Capital One Financial Corporation $COF Shares Acquired by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp grew its holdings in Capital One Financial Corporation (NYSE:COF) by 80.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,356 shares of the financial services provider’s stock after acquiring an additional 1,051 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Capital One Financial were worth $501,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of COF. WPG Advisers LLC purchased a new position in shares of Capital One Financial in the first quarter worth about $25,000. 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. Saudi Central Bank purchased a new position in shares of Capital One Financial in the first quarter worth about $27,000. Finally, RMG Wealth Management LLC purchased a new position in shares of Capital One Financial in the second quarter worth about $27,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Down 0.2%

Shares of COF opened at $218.21 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The stock’s 50 day moving average is $219.86 and its two-hundred day moving average is $207.06. The firm has a market cap of $139.55 billion, a P/E ratio of 92.07, a PEG ratio of 0.70 and a beta of 1.18.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, beating the consensus estimate 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 company had revenue of $15.36 billion for the quarter, compared to analyst estimates of $15.06 billion. During the same period last year, the company earned $4.51 earnings per share. Capital One Financial’s quarterly revenue was up 53.4% compared to the same quarter last year. Analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. HSBC raised 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. Truist Financial raised their price objective on Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Evercore ISI lifted their price target on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. JPMorgan Chase & Co. lifted 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. Finally, Wolfe Research lifted their price target on Capital One Financial from $260.00 to $262.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Four analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $261.63.

Insiders Place Their Bets

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction that occurred 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 sale, the general counsel directly owned 98,486 shares of the company’s stock, valued at approximately $20,878,047.14. This trade represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard D. Fairbank sold 103,486 shares of the firm’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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 116,670 shares of company stock valued at $26,153,969 in the last three months. 1.26% of the stock is currently owned by company insiders.

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.