Capital One Financial Corporation $COF Stake Increased by Arkadios Wealth Advisors

Arkadios Wealth Advisors grew its holdings in Capital One Financial Corporation (NYSE:COF) by 47.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,111 shares of the financial services provider’s stock after purchasing an additional 5,184 shares during the period. Arkadios Wealth Advisors’ holdings in Capital One Financial were worth $3,428,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. WPG Advisers LLC purchased a new stake in shares of Capital One Financial during the first quarter worth $25,000. Moisand Fitzgerald Tamayo LLC raised its holdings in shares of Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 62 shares in the last quarter. Olistico Wealth LLC raised its holdings in shares of Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 101 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of Capital One Financial during the first quarter worth $27,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of Capital One Financial during the second quarter worth $27,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on COF shares. BTIG Research reiterated a “buy” rating and set a $264.00 price objective on shares of Capital One Financial in a report on Wednesday, October 22nd. Barclays increased their price objective on Capital One Financial from $257.00 to $271.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Redburn Atlantic upgraded Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. Truist Financial raised their target price on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, September 12th. Finally, Rothschild & Co Redburn began coverage on Capital One Financial in a report on Friday, August 1st. They set a “buy” rating and a $290.00 target price on the stock. 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Insiders Place Their Bets

In other news, CAO Timothy P. Golden sold 207 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the sale, the chief accounting officer directly owned 8,780 shares of the company’s stock, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the sale, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 116,670 shares of company stock valued at $26,153,969. 1.26% of the stock is owned by company insiders.

Capital One Financial Trading Down 1.2%

Shares of NYSE:COF opened at $218.34 on Thursday. The company has a market cap of $139.63 billion, a P/E ratio of 92.13, a P/E/G ratio of 0.71 and a beta of 1.18. The stock’s 50-day moving average is $219.73 and its 200-day moving average is $206.99. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. 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 issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate 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 revenue was up 53.4% compared to the same quarter last year. During the same period last year, the business posted $4.51 earnings per share. Equities research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial 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.