Capital One Financial Corporation $COF Stock Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its holdings in Capital One Financial Corporation (NYSE:COF) by 2.0% during the third quarter, HoldingsChannel.com reports. The fund owned 129,272 shares of the financial services provider’s stock after selling 2,672 shares during the period. ProShare Advisors LLC’s holdings in Capital One Financial were worth $24,959,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in COF. State Street Corp lifted its position in shares of Capital One Financial by 107.9% during the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock worth $11,491,259,000 after buying an additional 29,724,829 shares during the period. Bank of America Corp DE acquired a new stake in Capital One Financial in the 2nd quarter valued at $1,435,311,000. Legal & General Group Plc bought a new stake in Capital One Financial in the second quarter valued at $680,983,000. Berkshire Hathaway Inc bought a new stake in Capital One Financial in the second quarter valued at $601,860,000. Finally, Canada Pension Plan Investment Board acquired a new position in Capital One Financial during the second quarter worth $482,718,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In related news, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $218.02, for a total value of $1,193,223.46. Following the completion of the sale, the insider directly owned 27,992 shares in the company, valued at $6,102,815.84. This trade represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lia Dean sold 1,887 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $195.86, for a total transaction of $369,587.82. Following the transaction, the insider owned 59,308 shares in the company, valued at approximately $11,616,064.88. The trade was a 3.08% decrease in their ownership of the stock. 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 90 days, insiders sold 115,194 shares of company stock valued at $23,546,209. 0.78% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

COF has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Capital One Financial from $237.00 to $238.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Piper Sandler raised their price objective on shares of Capital One Financial from $260.00 to $269.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Wolfe Research lifted their target price on shares of Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. BMO Capital Markets boosted their target price on Capital One Financial from $219.00 to $225.00 and gave the stock a “market perform” rating in a report on Wednesday, October 21st. Finally, Morgan Stanley decreased their price target on Capital One Financial from $273.00 to $267.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. 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, Capital One Financial has an average rating of “Moderate Buy” and an average price target of $256.50.

Capital One Financial Stock Up 2.8%

NYSE:COF opened at $210.54 on Tuesday. The company has a market cap of $129.16 billion, a price-to-earnings ratio of 9.86, a P/E/G ratio of 0.94 and a beta of 1.04. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s fifty day moving average price is $204.52 and its two-hundred day moving average price is $201.51. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, beating 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 analysts’ expectations of $16.25 billion. During the same period last year, the firm earned $5.95 EPS. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts anticipate that Capital One Financial Corporation will post 21.53 EPS for the current year.

Capital One Financial Company Profile

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.