3,877 Capital One Financial Corporation $COF Shares Purchased by Parcion Private Wealth LLC

Parcion Private Wealth LLC raised its stake in Capital One Financial Corporation (NYSE:COF) by 99.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,772 shares of the financial services provider’s stock after buying an additional 3,877 shares during the period. Parcion Private Wealth LLC’s holdings in Capital One Financial were worth $1,501,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in COF. Soltis Investment Advisors LLC increased its position in Capital One Financial by 118.9% during the 3rd quarter. Soltis Investment Advisors LLC now owns 16,708 shares of the financial services provider’s stock valued at $3,226,000 after purchasing an additional 9,076 shares during the period. Founders Financial Securities LLC lifted its position in shares of Capital One Financial by 1.0% in the 3rd quarter. Founders Financial Securities LLC now owns 7,963 shares of the financial services provider’s stock worth $1,537,000 after purchasing an additional 76 shares during the period. Interchange Capital Partners LLC lifted its position in shares of Capital One Financial by 8.0% in the 3rd quarter. Interchange Capital Partners LLC now owns 1,599 shares of the financial services provider’s stock worth $309,000 after purchasing an additional 119 shares during the period. Fonville Wealth Management LLC bought a new stake in shares of Capital One Financial in the 3rd quarter valued at $1,345,000. Finally, Elwood & Goetz Wealth Advisory Group LLC boosted its stake in shares of Capital One Financial by 5.4% in the 3rd quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,919 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 99 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

COF has been the subject of several recent analyst reports. Barclays increased their price objective on shares of Capital One Financial from $237.00 to $238.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. TD Cowen boosted their target price on shares of Capital One Financial from $242.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Wolfe Research boosted their target price on shares of Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Evercore reiterated an “outperform” rating and set a $230.00 price target on shares of Capital One Financial in a report on Tuesday. Finally, BMO Capital Markets lifted their price objective on Capital One Financial from $219.00 to $225.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 21st. Twenty 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $256.77.

Insider Transactions at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $196.22, for a total value of $686,770.00. Following the sale, the general counsel directly owned 79,694 shares in the company, valued at approximately $15,637,556.68. The trade was a 4.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard D. Fairbank sold 90,743 shares of the business’s stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $202.86, for a total transaction of $18,408,124.98. Following the sale, the chief executive officer directly owned 4,018,520 shares in the company, valued at $815,196,967.20. The trade was a 2.21% 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. Over the last three months, insiders have sold 115,194 shares of company stock worth $23,546,209. 0.78% of the stock is owned by insiders.

Capital One Financial Stock Down 1.8%

COF stock opened at $204.88 on Friday. 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 Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The stock’s 50 day simple moving average is $204.67 and its 200 day simple moving average is $201.62. The company has a market cap of $125.69 billion, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 0.93 and a beta of 1.04.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $16.25 billion. During the same quarter last year, the firm earned $5.95 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, research analysts expect that Capital One Financial Corporation will post 21.53 earnings per share 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.