Mainstay Capital Management LLC ADV increased its holdings in shares of Capital One Financial Corp. (NYSE:COF) by 9,090.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,925 shares of the financial services provider’s stock after acquiring an additional 68,175 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in Capital One Financial were worth $750,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. TLP Group LLC acquired a new position in shares of Capital One Financial in the 1st quarter worth approximately $103,000. Well Done LLC purchased a new stake in Capital One Financial during the 1st quarter worth approximately $106,000. Integrated Investment Consultants LLC purchased a new stake in Capital One Financial during the 2nd quarter worth approximately $108,000. Kaizen Advisory LLC increased its stake in Capital One Financial by 161.0% during the 2nd quarter. Kaizen Advisory LLC now owns 1,198 shares of the financial services provider’s stock worth $110,000 after buying an additional 739 shares during the period. Finally, Sun Life Financial INC increased its stake in Capital One Financial by 518.3% during the 2nd quarter. Sun Life Financial INC now owns 1,317 shares of the financial services provider’s stock worth $121,000 after buying an additional 1,104 shares during the period. Institutional investors own 88.29% of the company’s stock.
COF has been the topic of several recent research reports. Citigroup dropped their price objective on shares of Capital One Financial from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, June 18th. Credit Suisse Group raised shares of Capital One Financial from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $110.00 to $120.00 in a research report on Monday, July 2nd. UBS Group raised shares of Capital One Financial from a “market perform” rating to an “outperform” rating in a research report on Monday, July 9th. Oppenheimer raised shares of Capital One Financial from a “market perform” rating to an “outperform” rating and set a $113.00 target price on the stock in a research report on Monday, July 9th. Finally, Morgan Stanley increased their target price on shares of Capital One Financial from $104.00 to $109.00 and gave the company an “equal weight” rating in a research report on Friday, July 20th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Capital One Financial presently has an average rating of “Buy” and an average price target of $111.10.
In other news, insider Kevin S. Borgmann sold 19,117 shares of Capital One Financial stock in a transaction dated Tuesday, July 24th. The shares were sold at an average price of $100.00, for a total transaction of $1,911,700.00. Following the completion of the sale, the insider now directly owns 62,567 shares in the company, valued at $6,256,700. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard D. Fairbank sold 242,090 shares of Capital One Financial stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $99.33, for a total transaction of $24,046,799.70. The disclosure for this sale can be found here. Insiders have sold a total of 281,726 shares of company stock valued at $27,993,497 over the last 90 days. 1.40% of the stock is currently owned by insiders.
NYSE:COF traded down $0.15 during trading hours on Friday, reaching $90.79. 3,422,940 shares of the company’s stock were exchanged, compared to its average volume of 2,422,047. Capital One Financial Corp. has a 1-year low of $83.88 and a 1-year high of $106.50. The stock has a market cap of $45.42 billion, a P/E ratio of 11.65, a P/E/G ratio of 0.81 and a beta of 1.29. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.98 and a quick ratio of 0.98.
Capital One Financial (NYSE:COF) last released its earnings results on Thursday, July 19th. The financial services provider reported $3.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.63 by $0.59. The company had revenue of $7.19 billion during the quarter, compared to analysts’ expectations of $6.95 billion. Capital One Financial had a net margin of 10.73% and a return on equity of 10.44%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business earned $1.96 EPS. Sell-side analysts expect that Capital One Financial Corp. will post 11.04 EPS for the current fiscal year.
Capital One Financial Profile
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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