Capital One Financial Corporation $COF Stock: Vise Technologies Inc. Boosts Stake

Vise Technologies Inc. raised its stake in shares of Capital One Financial Corporation (NYSE:COF) by 276.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,763 shares of the financial services provider’s stock after buying an additional 60,041 shares during the quarter. Vise Technologies Inc.’s holdings in Capital One Financial were worth $15,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its holdings in 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. Bank of America Corp DE bought a new position in shares of Capital One Financial during the 2nd quarter valued at about $1,435,311,000. Legal & General Group Plc bought a new position in shares of Capital One Financial during the 2nd quarter valued at about $680,983,000. Berkshire Hathaway Inc bought a new position in shares of Capital One Financial during the 2nd quarter valued at about $601,860,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Capital One Financial during the second quarter valued at about $482,718,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

Capital One Financial stock opened at $204.88 on Monday. The company’s 50-day moving average price is $204.67 and its 200-day moving average price is $201.62. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45. The company has a market cap of $125.69 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 0.93 and a beta of 1.04. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, topping the consensus estimate of $5.53 by $1.16. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The company had revenue of $16.31 billion during the quarter, compared to analyst estimates of $16.25 billion. During the same quarter last year, the business posted $5.95 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. On average, equities research analysts forecast that Capital One Financial Corporation will post 21.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, General Counsel Matthew Cooper sold 3,500 shares of Capital One Financial stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $196.22, for a total value of $686,770.00. Following the completion of the transaction, the general counsel owned 79,694 shares in the company, valued at approximately $15,637,556.68. The trade was a 4.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Fairbank sold 90,743 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 4,018,520 shares in the company, valued at approximately $815,196,967.20. This represents 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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on COF shares. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $227.00 to $241.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Capital One Financial in a research note on Thursday, August 20th. BMO Capital Markets raised their price target on Capital One Financial from $219.00 to $225.00 and gave the company a “market perform” rating in a report on Wednesday, October 21st. Weiss Ratings raised Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 21st. Finally, Wolfe Research upped their price objective on Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Twenty equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $256.77.

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.