Capital One Financial Corporation $COF Stock Bought by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC increased its Capital One Financial position by 118.9% in the third quarter, bringing its holdings to 43,957 shares valued at approximately $8.49 million. Institutional investors collectively own 89.84% of COF.
• Capital One reported quarterly earnings of $5.81 per share, exceeding estimates by $1.02, while revenue rose 26.9% year over year to $15.83 billion.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $256.09 versus the reported share price of $199.14. The company also pays a quarterly dividend of $0.80, representing a 1.6% yield.

Farther Finance Advisors LLC boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 118.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,957 shares of the financial services provider's stock after purchasing an additional 23,873 shares during the quarter. Farther Finance Advisors LLC's holdings in Capital One Financial were worth $8,487,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. CoreCap Advisors LLC increased its position in shares of Capital One Financial by 30.7% during the third quarter. CoreCap Advisors LLC now owns 1,670 shares of the financial services provider's stock worth $322,000 after acquiring an additional 392 shares in the last quarter. Apella Capital LLC increased its position in shares of Capital One Financial by 326.8% in the third quarter. Apella Capital LLC now owns 8,434 shares of the financial services provider's stock valued at $1,628,000 after acquiring an additional 6,458 shares during the last quarter. Everhart Financial Group Inc. increased its position in shares of Capital One Financial by 90.0% during the 3rd quarter. Everhart Financial Group Inc. now owns 10,262 shares of the financial services provider's stock worth $1,981,000 after purchasing an additional 4,860 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of Capital One Financial by 4.4% in the 3rd quarter. Valeo Financial Advisors LLC now owns 7,542 shares of the financial services provider's stock valued at $1,456,000 after buying an additional 320 shares during the last quarter. Finally, New Covenant Trust Company N.A. increased its stake in shares of Capital One Financial by 6.2% during the 3rd quarter. New Covenant Trust Company N.A. now owns 1,368 shares of the financial services provider's stock worth $264,000 after purchasing an additional 80 shares during the last quarter. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Performance

NYSE COF opened at $199.14 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The company has a 50-day simple moving average of $210.17 and a two-hundred day simple moving average of $199.65. The firm has a market cap of $122.17 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 0.73 and a beta of 1.04.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.79 by $1.02. The firm had revenue of $15.83 billion for the quarter, compared to analysts' expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%. The business's revenue was up 26.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.48 earnings per share. On average, equities analysts forecast that Capital One Financial Corporation will post 20.33 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a $0.80 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial's payout ratio is presently 19.80%.

Wall Street Analyst Weigh In

Several research firms have weighed in on COF. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Capital One Financial in a research report on Thursday, August 20th. Wall Street Zen downgraded Capital One Financial from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. UBS Group lifted their target price on Capital One Financial from $275.00 to $280.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Bank of America dropped their price target on Capital One Financial from $234.00 to $231.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. Finally, HSBC raised Capital One Financial from a "hold" rating to a "buy" rating and upped their price objective for the company from $226.00 to $229.00 in a research note on Sunday, July 12th. Twenty analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $256.09.

Insider Activity at Capital One Financial

In related news, insider Ravi Raghu sold 9,726 shares of the firm's 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 completion of the sale, the insider directly owned 26,328 shares of the company's stock, valued at approximately $5,523,087.84. This trade represents a 26.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 2,017 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $206.07, for a total transaction of $415,643.19. Following the completion of the sale, the insider directly owned 57,696 shares of the company's stock, valued at $11,889,414.72. The trade was a 3.38% decrease in their position. 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. Insiders sold a total of 33,850 shares of company stock valued at $7,167,152 in the last three months. Corporate insiders own 0.78% of the company's stock.

Capital One Financial Company Profile

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.