Hunter Associates Investment Management LLC Acquires New Stake in Capital One Financial Corporation $COF

Hunter Associates Investment Management LLC acquired a new stake in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,903 shares of the financial services provider’s stock, valued at approximately $618,000.

Several other institutional investors and hedge funds have also recently modified their holdings of COF. Kingstone Capital Partners Texas LLC grew its stake in Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after purchasing an additional 117,427,549 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new position in Capital One Financial during the 1st quarter worth $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Capital One Financial by 45.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider’s stock worth $838,609,000 after purchasing an additional 1,454,595 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Capital One Financial by 134.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,585,192 shares of the financial services provider’s stock worth $337,265,000 after purchasing an additional 907,803 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Capital One Financial during the 1st quarter worth $141,599,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the subject of several analyst reports. Truist Financial boosted their target price on Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Redburn Atlantic raised Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. HSBC boosted their target price on Capital One Financial from $218.00 to $234.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Wells Fargo & Company boosted their target price on Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Finally, UBS Group lowered their price objective on Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.

Capital One Financial Trading Up 0.6%

NYSE:COF opened at $221.38 on Tuesday. The stock has a 50-day simple moving average of $219.84 and a 200-day simple moving average of $208.52. The stock has a market cap of $141.58 billion, a P/E ratio of 93.41, a P/E/G ratio of 0.70 and a beta of 1.18. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $1.70. The business had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $15.06 billion. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The business’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.51 EPS. As a group, analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Insider Activity at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the sale, the general counsel directly owned 98,486 shares of the company’s stock, valued at $20,878,047.14. This represents a 1.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard D. Fairbank sold 103,486 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $225.68, for a total value of $23,354,720.48. Following the completion of the sale, the chief executive officer directly owned 4,051,228 shares of the company’s stock, valued at approximately $914,281,135.04. This trade represents a 2.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 111,155 shares of company stock valued at $24,998,080 in the last three months. 1.26% of the stock is currently owned by company 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.