IFG Advisory LLC Makes New Investment in Capital One Financial Corporation $COF

IFG Advisory LLC bought a new position in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent filing with the SEC. The fund bought 36,015 shares of the financial services provider’s stock, valued at approximately $7,663,000.

A number of other large investors have also added to or reduced their stakes in COF. Kingstone Capital Partners Texas LLC grew its position in shares of Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after acquiring an additional 117,427,549 shares during the period. Vanguard Group Inc. lifted its stake in Capital One Financial by 1.6% in the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider’s stock valued at $5,782,590,000 after purchasing an additional 506,105 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Capital One Financial by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock valued at $889,519,000 after purchasing an additional 950,415 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Capital One Financial by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock valued at $854,647,000 after purchasing an additional 734,939 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Capital One Financial by 45.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider’s stock valued at $838,609,000 after buying an additional 1,454,595 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Timothy P. Golden sold 207 shares of the company’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 value of $44,589.87. Following the transaction, the chief accounting officer directly owned 8,780 shares in the company, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard D. Fairbank sold 103,486 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was 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 approximately $914,281,135.04. This trade represents a 2.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 116,670 shares of company stock worth $26,153,969. 1.26% of the stock is currently owned by insiders.

Capital One Financial Stock Down 0.2%

COF opened at $218.21 on Friday. The company has a fifty day moving average price of $219.86 and a 200-day moving average price of $207.06. The firm has a market capitalization of $139.55 billion, a P/E ratio of 92.07, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. UBS Group decreased their price objective on Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Truist Financial upped their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, September 12th. The Goldman Sachs Group upped their price target on shares of Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Barclays boosted their target price on shares of Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Capital One Financial in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $261.63.

About Capital One Financial

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.