C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires New Holdings in Capital One Financial Corporation $COF

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,470 shares of the financial services provider’s stock, valued at approximately $313,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Earned Wealth Advisors LLC acquired a new stake in Capital One Financial in the second quarter worth $254,000. Plancorp LLC acquired a new stake in Capital One Financial in the second quarter worth $272,000. Private Advisor Group LLC grew its holdings in Capital One Financial by 15.3% in the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock worth $1,776,000 after purchasing an additional 1,312 shares during the period. Mutual Advisors LLC acquired a new stake in Capital One Financial in the first quarter worth $215,000. Finally, Callodine Capital Management LP grew its holdings in Capital One Financial by 200.0% in the first quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock worth $26,895,000 after purchasing an additional 100,000 shares during the period. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE COF opened at $220.10 on Monday. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The stock has a market cap of $140.76 billion, a price-to-earnings ratio of 92.87, a PEG ratio of 0.70 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50-day simple moving average is $219.83 and its 200 day simple moving average is $208.11.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results 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 net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.36 billion for the quarter, compared to analysts’ expectations of $15.06 billion. During the same quarter last year, the firm earned $4.51 EPS. The firm’s revenue for the quarter was up 53.4% compared to the same quarter last year. As a group, research 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, CAO Timothy P. Golden sold 3,462 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares of the company’s stock, valued at $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the transaction, the general counsel directly owned 98,486 shares in the company, valued at $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 111,155 shares of company stock valued at $24,998,080 over the last ninety days. Corporate insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on COF. BTIG Research restated a “buy” rating and issued a $264.00 price target on shares of Capital One Financial in a report on Wednesday, October 22nd. Royal Bank Of Canada raised their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 23rd. Morgan Stanley raised their price target on shares of Capital One Financial from $267.00 to $272.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Four 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $261.63.

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.