Spire Wealth Management Has $1.28 Million Stock Position in Capital One Financial Corporation $COF

Spire Wealth Management trimmed its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 8.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,003 shares of the financial services provider’s stock after selling 571 shares during the period. Spire Wealth Management’s holdings in Capital One Financial were worth $1,277,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new position in Capital One Financial in the 1st quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC increased its stake in Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after buying an additional 62 shares during the period. Olistico Wealth LLC increased its stake in Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after buying an additional 101 shares during the period. Saudi Central Bank acquired a new position in Capital One Financial in the 1st quarter valued at approximately $27,000. Finally, RMG Wealth Management LLC acquired a new position in Capital One Financial in the 2nd quarter valued at approximately $27,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

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 firm’s fifty day simple moving average is $219.83 and its 200 day simple moving average is $207.46. 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 firm has a market capitalization of $140.76 billion, a PE ratio of 92.87, a PEG ratio of 0.70 and a beta of 1.18.

Capital One Financial (NYSE:COF) 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 net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.36 billion for the quarter, compared to analyst estimates of $15.06 billion. During the same period last year, the business posted $4.51 EPS. Capital One Financial’s revenue was up 53.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Analyst Ratings Changes

COF has been the topic of several research reports. Royal Bank Of Canada upped their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Capital One Financial in a research note on Wednesday, October 8th. Barclays increased their price target on shares of Capital One Financial from $257.00 to $271.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Citigroup increased their price target on shares of Capital One Financial from $275.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, The Goldman Sachs Group increased their price target on shares of Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Insider Activity

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the transaction, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. This trade represents a 1.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Richard D. Fairbank sold 103,486 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer owned 4,051,228 shares in the company, valued at $914,281,135.04. The trade was a 2.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 116,670 shares of company stock valued at $26,153,969. 1.26% of the stock is owned by corporate insiders.

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.