Capital One Financial Co. (NYSE:COF) Shares Bought by Spire Wealth Management

Spire Wealth Management boosted its stake in shares of Capital One Financial Co. (NYSE:COF) by 14.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,609 shares of the financial services provider’s stock after purchasing an additional 717 shares during the period. Spire Wealth Management’s holdings in Capital One Financial were worth $1,000,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. FMR LLC grew its position in shares of Capital One Financial by 21.4% during the 3rd quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after acquiring an additional 1,169,395 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Capital One Financial during the 4th quarter valued at about $130,683,000. Wellington Management Group LLP grew its position in shares of Capital One Financial by 268.7% during the 3rd quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock valued at $146,052,000 after acquiring an additional 710,881 shares during the period. Southpoint Capital Advisors LP acquired a new stake in shares of Capital One Financial during the 3rd quarter valued at about $104,811,000. Finally, KBC Group NV grew its position in shares of Capital One Financial by 282.2% during the 4th quarter. KBC Group NV now owns 623,470 shares of the financial services provider’s stock valued at $111,177,000 after acquiring an additional 460,339 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Kara West sold 721 shares of Capital One Financial stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total transaction of $133,190.33. Following the completion of the sale, the insider now directly owns 12,929 shares of the company’s stock, valued at approximately $2,388,374.17. The trade was a 5.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the sale, the insider now directly owns 26,482 shares of the company’s stock, valued at approximately $5,038,465.32. This trade represents a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on COF shares. Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Wells Fargo & Company raised their price target on shares of Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Truist Financial raised their price target on shares of Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods raised their price target on shares of Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $196.31.

Capital One Financial Stock Down 0.4 %

Capital One Financial stock opened at $200.15 on Wednesday. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $208.63. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a 50 day moving average price of $187.34 and a 200 day moving average price of $165.25. The company has a market capitalization of $76.30 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 1.24 and a beta of 1.47.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping the consensus estimate of $2.78 by $0.31. The business had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.81 earnings per share. Research analysts expect that Capital One Financial Co. will post 15.44 earnings per share for the current year.

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.