Capital One Financial Corporation $COF Stock: SYM FINANCIAL Corp Boosts Holdings

SYM FINANCIAL Corp raised its holdings in Capital One Financial Corporation (NYSE:COF) by 112.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,332 shares of the financial services provider’s stock after purchasing an additional 2,820 shares during the quarter. SYM FINANCIAL Corp’s holdings in Capital One Financial were worth $1,029,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in COF. State Street Corp raised its stake 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 valued at $11,491,259,000 after buying an additional 29,724,829 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Capital One Financial by 0.5% in the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock valued at $10,242,628,000 after buying an additional 236,643 shares during the period. Bank of America Corp DE acquired a new position in shares of Capital One Financial in the 2nd quarter valued at about $1,435,311,000. Wellington Management Group LLP boosted its stake in shares of Capital One Financial by 36.2% in the second quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider’s stock worth $1,426,029,000 after buying an additional 1,887,497 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Capital One Financial by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider’s stock worth $1,127,733,000 after buying an additional 187,532 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Weiss Ratings raised Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 21st. Bank of America decreased their price target on Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a report on Thursday, July 9th. BTIG Research upped their price objective on Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Wolfe Research upped their price objective on Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Finally, 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 research note on Wednesday, October 21st. Twenty equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $256.77.

Capital One Financial Stock Performance

NYSE:COF opened at $203.66 on Wednesday. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The stock’s 50-day moving average price is $205.39 and its 200-day moving average price is $202.22.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, topping analysts’ consensus estimates of $5.53 by $1.16. The business had revenue of $16.31 billion during the quarter, compared to analyst estimates of $16.25 billion. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $5.95 EPS. As a group, equities research analysts anticipate that Capital One Financial Corporation will post 21.28 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ravi Raghu sold 9,726 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the sale, the insider owned 26,328 shares of the company’s stock, valued at approximately $5,523,087.84. The trade was a 26.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the transaction, the insider owned 27,992 shares of the company’s stock, valued at $6,102,815.84. This represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 34,177 shares of company stock valued at $7,178,405. 0.78% of the stock is owned by insiders.

Capital One Financial 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.