Capital One Financial Corporation $COF Shares Acquired by Assetmark Inc.

Assetmark Inc. grew its holdings in Capital One Financial Corporation (NYSE:COF) by 21.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 102,036 shares of the financial services provider’s stock after buying an additional 17,798 shares during the quarter. Assetmark Inc.’s holdings in Capital One Financial were worth $21,709,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC increased its stake in 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 purchasing an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. increased its stake in Capital One Financial by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider’s stock valued at $5,782,590,000 after purchasing an additional 506,105 shares in the last quarter. Bank of New York Mellon Corp increased its stake 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 purchasing an additional 950,415 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Capital One Financial by 18.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock valued at $854,647,000 after purchasing an additional 734,939 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Capital One Financial by 45.1% in the 1st 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 valued at $838,609,000 after purchasing an additional 1,454,595 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COF has been the subject of several research analyst reports. Citigroup raised their price objective on Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. UBS Group dropped their price objective on Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. TD Cowen raised their price objective on Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Wolfe Research raised their price target on Capital One Financial from $260.00 to $262.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $261.63.

Capital One Financial Stock Performance

Capital One Financial stock opened at $220.10 on Friday. 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 stock has a fifty day moving average of $219.83 and a two-hundred day moving average of $207.46. The company has a market capitalization of $140.76 billion, a price-to-earnings ratio of 92.87, a PEG ratio of 0.70 and a beta of 1.18. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $1.70. The business had revenue of $15.36 billion during the quarter, compared to the consensus estimate of $15.06 billion. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The business’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.51 earnings per share. On average, analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the sale, the general counsel owned 98,486 shares of the company’s stock, valued at $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard D. Fairbank sold 103,486 shares of Capital One Financial stock in a transaction on 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 directly owned 4,051,228 shares of the company’s stock, valued at approximately $914,281,135.04. This represents a 2.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 116,670 shares of company stock worth $26,153,969 in the last three months. Company insiders own 1.26% of the company’s stock.

Capital One Financial Company 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.