213,209 Shares of Capital One Financial Corporation $COF Acquired by Associated Banc Corp

Key Points

• Associated Banc Corp initiated a substantial position in Capital One, buying 213,209 shares worth about $41.2 million in the third quarter; the stock now represents roughly 1% of its portfolio.
• Capital One reported quarterly EPS of $6.69, beating the $5.53 analyst consensus, while revenue rose 6.4% year over year to $16.31 billion.
• Analysts maintain a Moderate Buy consensus with an average price target of $256.50. Insiders sold 115,194 shares worth about $23.5 million over the past 90 days.

Associated Banc Corp bought a new position in Capital One Financial Corporation (NYSE:COF - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 213,209 shares of the financial services provider's stock, valued at approximately $41,164,000. Capital One Financial comprises approximately 1.0% of Associated Banc Corp's portfolio, making the stock its 24th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Putney Financial Group LLC purchased a new stake in Capital One Financial during the third quarter valued at about $91,000. Torren Management LLC boosted its holdings in shares of Capital One Financial by 114.8% in the 3rd quarter. Torren Management LLC now owns 131 shares of the financial services provider's stock worth $25,000 after purchasing an additional 70 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in shares of Capital One Financial in the 3rd quarter worth about $200,000. XML Financial LLC increased its position in shares of Capital One Financial by 3.2% during the 3rd quarter. XML Financial LLC now owns 4,605 shares of the financial services provider's stock valued at $889,000 after purchasing an additional 142 shares during the last quarter. Finally, Summit Wealth Group LLC Co. increased its position in shares of Capital One Financial by 212.7% during the 3rd quarter. Summit Wealth Group LLC Co. now owns 5,066 shares of the financial services provider's stock valued at $978,000 after purchasing an additional 3,446 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Activity

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $196.22, for a total value of $686,770.00. Following the transaction, the general counsel directly owned 79,694 shares of the company's stock, valued at $15,637,556.68. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the company's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the sale, the insider owned 27,992 shares of the company's stock, valued at $6,102,815.84. This represents a 16.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 115,194 shares of company stock valued at $23,546,209. Corporate insiders own 0.78% of the company's stock.

Wall Street Analysts Forecast Growth

COF has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $227.00 to $241.00 and gave the company an "overweight" rating in a report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Capital One Financial in a research note on Thursday, August 20th. Evercore reiterated an "outperform" rating and set a $230.00 price target on shares of Capital One Financial in a research report on Tuesday, October 27th. Wall Street Zen downgraded shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Finally, Morgan Stanley lowered their price objective on shares of Capital One Financial from $273.00 to $267.00 and set an "overweight" rating for the company in a report on Monday, October 12th. Twenty research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $256.50.

Capital One Financial Trading Down 1.0%

Shares of COF stock opened at $208.70 on Wednesday. The stock has a market capitalization of $128.03 billion, a PE ratio of 10.14, a P/E/G ratio of 0.96 and a beta of 1.10. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The business has a 50-day moving average of $204.37 and a 200 day moving average of $201.38. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, topping analysts' consensus estimates of $5.53 by $1.16. The business had revenue of $16.31 billion for the quarter, compared to analysts' expectations of $16.25 billion. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The business's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $5.95 EPS. As a group, sell-side analysts anticipate that Capital One Financial Corporation will post 21.53 earnings per share for the current year.

Capital One Financial Company Profile

Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.

Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.

The company primarily serves customers in the United States through digital channels, branches and other distribution networks.

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