Capital One Financial Corporation $COF Shares Sold by Verde Servicos Internacionais S.A.

Verde Servicos Internacionais S.A. trimmed its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 25.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the financial services provider’s stock after selling 3,500 shares during the period. Capital One Financial comprises approximately 0.7% of Verde Servicos Internacionais S.A.’s investment portfolio, making the stock its 26th largest holding. Verde Servicos Internacionais S.A.’s holdings in Capital One Financial were worth $1,931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp increased its holdings in Capital One Financial by 107.9% during the second 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 last quarter. Bank of America Corp DE bought a new stake in Capital One Financial in the second quarter worth about $1,435,311,000. Legal & General Group Plc purchased a new position in Capital One Financial in the second quarter valued at about $680,983,000. Berkshire Hathaway Inc purchased a new position in Capital One Financial in the second quarter valued at about $601,860,000. Finally, Canada Pension Plan Investment Board purchased a new position in Capital One Financial in the second quarter valued at about $482,718,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on COF shares. Citigroup raised their price target on shares of Capital One Financial from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. Weiss Ratings upgraded Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 21st. Morgan Stanley reduced their price objective on Capital One Financial from $273.00 to $267.00 and set an “overweight” rating for the company in a report on Monday, October 12th. Evercore reissued an “outperform” rating and issued a $230.00 target price on shares of Capital One Financial in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 target price on Capital One Financial in a research report on Thursday, August 20th. Twenty analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and an average target price of $256.77.

Capital One Financial Price Performance

NYSE COF opened at $203.66 on Wednesday. The company’s 50 day moving average is $205.39 and its 200-day moving average is $202.22. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, topping analysts’ consensus estimates of $5.53 by $1.16. The company had revenue of $16.31 billion during the quarter, compared to the consensus estimate of $16.25 billion. Capital One Financial’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $5.95 earnings per share. On average, equities analysts expect that Capital One Financial Corporation will post 21.28 EPS for the current year.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’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 owned 79,694 shares of the company’s stock, valued at $15,637,556.68. This trade represents a 4.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the completion of the sale, the insider directly owned 26,328 shares in the company, valued at $5,523,087.84. This represents a 26.98% 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. Insiders have sold a total of 34,177 shares of company stock worth $7,178,405 in the last ninety days. Insiders own 0.78% of the company’s stock.

About Capital One Financial

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.