QRG Capital Management Inc. Acquires 4,449 Shares of Capital One Financial Corporation $COF

QRG Capital Management Inc. raised its holdings in Capital One Financial Corporation (NYSE:COF) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,927 shares of the financial services provider’s stock after purchasing an additional 4,449 shares during the quarter. QRG Capital Management Inc.’s holdings in Capital One Financial were worth $20,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Capital One Financial by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock worth $13,789,615,000 after acquiring an additional 360,071 shares during the period. Franklin Resources Inc. grew its stake in shares of Capital One Financial by 12.8% during the 3rd quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock worth $2,516,587,000 after acquiring an additional 1,339,215 shares during the period. Davis Selected Advisers grew its stake in shares of Capital One Financial by 2.8% during the 4th quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock worth $2,087,878,000 after acquiring an additional 234,649 shares during the period. Capital Research Global Investors grew its stake in shares of Capital One Financial by 3.7% during the 3rd quarter. Capital Research Global Investors now owns 8,426,060 shares of the financial services provider’s stock worth $1,791,264,000 after acquiring an additional 302,733 shares during the period. Finally, Viking Global Investors LP grew its stake in shares of Capital One Financial by 30.3% during the 3rd quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after acquiring an additional 1,717,148 shares during the period. Institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

COF has been the subject of several research reports. HSBC cut their price target on Capital One Financial from $234.00 to $226.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. JPMorgan Chase & Co. increased their price target on Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. BTIG Research reiterated a “buy” rating and set a $224.00 price target on shares of Capital One Financial in a research note on Wednesday, April 22nd. Truist Financial cut their price target on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a research note on Friday, March 27th. Eighteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.14.

Capital One Financial Stock Down 1.0%

Shares of NYSE COF opened at $190.08 on Tuesday. Capital One Financial Corporation has a 52 week low of $174.98 and a 52 week high of $259.64. The business has a 50-day simple moving average of $190.44 and a two-hundred day simple moving average of $213.44. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The company has a market cap of $118.22 billion, a P/E ratio of 66.70, a P/E/G ratio of 0.70 and a beta of 1.05.

Capital One Financial (NYSE:COF) last issued its 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). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The company had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.68 billion. During the same quarter in the prior year, the business earned $4.06 EPS. The firm’s revenue for the quarter was up 52.3% compared to the same quarter last year. Research analysts anticipate that Capital One Financial Corporation will post 19.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Neal Blinde sold 38,135 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total value of $7,265,098.85. Following the sale, the insider owned 33,551 shares in the company, valued at approximately $6,391,801.01. This trade represents a 53.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lia Dean sold 1,692 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total value of $314,052.12. Following the transaction, the insider owned 65,454 shares of the company’s stock, valued at approximately $12,148,916.94. The trade was a 2.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 49,688 shares of company stock worth $9,618,969. 0.78% of the stock is currently owned by corporate insiders.

About Capital One Financial

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.