66,987 Capital One Financial Corporation $COF Shares Sold by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group reduced its Capital One Financial stake by 4.9%, selling 66,987 shares and retaining 1.31 million shares worth approximately $253.3 million. Institutional investors still own about 89.84% of the company.
• Capital One reported quarterly EPS of $6.69, beating estimates of $5.53, while revenue reached $16.31 billion, up 6.4% year over year and slightly above expectations.
• Analysts remain broadly positive, with 20 Buy ratings and four Holds. The stock has a “Moderate Buy” consensus rating and an average price target of $256.77, above its reported opening price of $204.88.

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,311,740 shares of the financial services provider's stock after selling 66,987 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.21% of Capital One Financial worth $253,258,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp increased its position in Capital One Financial by 107.9% during the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider's stock valued at $11,491,259,000 after acquiring an additional 29,724,829 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Capital One Financial during the 2nd quarter valued at approximately $1,435,311,000. Legal & General Group Plc bought a new position in shares of Capital One Financial during the 2nd quarter valued at approximately $680,983,000. Berkshire Hathaway Inc purchased a new stake in Capital One Financial in the 2nd quarter worth approximately $601,860,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Capital One Financial during the 2nd quarter valued at $482,718,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Celia Karam sold 2,017 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $206.07, for a total value of $415,643.19. Following the sale, the insider owned 57,696 shares in the company, valued at $11,889,414.72. This represents a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,193 shares of the business's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $225.52, for a total value of $494,565.36. Following the completion of the transaction, the insider directly owned 63,261 shares of the company's stock, valued at $14,266,620.72. The trade was a 3.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 115,194 shares of company stock valued at $23,546,209. Insiders own 0.78% of the company's stock.

Capital One Financial Price Performance

Shares of NYSE COF opened at $204.88 on Monday. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The company has a market cap of $125.69 billion, a PE 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 quick ratio of 1.02 and a current ratio of 1.02. The business has a 50-day simple moving average of $204.67 and a two-hundred day simple moving average of $201.62.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on COF shares. JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $227.00 to $241.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 21st. UBS Group reaffirmed a "buy" rating on shares of Capital One Financial in a research note on Thursday, October 22nd. Piper Sandler increased their target price on Capital One Financial from $260.00 to $269.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 21st. Wolfe Research lifted their price target 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. Finally, Citigroup increased their target price on shares of Capital One Financial from $280.00 to $285.00 and gave the stock a "buy" rating in a report on Wednesday, October 21st. Twenty equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $256.77.

Capital One Financial 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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