Capital One Financial Corporation $COF Position Lifted by Putney Financial Group LLC

Putney Financial Group LLC lifted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 22.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 543 shares of the financial services provider’s stock after purchasing an additional 100 shares during the period. Putney Financial Group LLC’s holdings in Capital One Financial were worth $116,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Capital One Financial by 588,668.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after buying an additional 117,427,549 shares during the period. Diamond Hill Capital Management Inc. acquired a new position in shares of Capital One Financial during the first quarter worth approximately $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Capital One Financial by 45.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider’s stock worth $838,609,000 after purchasing an additional 1,454,595 shares in the last quarter. Bank of New York Mellon Corp grew its position in Capital One Financial by 23.7% in the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock valued at $889,519,000 after buying an additional 950,415 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Capital One Financial by 134.0% in the second quarter. Envestnet Asset Management Inc. now owns 1,585,192 shares of the financial services provider’s stock valued at $337,265,000 after acquiring an additional 907,803 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider owned 27,364 shares of the company’s stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Richard D. Fairbank sold 103,486 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $225.68, for a total transaction of $23,354,720.48. Following the completion of the sale, the chief executive officer directly owned 4,051,228 shares in the company, valued at approximately $914,281,135.04. The trade was a 2.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 116,670 shares of company stock worth $26,153,969 over the last three months. 1.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on COF. Robert W. Baird lifted their target price on Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Truist Financial boosted their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Morgan Stanley upped their target price on Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Keefe, Bruyette & Woods upped their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Capital One Financial from $224.00 to $240.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Four research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Capital One Financial Stock Down 0.2%

COF opened at $218.21 on Friday. 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 capitalization of $139.55 billion, a price-to-earnings ratio of 92.07, a P/E/G ratio of 0.70 and a beta of 1.18. The business has a 50 day moving average of $219.86 and a 200-day moving average of $207.06. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, topping 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 company had revenue of $15.36 billion for the quarter, compared to the consensus estimate of $15.06 billion. During the same quarter in the previous year, the firm posted $4.51 EPS. The business’s revenue was up 53.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

About Capital One Financial

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.