Principal Financial Group Inc. Purchases 14,597 Shares of Capital One Financial Corporation $COF

Principal Financial Group Inc. raised its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 708,439 shares of the financial services provider's stock after acquiring an additional 14,597 shares during the period. Principal Financial Group Inc. owned approximately 0.11% of Capital One Financial worth $171,697,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after purchasing an additional 10,428 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Capital One Financial by 44.3% during the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider's stock valued at $1,608,000 after buying an additional 2,753 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in Capital One Financial by 118.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider's stock valued at $702,000 after buying an additional 1,788 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in Capital One Financial during the 2nd quarter valued at about $218,000. Finally, Jump Financial LLC bought a new stake in Capital One Financial during the 2nd quarter valued at about $1,086,000. Institutional investors own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of research analyst reports. Barclays lifted their price objective on shares of Capital One Financial from $226.00 to $250.00 and gave the company an "overweight" rating in a report on Wednesday, April 22nd. Argus decreased their price objective on shares of Capital One Financial from $260.00 to $250.00 and set a "buy" rating for the company in a report on Thursday, April 23rd. UBS Group decreased their price objective on shares of Capital One Financial from $286.00 to $283.00 and set a "buy" rating for the company in a report on Tuesday, April 7th. The Goldman Sachs Group decreased their price objective on shares of Capital One Financial from $300.00 to $260.00 and set a "buy" rating for the company in a report on Tuesday, April 7th. Finally, Wells Fargo & Company decreased their price objective on shares of Capital One Financial from $280.00 to $260.00 and set an "overweight" rating for the company in a report on Thursday, April 9th. Eighteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $258.14.

Capital One Financial Stock Performance

COF stock opened at $189.70 on Wednesday. The firm has a market cap of $117.98 billion, a price-to-earnings ratio of 66.56, a PEG ratio of 0.69 and a beta of 1.05. The firm has a 50-day simple moving average of $190.07 and a two-hundred day simple moving average of $213.26. Capital One Financial Corporation has a one year low of $174.98 and a one year high of $259.64. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing the consensus estimate of $5.08 by ($0.66). The firm had revenue of $15.23 billion for the quarter, compared to analysts' expectations of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The business's quarterly revenue was up 52.3% compared to the same quarter last year. During the same period in the previous year, the company posted $4.06 earnings per share. On average, equities analysts forecast that Capital One Financial Corporation will post 19.17 EPS for the current fiscal year.

Insider Activity at Capital One Financial

In related news, insider Neal Blinde sold 38,135 shares of Capital One Financial stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $190.51, for a total value of $7,265,098.85. Following the completion of the sale, the insider directly owned 33,551 shares in the company, valued at $6,391,801.01. This trade represents a 53.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jason P. Hanson sold 3,729 shares of Capital One Financial stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total transaction of $764,445.00. Following the completion of the sale, the insider owned 40,230 shares of the company's stock, valued at $8,247,150. This trade represents a 8.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 46,404 shares of company stock valued at $8,884,404 over the last 90 days. Company insiders own 0.78% of the company's stock.

Capital One Financial Company Profile

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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