insider now directly owns 88,676 shares in the company, valued at approximately $11,066,764.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John G. Finneran, Jr. sold 45,527 shares of the business’s stock in a transaction on Monday, March 8th. The shares were sold at an average price of $129.34, for a total transaction of $5,888,462.18. Following the completion of the sale, the insider now directly owns 57,833 shares of the company’s stock, valued at $7,480,120.22. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

Shares of COF traded down $2.21 during midday trading on Thursday, hitting $130.76. 9,915 shares of the stock were exchanged, compared to its average volume of 3,376,996. Capital One Financial Co. has a 52-week low of $49.41 and a 52-week high of $134.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a fifty day simple moving average of $126.29 and a 200 day simple moving average of $100.21. The firm has a market cap of $59.71 billion, a P/E ratio of 66.49, a P/E/G ratio of 1.20 and a beta of 1.72.

Capital One Financial (NYSE:COF) last announced its earnings results on Monday, January 25th. The financial services provider reported $5.29 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $2.44. The company had revenue of $7.34 billion during the quarter, compared to analysts’ expectations of $6.92 billion. Capital One Financial had a return on equity of 3.05% and a net margin of 4.08%. Capital One Financial’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the business posted $2.49 EPS. As a group, equities research analysts forecast that Capital One Financial Co. will post 3.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 1st. Stockholders of record on Wednesday, February 17th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Tuesday, February 16th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.10. Capital One Financial’s dividend payout ratio (DPR) is 13.23%.

A number of brokerages have recently commented on COF. Piper Sandler raised their price objective on shares of Capital One Financial from $148.00 to $154.00 and gave the stock an “overweight” rating in a research note on Thursday. Stephens started coverage on Capital One Financial in a research report on Thursday, December 10th. They set an “equal weight” rating on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on Capital One Financial from $123.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, January 28th. Oppenheimer reiterated a “buy” rating and set a $130.00 target price (up previously from $105.00) on shares of Capital One Financial in a research report on Tuesday, January 19th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Capital One Financial from $89.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 19th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $124.00.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services 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, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

Further Reading: CAC 40 Index

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Co. (NYSE:COF).

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

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