6,571 Capital One Financial Corporation $COF Shares Sold by Park Avenue Securities LLC

Key Points

• Park Avenue Securities reduced its Capital One Financial stake by 15.3%, selling 6,571 shares in the third quarter and retaining 36,328 shares valued at approximately $7.0 million.
• Capital One reported quarterly EPS of $6.69, exceeding estimates of $5.53, while revenue rose 6.4% year over year to $16.31 billion. Institutional investors own approximately 89.84% of the stock.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $256.77, compared with the reported share price of $204.86.

Park Avenue Securities LLC cut its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 15.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,328 shares of the financial services provider's stock after selling 6,571 shares during the quarter. Park Avenue Securities LLC's holdings in Capital One Financial were worth $7,014,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in shares of Capital One Financial by 21.8% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 211,336 shares of the financial services provider's stock worth $40,803,000 after purchasing an additional 37,840 shares during the period. Blume Capital Management Inc. increased its stake in Capital One Financial by 1.1% in the 3rd quarter. Blume Capital Management Inc. now owns 66,340 shares of the financial services provider's stock valued at $12,808,000 after buying an additional 709 shares during the period. Apollon Wealth Management LLC increased its stake in Capital One Financial by 35.8% in the 3rd quarter. Apollon Wealth Management LLC now owns 22,616 shares of the financial services provider's stock valued at $4,366,000 after buying an additional 5,965 shares during the period. Kingswood Wealth Advisors LLC increased its stake in Capital One Financial by 1.7% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 9,434 shares of the financial services provider's stock valued at $1,821,000 after buying an additional 157 shares during the period. Finally, Signaturefd LLC lifted its position in Capital One Financial by 2.1% in the 3rd quarter. Signaturefd LLC now owns 19,692 shares of the financial services provider's stock worth $3,802,000 after buying an additional 397 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $204.86 on Thursday. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The business has a 50-day moving average of $205.06 and a two-hundred day moving average of $201.96. The stock has a market capitalization of $125.68 billion, a P/E ratio of 12.09, a P/E/G ratio of 0.93 and a beta of 1.04. 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 released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.53 by $1.16. The company had revenue of $16.31 billion during the quarter, compared to the consensus estimate of $16.25 billion. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The firm's revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.95 EPS. On average, equities research analysts predict that Capital One Financial Corporation will post 21.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on COF shares. Wolfe Research lifted their target price on shares of Capital One Financial from $255.00 to $275.00 and gave the company an "outperform" rating in a research note on Tuesday, August 25th. Morgan Stanley lowered their price target on shares of Capital One Financial from $273.00 to $267.00 and set an "overweight" rating on the stock in a report on Monday, October 12th. HSBC raised shares of Capital One Financial from a "hold" rating to a "buy" rating and upped their price target for the stock from $226.00 to $229.00 in a research note on Sunday, July 12th. Piper Sandler increased their price objective on Capital One Financial from $260.00 to $269.00 and gave the stock an "overweight" rating in a report on Wednesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Capital One Financial in a research report on Thursday, August 20th. Twenty research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $256.77.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Ravi Raghu sold 9,726 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the transaction, the insider owned 26,328 shares in the company, valued at $5,523,087.84. This trade represents a 26.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $196.22, for a total transaction of $686,770.00. Following the completion of the transaction, the general counsel directly owned 79,694 shares in the company, valued at approximately $15,637,556.68. This represents a 4.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 34,177 shares of company stock worth $7,178,405. 0.78% of the stock is currently owned by company insiders.

About Capital One Financial

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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