HBK Sorce Advisory LLC Makes New $485,000 Investment in Capital One Financial Corporation $COF

HBK Sorce Advisory LLC bought a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,281 shares of the financial services provider’s stock, valued at approximately $485,000.

Several other hedge funds have also recently added to or reduced their stakes in COF. WPG Advisers LLC purchased a new position in Capital One Financial during the 1st quarter valued at about $25,000. Moisand Fitzgerald Tamayo LLC increased its holdings in Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 62 shares in the last quarter. Olistico Wealth LLC increased its holdings in Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 101 shares in the last quarter. Saudi Central Bank purchased a new position in Capital One Financial during the 1st quarter valued at about $27,000. Finally, RMG Wealth Management LLC purchased a new position in Capital One Financial during the 2nd quarter valued at about $27,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Capital One Financial

In related news, CEO Richard D. Fairbank sold 103,486 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $914,281,135.04. The trade was a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the sale, the chief accounting officer owned 8,780 shares of the company’s stock, valued at approximately $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 116,670 shares of company stock valued at $26,153,969 in the last ninety days. 1.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on COF. Wolfe Research raised their target price on shares of Capital One Financial from $260.00 to $262.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Evercore ISI raised their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Zacks Research upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Citigroup upped their price objective on shares of Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Wells Fargo & Company upped their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Capital One Financial Price Performance

Capital One Financial stock 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 has a 50 day moving average price of $219.83 and a 200 day moving average price of $207.46. The company has a market cap of $140.76 billion, a price-to-earnings ratio of 92.87, a PEG ratio of 0.70 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03.

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, 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 firm had revenue of $15.36 billion during the quarter, compared to the consensus estimate of $15.06 billion. During the same period in the previous year, the firm earned $4.51 earnings per share. Capital One Financial’s revenue was up 53.4% compared to the same quarter last year. Sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

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.