Capital One Financial Corporation $COF Stake Lowered by ProShare Advisors LLC

ProShare Advisors LLC cut its stake in Capital One Financial Corporation (NYSE:COF) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,272 shares of the financial services provider’s stock after selling 2,672 shares during the quarter. ProShare Advisors LLC’s holdings in Capital One Financial were worth $24,959,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Krilogy Financial LLC lifted its position in shares of Capital One Financial by 69.0% in the third quarter. Krilogy Financial LLC now owns 25,629 shares of the financial services provider’s stock worth $4,948,000 after buying an additional 10,464 shares during the last quarter. Sculptor Capital LP acquired a new position in shares of Capital One Financial during the 1st quarter valued at about $33,932,000. The Manufacturers Life Insurance Company acquired a new position in shares of Capital One Financial during the 2nd quarter valued at about $73,364,000. Swiss National Bank increased its holdings in shares of Capital One Financial by 6.5% during the 1st quarter. Swiss National Bank now owns 1,865,716 shares of the financial services provider’s stock valued at $340,363,000 after acquiring an additional 113,200 shares during the last quarter. Finally, Professional Financial Advisors LLC raised its stake in shares of Capital One Financial by 645.8% in the 2nd quarter. Professional Financial Advisors LLC now owns 9,710 shares of the financial services provider’s stock valued at $1,948,000 after acquiring an additional 8,408 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $210.54 on Tuesday. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The company has a market cap of $129.16 billion, a P/E ratio of 9.86, a P/E/G ratio of 0.94 and a beta of 1.04. The business’s 50 day moving average is $204.52 and its two-hundred day moving average is $201.51. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $16.25 billion. During the same quarter last year, the company posted $5.95 earnings per share. Capital One Financial’s quarterly revenue was up 6.4% on a year-over-year basis. On average, equities analysts expect that Capital One Financial Corporation will post 21.53 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on COF shares. Wolfe Research upped their target price on Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Piper Sandler boosted their price objective on shares of Capital One Financial from $260.00 to $269.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Weiss Ratings raised shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 21st. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $227.00 to $241.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 target price on shares of Capital One Financial in a research report on Thursday, August 20th. Twenty research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $256.50.

Insider Buying and Selling at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $196.22, for a total transaction of $686,770.00. Following the sale, the general counsel directly owned 79,694 shares of the company’s stock, valued at $15,637,556.68. This trade represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 2,017 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $206.07, for a total value of $415,643.19. Following the completion of the transaction, the insider directly owned 57,696 shares of the company’s stock, valued at approximately $11,889,414.72. This trade represents a 3.38% 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. Insiders have sold 115,194 shares of company stock valued at $23,546,209 in the last three months. Company 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.