Soltis Investment Advisors LLC Acquires 9,076 Shares of Capital One Financial Corporation $COF

Key Points

• Soltis Investment Advisors more than doubled its Capital One stake in the third quarter, purchasing 9,076 additional shares and bringing its holdings to 16,708 shares valued at approximately $3.23 million.
• Institutional ownership remains significant, with hedge funds and other institutional investors holding 89.84% of COF shares. State Street, BlackRock, Bank of America, Wellington Management, and Bank of New York Mellon were among major holders increasing or establishing positions.
• Capital One reported a quarterly earnings beat, posting $6.69 in EPS versus $5.53 expected, while revenue rose 6.4% year over year to $16.31 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $256.77, despite the stock trading down 1.8% at $204.88.

Soltis Investment Advisors LLC raised its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 118.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,708 shares of the financial services provider's stock after purchasing an additional 9,076 shares during the quarter. Soltis Investment Advisors LLC's holdings in Capital One Financial were worth $3,226,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in 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 buying an additional 29,724,829 shares during the period. BlackRock Inc. lifted its holdings in Capital One Financial by 0.5% during the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider's stock valued at $10,242,628,000 after buying an additional 236,643 shares in the last quarter. Bank of America Corp DE purchased a new stake in Capital One Financial in the 2nd quarter valued at about $1,435,311,000. Wellington Management Group LLP boosted its position in Capital One Financial by 36.2% in the 2nd quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider's stock valued at $1,426,029,000 after buying an additional 1,887,497 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Capital One Financial by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider's stock valued at $1,127,733,000 after buying an additional 187,532 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Down 1.8%

Shares of Capital One Financial stock opened at $204.88 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64. The firm's 50-day moving average is $204.67 and its two-hundred day moving average is $201.62. The stock has a market cap of $125.69 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 0.95 and a beta of 1.04.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on COF. HSBC raised shares of Capital One Financial from a "hold" rating to a "buy" rating and raised their target price for the stock from $226.00 to $229.00 in a research report on Sunday, July 12th. Piper Sandler lifted their price target on shares of Capital One Financial from $260.00 to $269.00 and gave the company an "overweight" rating in a research note on Wednesday, October 21st. Barclays boosted their price target on Capital One Financial from $237.00 to $238.00 and gave the company an "overweight" rating in a report on Wednesday, October 21st. Bank of America dropped their price objective on Capital One Financial from $234.00 to $231.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Finally, UBS Group restated a "buy" rating on shares of Capital One Financial in a report on Thursday, October 22nd. Twenty analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and an average price target of $256.77.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Lia Dean sold 2,193 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the completion of the sale, the insider owned 63,261 shares in the company, valued at $14,266,620.72. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 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 directly owned 57,696 shares in the company, valued at $11,889,414.72. This trade represents a 3.38% 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 sold a total of 115,194 shares of company stock valued at $23,546,209 over the last quarter. 0.78% of the stock is owned by insiders.

Capital One Financial Company 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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