AlphaQuest LLC Purchases 652 Shares of Capital One Financial Corporation $COF

AlphaQuest LLC raised its stake in Capital One Financial Corporation (NYSE:COF) by 99.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,309 shares of the financial services provider’s stock after purchasing an additional 652 shares during the quarter. AlphaQuest LLC’s holdings in Capital One Financial were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Moisand Fitzgerald Tamayo LLC raised its stake in shares of Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 62 shares during the last quarter. Olistico Wealth LLC raised its stake in shares of Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 101 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its stake in shares of Capital One Financial by 66.7% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 50 shares during the last quarter. RMG Wealth Management LLC purchased a new stake in shares of Capital One Financial in the second quarter worth approximately $27,000. Finally, Signature Resources Capital Management LLC purchased a new stake in shares of Capital One Financial in the second quarter worth approximately $28,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s 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 transaction, the general counsel directly owned 98,486 shares of the company’s stock, valued at $20,878,047.14. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard D. Fairbank sold 103,486 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $225.68, for a total value of $23,354,720.48. Following the completion of the transaction, the chief executive officer 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 SEC filing for this sale provides additional information. Insiders sold 116,670 shares of company stock valued at $26,153,969 over the last three months. Insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

NYSE:COF opened at $220.10 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The business has a fifty day simple moving average of $219.83 and a two-hundred day simple moving average of $207.46. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The company has a market capitalization of $140.76 billion, a P/E ratio of 92.87, a P/E/G ratio of 0.70 and a beta of 1.18.

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

Analyst Ratings Changes

Several analysts have recently commented on the company. HSBC increased their price objective on Capital One Financial from $218.00 to $234.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Evercore ISI increased their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Capital One Financial in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price target on Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a research report 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

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.