Summit Wealth Group LLC Co. raised its position in shares of Capital One Financial Corporation (NYSE:COF – Free Report) by 212.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,066 shares of the financial services provider’s stock after purchasing an additional 3,446 shares during the quarter. Summit Wealth Group LLC Co.’s holdings in Capital One Financial were worth $978,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of COF. State Street Corp increased its holdings in shares of Capital One Financial by 107.9% in the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock valued at $11,491,259,000 after acquiring an additional 29,724,829 shares during the last quarter. BlackRock Inc. raised its position in shares of Capital One Financial by 0.5% during the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock valued at $10,242,628,000 after acquiring an additional 236,643 shares in the last quarter. Bank of America Corp DE bought a new position in Capital One Financial during the second quarter worth $1,435,311,000. Wellington Management Group LLP lifted its stake in Capital One Financial by 36.2% during the second quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider’s stock worth $1,426,029,000 after purchasing an additional 1,887,497 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Capital One Financial by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider’s stock worth $1,127,733,000 after purchasing an additional 187,532 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.
Analyst Ratings Changes
COF has been the subject of several recent research reports. UBS Group lowered their target price on shares of Capital One Financial from $280.00 to $274.00 and set a “buy” rating for the company in a research note on Monday. Bank of America dropped their target price on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Barclays raised their price target on shares of Capital One Financial from $237.00 to $238.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Piper Sandler lifted their price target on shares of Capital One Financial from $260.00 to $269.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Finally, Morgan Stanley lowered their price objective on shares of Capital One Financial from $273.00 to $267.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Twenty equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $256.50.
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Capital One Financial Price Performance
NYSE COF opened at $208.70 on Wednesday. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week 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 stock has a market cap of $128.03 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 0.96 and a beta of 1.10. The company has a 50-day moving average price of $204.37 and a two-hundred day moving average price of $201.38.
Capital One Financial (NYSE:COF – Get Free Report) last announced its quarterly earnings results 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 company had revenue of $16.31 billion for the quarter, compared to analyst estimates of $16.25 billion. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. Capital One Financial’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $5.95 earnings per share. Analysts forecast that Capital One Financial Corporation will post 21.53 EPS for the current year.
Insiders Place Their Bets
In related news, insider Lia Dean sold 2,193 shares of Capital One Financial stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $225.52, for a total transaction of $494,565.36. Following the sale, the insider directly owned 63,261 shares in the company, valued at $14,266,620.72. The trade was a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard D. Fairbank sold 90,743 shares of the company’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $202.86, for a total transaction of $18,408,124.98. Following the completion of the sale, the chief executive officer directly owned 4,018,520 shares of the company’s stock, valued at $815,196,967.20. The trade was a 2.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 115,194 shares of company stock worth $23,546,209. 0.78% of the stock is owned by company insiders.
About Capital One Financial
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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