Fonville Wealth Management LLC acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF – Free Report) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 6,964 shares of the financial services provider’s stock, valued at approximately $1,345,000.
Several other hedge funds have also recently modified their holdings of the stock. Compass Wealth Management LLC acquired a new stake in Capital One Financial in the 3rd quarter worth approximately $25,000. Solstein Capital LLC purchased a new stake in Capital One Financial during the 2nd quarter worth approximately $26,000. Ballast Advisors LLC purchased a new stake in Capital One Financial during the 1st quarter worth approximately $27,000. Gilpin Wealth Management LLC acquired a new position in Capital One Financial during the 3rd quarter valued at approximately $27,000. Finally, Frazier Financial Advisors LLC acquired a new position in Capital One Financial during the 1st quarter valued at approximately $29,000. Institutional investors and hedge funds own 89.84% of the company’s stock.
Insider Buying and Selling
In other Capital One Financial news, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the transaction, the insider owned 27,992 shares in the company, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Richard D. Fairbank sold 90,743 shares of the business’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $202.86, for a total value of $18,408,124.98. Following the completion of the transaction, the chief executive officer directly owned 4,018,520 shares of the company’s stock, valued at approximately $815,196,967.20. This trade represents a 2.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 115,194 shares of company stock valued at $23,546,209 in the last 90 days. 0.78% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of research firms have issued reports on COF. Morgan Stanley decreased their price target on shares of Capital One Financial from $273.00 to $267.00 and set an “overweight” rating for the company in a report on Monday, October 12th. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on shares of Capital One Financial in a report on Thursday, August 20th. Citigroup upped their target price on Capital One Financial from $280.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Wolfe Research raised their target price on Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Finally, HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $226.00 to $229.00 in a research note on Sunday, July 12th. Twenty investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and an average target price of $256.77.
Check Out Our Latest Stock Report on Capital One Financial
Capital One Financial Stock Performance
COF opened at $208.70 on Friday. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $128.03 billion, a PE ratio of 12.32, a P/E/G ratio of 0.94 and a beta of 1.04. The firm has a 50 day moving average of $204.82 and a two-hundred day moving average of $201.76.
Capital One Financial (NYSE:COF – Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, beating the consensus estimate of $5.53 by $1.16. The business had revenue of $16.31 billion for the quarter, compared to the consensus estimate of $16.25 billion. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $5.95 EPS. On average, analysts anticipate that Capital One Financial Corporation will post 21.45 EPS for the current year.
Capital One Financial Profile
Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.
Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.
The company primarily serves customers in the United States through digital channels, branches and other distribution networks.
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