Capital One Financial Corporation $COF Stock: D.A. Davidson & CO. Trims Holdings

D.A. Davidson & CO. decreased its stake in Capital One Financial Corporation (NYSE:COF) by 3.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,519 shares of the financial services provider’s stock after selling 3,370 shares during the period. D.A. Davidson & CO.’s holdings in Capital One Financial were worth $16,511,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Motley Fool Asset Management LLC acquired a new position in shares of Capital One Financial during the 3rd quarter worth approximately $8,652,000. North Dakota State Investment Board raised its stake in shares of Capital One Financial by 3.4% during the 3rd quarter. North Dakota State Investment Board now owns 18,888 shares of the financial services provider’s stock worth $3,647,000 after purchasing an additional 616 shares in the last quarter. VestGen Advisors LLC raised its stake in shares of Capital One Financial by 17.9% during the 3rd quarter. VestGen Advisors LLC now owns 14,500 shares of the financial services provider’s stock worth $2,799,000 after purchasing an additional 2,202 shares in the last quarter. BLB&B Advisors LLC raised its stake in shares of Capital One Financial by 1.1% during the 3rd quarter. BLB&B Advisors LLC now owns 53,073 shares of the financial services provider’s stock worth $10,247,000 after purchasing an additional 593 shares in the last quarter. Finally, Generali Asset Management SPA SGR boosted its holdings in shares of Capital One Financial by 7.1% in the 3rd quarter. Generali Asset Management SPA SGR now owns 31,537 shares of the financial services provider’s stock valued at $6,089,000 after buying an additional 2,104 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

Several equities analysts recently weighed in on COF shares. Bank of America decreased their target price on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on shares of Capital One Financial in a report on Thursday, August 20th. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. TD Cowen upped their price target on shares of Capital One Financial from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Finally, UBS Group reiterated a “buy” rating on shares of Capital One Financial in a research note on Thursday, October 22nd. Twenty investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus target price of $256.77.

Capital One Financial Trading Up 1.9%

Capital One Financial stock opened at $208.70 on Friday. The stock has a 50-day simple moving average of $204.82 and a 200 day simple moving average of $201.76. The stock has a market capitalization of $128.03 billion, a P/E ratio of 12.32, a PEG ratio of 0.94 and a beta of 1.04. 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 52 week low of $174.24 and a 52 week high of $259.64.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.53 by $1.16. The firm had revenue of $16.31 billion for the quarter, compared to analyst estimates of $16.25 billion. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.95 earnings per share. Analysts expect that Capital One Financial Corporation will post 21.45 earnings per share for the current 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.