Newport Trust Company LLC Sells 73,553 Shares of Capital One Financial Co. (NYSE:COF)

Newport Trust Company LLC cut its position in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 2.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,786,076 shares of the financial services provider's stock after selling 73,553 shares during the quarter. Capital One Financial accounts for 1.0% of Newport Trust Company LLC's portfolio, making the stock its 20th largest position. Newport Trust Company LLC owned about 0.73% of Capital One Financial worth $385,732,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in shares of Capital One Financial in the fourth quarter worth $2,299,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Capital One Financial by 21.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider's stock worth $4,093,000 after acquiring an additional 4,840 shares during the period. Twin Tree Management LP boosted its position in Capital One Financial by 5.6% during the 1st quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider's stock worth $10,200,000 after acquiring an additional 3,609 shares during the period. Clear Harbor Asset Management LLC purchased a new position in Capital One Financial during the 2nd quarter valued at about $511,000. Finally, QRG Capital Management Inc. increased its holdings in shares of Capital One Financial by 3.2% in the 2nd quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider's stock valued at $16,927,000 after purchasing an additional 3,776 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on COF shares. Bank of America boosted their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Evercore ISI lowered their price target on shares of Capital One Financial from $155.00 to $154.00 and set an "in-line" rating on the stock in a report on Tuesday, June 25th. Jefferies Financial Group upgraded Capital One Financial from a "hold" rating to a "buy" rating and increased their price objective for the stock from $145.00 to $165.00 in a report on Thursday, June 6th. Royal Bank of Canada restated a "sector perform" rating and issued a $150.00 target price on shares of Capital One Financial in a research note on Thursday, July 25th. Finally, Citigroup began coverage on Capital One Financial in a research note on Friday. They set a "buy" rating and a $190.00 price target for the company. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Capital One Financial presently has a consensus rating of "Hold" and an average price target of $147.21.

Insiders Place Their Bets

In other news, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the sale, the insider now directly owns 73,734 shares of the company's stock, valued at $11,060,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Kevin S. Borgmann sold 61,532 shares of the business's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the transaction, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of the firm's stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the sale, the insider now owns 73,734 shares of the company's stock, valued at approximately $11,060,100. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

Capital One Financial Stock Performance

Shares of NYSE COF traded down $0.77 during trading hours on Friday, hitting $152.28. 3,306,544 shares of the stock were exchanged, compared to its average volume of 2,494,014. Capital One Financial Co. has a one year low of $88.23 and a one year high of $153.36. The company's 50 day moving average is $142.56 and its 200 day moving average is $140.88. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $57.90 billion, a P/E ratio of 11.92, a P/E/G ratio of 1.08 and a beta of 1.44.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.28 by ($0.14). The firm had revenue of $9.51 billion for the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The firm's revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $3.52 earnings per share. On average, research analysts expect that Capital One Financial Co. will post 13.1 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial's dividend payout ratio (DPR) is currently 18.79%.

Capital One Financial Company 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.