Northcape Wealth Management LLC Purchases New Position in Capital One Financial Corporation $COF

Northcape Wealth Management LLC purchased a new stake in Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent filing with the SEC. The firm purchased 5,561 shares of the financial services provider’s stock, valued at approximately $1,183,000.

Other hedge funds also recently bought and sold shares of the company. WPG Advisers LLC acquired a new stake in Capital One Financial in the first quarter worth $25,000. Moisand Fitzgerald Tamayo LLC raised its stake 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 worth $26,000 after buying an additional 62 shares during the period. Olistico Wealth LLC raised its stake 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 worth $26,000 after buying an additional 101 shares during the period. Saudi Central Bank acquired a new stake in Capital One Financial during the 1st quarter worth $27,000. Finally, RMG Wealth Management LLC acquired a new stake in Capital One Financial during the 2nd quarter worth $27,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on COF. Morgan Stanley raised their price target on Capital One Financial from $267.00 to $272.00 and gave the stock an “overweight” rating in a research 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 stock an “outperform” rating in a report on Tuesday, September 30th. Citigroup raised their target price on shares of Capital One Financial from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Capital One Financial in a report on Wednesday, October 8th. Finally, Redburn Atlantic upgraded shares of Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. 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 data from MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and an average target price of $261.63.

Insider Buying and Selling at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated 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 owned 98,486 shares of the company’s stock, valued at approximately $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard D. Fairbank sold 103,486 shares of Capital One Financial stock in a transaction dated 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. This represents a 2.49% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 111,155 shares of company stock worth $24,998,080. Insiders own 1.26% of the company’s stock.

Capital One Financial Price Performance

NYSE COF opened at $221.38 on Tuesday. The company has a quick ratio of 1.03, a current 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 company has a market capitalization of $141.58 billion, a PE ratio of 93.41, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18. The firm’s 50 day moving average is $219.84 and its 200-day moving average is $208.52.

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 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 company had revenue of $15.36 billion for the quarter, compared to the consensus estimate of $15.06 billion. During the same period last year, the company earned $4.51 earnings per share. The firm’s revenue was up 53.4% compared to the same quarter last year. Equities research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal 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.