Mesirow Financial Investment Management Inc. grew its stake in shares of Capital One Financial Corporation (NYSE:COF) by 826.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 16,145 shares of the financial services provider’s stock after acquiring an additional 14,403 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Capital One Financial were worth $3,435,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its position in Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after acquiring an additional 10,428 shares during the period. Mather Group LLC. increased its holdings in shares of Capital One Financial by 14.3% in the 1st quarter. Mather Group LLC. now owns 1,281 shares of the financial services provider’s stock valued at $230,000 after purchasing an additional 160 shares during the period. Vontobel Holding Ltd. increased its holdings in shares of Capital One Financial by 10.3% in the 1st quarter. Vontobel Holding Ltd. now owns 17,172 shares of the financial services provider’s stock valued at $3,079,000 after purchasing an additional 1,601 shares during the period. Rossby Financial LCC acquired a new position in shares of Capital One Financial in the 1st quarter valued at about $48,000. Finally, Novem Group acquired a new position in shares of Capital One Financial in the 1st quarter valued at about $252,000. 89.84% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
COF has been the topic of a number of research reports. Royal Bank Of Canada upped their target price on Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a report on Wednesday, July 23rd. The Goldman Sachs Group upped their target price on Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Truist Financial upped their target price on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, September 12th. JPMorgan Chase & Co. raised their price target on Capital One Financial from $235.00 to $237.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Finally, Keefe, Bruyette & Woods raised their price target on Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $261.63.
Insiders Place Their Bets
In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard D. Fairbank sold 103,486 shares of the business’s stock in a transaction dated 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 owned 4,051,228 shares in the company, valued at approximately $914,281,135.04. This trade represents a 2.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 116,670 shares of company stock valued at $26,153,969 in the last three months. Insiders own 1.26% of the company’s stock.
Capital One Financial Stock Up 0.8%
NYSE:COF opened at $220.10 on Friday. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. 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 stock has a 50-day moving average price of $219.83 and a two-hundred day moving average price of $207.46.
Capital One Financial (NYSE:COF – Get Free Report) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $15.06 billion. During the same period in the previous year, the firm earned $4.51 earnings per share. The company’s revenue was up 53.4% on a year-over-year basis. As a group, equities analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.
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.
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Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF – Free Report).
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