Capital One Financial Corporation $COF Shares Bought by International Assets Investment Management LLC

Key Points

• International Assets Investment Management increased its Capital One stake by 1,771.3% in the third quarter, bringing its holdings to 50,000 shares valued at approximately $9.65 million. Institutional investors collectively own 89.84% of the company.
• Capital One reported quarterly earnings of $6.69 per share, beating estimates of $5.53, while revenue rose 6.4% year over year to $16.31 billion.
• Analysts maintain a favorable outlook, with a “Moderate Buy” consensus and an average price target of $256.77; however, insiders sold $23.5 million worth of shares over the past three months.

International Assets Investment Management LLC lifted its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 1,771.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,000 shares of the financial services provider's stock after purchasing an additional 47,328 shares during the period. International Assets Investment Management LLC's holdings in Capital One Financial were worth $9,654,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other news, insider Celia Karam sold 2,017 shares of the company's 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 transaction, the insider directly owned 57,696 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Fairbank sold 90,743 shares of Capital One Financial stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $202.86, for a total value of $18,408,124.98. Following the sale, the chief executive officer directly owned 4,018,520 shares of the company's stock, valued at approximately $815,196,967.20. The trade was a 2.21% 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. Insiders sold a total of 115,194 shares of company stock valued at $23,546,209 in the last three months. Company insiders own 0.78% of the company's stock.

Capital One Financial Stock Down 1.8%

Capital One Financial stock opened at $204.88 on Friday. The firm 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 firm's 50 day moving average price is $204.67 and its two-hundred day moving average price is $201.62. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last released 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. 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 net margin of 13.70% and a return on equity of 11.64%. The company's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.95 EPS. On average, research analysts predict that Capital One Financial Corporation will post 21.53 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Evercore restated an "outperform" rating and issued a $230.00 price target on shares of Capital One Financial in a research report on Tuesday. Barclays lifted their price objective on shares of Capital One Financial from $237.00 to $238.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 21st. TD Cowen boosted their target price on shares of Capital One Financial from $242.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 21st. Citigroup increased their target price on Capital One Financial from $280.00 to $285.00 and gave the company a "buy" rating in a report on Wednesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 target price on Capital One Financial in a research report on Thursday, August 20th. Twenty investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Capital One Financial presently has an average rating of "Moderate Buy" and an average price target of $256.77.

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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