Motley Fool Asset Management LLC Acquires 44,815 Shares of Capital One Financial Corporation $COF

Key Points

• Motley Fool Asset Management acquired 44,815 shares of Capital One Financial in the third quarter, valued at approximately $8.65 million. Institutional investors and hedge funds collectively own 89.84% of the company.
• Analyst sentiment remains positive: 20 analysts rate the stock a Buy and four rate it a Hold, producing a consensus “Moderate Buy” rating and an average price target of $256.77.
• Capital One reported quarterly EPS of $6.69, exceeding estimates by $1.16, while revenue rose 6.4% year over year to $16.31 billion. Insiders, however, sold 34,177 shares worth about $7.18 million during the last quarter.

Motley Fool Asset Management LLC acquired a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 44,815 shares of the financial services provider's stock, valued at approximately $8,652,000.

A number of other institutional investors also recently bought and sold shares of the business. Krilogy Financial LLC increased its position in Capital One Financial by 69.0% in the 3rd quarter. Krilogy Financial LLC now owns 25,629 shares of the financial services provider's stock valued at $4,948,000 after acquiring an additional 10,464 shares during the period. Sculptor Capital LP acquired a new stake in Capital One Financial during the 1st quarter worth approximately $33,932,000. Swiss National Bank lifted its position in Capital One Financial by 6.5% during the 1st quarter. Swiss National Bank now owns 1,865,716 shares of the financial services provider's stock worth $340,363,000 after acquiring an additional 113,200 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in Capital One Financial during the 2nd quarter worth approximately $73,364,000. Finally, Levin Capital Strategies L.P. grew its stake in shares of Capital One Financial by 3.3% in the 1st quarter. Levin Capital Strategies L.P. now owns 179,757 shares of the financial services provider's stock valued at $32,793,000 after purchasing an additional 5,707 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Piper Sandler boosted their target price on Capital One Financial from $260.00 to $269.00 and gave the company an "overweight" rating in a report on Wednesday, October 21st. Wolfe Research increased their price target on Capital One Financial from $255.00 to $275.00 and gave the stock an "outperform" rating in a report on Tuesday, August 25th. Weiss Ratings raised Capital One Financial from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on shares of Capital One Financial in a research report on Thursday, August 20th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $227.00 to $241.00 and gave the company an "overweight" rating in a research note on Wednesday, October 21st. Twenty research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $256.77.

Insider Activity

In other news, insider Celia Karam sold 1,927 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $195.86, for a total transaction of $377,422.22. Following the completion of the sale, the insider directly owned 55,774 shares in the company, valued at approximately $10,923,895.64. This trade represents a 3.34% decrease in their position. The transaction 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 Ravi Raghu sold 9,726 shares of the business'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 value of $2,040,320.28. Following the sale, the insider directly owned 26,328 shares in the company, valued at $5,523,087.84. This trade represents a 26.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 34,177 shares of company stock valued at $7,178,405 in the last quarter. Insiders own 0.78% of the company's stock.

Capital One Financial Price Performance

Shares of NYSE COF opened at $204.86 on Thursday. The firm has a market capitalization of $125.68 billion, a P/E ratio of 12.09, a PEG ratio of 0.93 and a beta of 1.04. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The company's fifty day moving average is $205.06 and its two-hundred day moving average is $201.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.53 by $1.16. The business 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 business's revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $5.95 EPS. Analysts forecast that Capital One Financial Corporation will post 21.28 EPS for the current fiscal year.

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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