Keybank National Association OH Purchases 179,101 Shares of Capital One Financial Corporation $COF

Keybank National Association OH boosted its position in Capital One Financial Corporation (NYSE:COF) by 3,713.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 183,924 shares of the financial services provider’s stock after acquiring an additional 179,101 shares during the period. Keybank National Association OH’s holdings in Capital One Financial were worth $39,132,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in COF. Kingstone Capital Partners Texas LLC boosted its holdings in Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after acquiring an additional 117,427,549 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new position in Capital One Financial in the first quarter valued at about $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Capital One Financial by 45.1% in the first 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 valued at $838,609,000 after acquiring an additional 1,454,595 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Capital One Financial by 23.7% during the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock worth $889,519,000 after buying an additional 950,415 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Capital One Financial by 134.0% during the second quarter. Envestnet Asset Management Inc. now owns 1,585,192 shares of the financial services provider’s stock worth $337,265,000 after buying an additional 907,803 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In related news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard D. Fairbank sold 103,486 shares of Capital One Financial stock in a transaction that occurred on 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 in the company, valued at approximately $914,281,135.04. This represents a 2.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 116,670 shares of company stock worth $26,153,969. Company insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on COF. Truist Financial raised their target price on Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Wolfe Research raised their target price on Capital One Financial from $260.00 to $262.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Rothschild & Co Redburn began coverage on Capital One Financial in a report on Friday, August 1st. They set a “buy” rating and a $290.00 target price on the stock. The Goldman Sachs Group raised their target price on Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Capital One Financial in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and an average price target of $261.63.

Capital One Financial Trading Down 1.2%

NYSE:COF opened at $218.34 on Thursday. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $139.63 billion, a PE ratio of 92.13, a price-to-earnings-growth ratio of 0.71 and a beta of 1.18. The business’s 50-day simple moving average is $219.73 and its 200-day simple moving average is $206.99.

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 for the quarter, beating the consensus estimate of $4.25 by $1.70. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The business had revenue of $15.36 billion for the quarter, compared to analysts’ expectations of $15.06 billion. During the same quarter in the previous year, the business posted $4.51 EPS. Capital One Financial’s revenue for the quarter was up 53.4% on a year-over-year basis. Sell-side analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

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.