Capital One Financial Corporation $COF Shares Sold by TrinityBridge Ltd

TrinityBridge Ltd decreased its position in shares of Capital One Financial Corporation (NYSE:COF) by 62.3% during the third quarter, Holdings Channel.com reports. The fund owned 260,397 shares of the financial services provider’s stock after selling 430,520 shares during the quarter. Capital One Financial accounts for 1.5% of TrinityBridge Ltd’s investment portfolio, making the stock its 20th largest holding. TrinityBridge Ltd’s holdings in Capital One Financial were worth $50,294,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Compass Wealth Management LLC purchased a new stake in shares of Capital One Financial in the third quarter worth $25,000. Solstein Capital LLC bought a new position in Capital One Financial in the 2nd quarter worth $26,000. Torren Management LLC increased its stake in Capital One Financial by 114.8% in the 3rd quarter. Torren Management LLC now owns 131 shares of the financial services provider’s stock worth $25,000 after buying an additional 70 shares in the last quarter. Gilpin Wealth Management LLC purchased a new stake in Capital One Financial in the 3rd quarter worth $27,000. Finally, Ballast Advisors LLC bought a new stake in Capital One Financial during the first quarter valued at about $27,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Down 1.0%

Shares of COF opened at $208.70 on Wednesday. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The company has a market cap of $128.03 billion, a P/E ratio of 12.32, a P/E/G ratio of 0.96 and a beta of 1.10. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. The company’s fifty day simple moving average is $204.37 and its 200-day simple moving average is $201.38.

Capital One Financial (NYSE:COF) last released 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. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The firm had revenue of $16.31 billion during the quarter, compared to analysts’ expectations of $16.25 billion. During the same period in the previous year, the company earned $5.95 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, analysts expect that Capital One Financial Corporation will post 21.53 EPS for the current year.

Insider Buying and Selling

In other news, insider Celia Karam sold 1,927 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $195.86, for a total transaction of $377,422.22. Following the transaction, the insider owned 55,774 shares of the company’s stock, valued at approximately $10,923,895.64. This represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $218.02, for a total value of $1,193,223.46. Following the completion of the sale, the insider owned 27,992 shares in the company, valued at approximately $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 115,194 shares of company stock worth $23,546,209 over the last three months. 0.78% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

COF has been the subject of a number of recent analyst reports. UBS Group dropped their price objective on Capital One Financial from $280.00 to $274.00 and set a “buy” rating for the company in a research note on Monday. Wolfe Research lifted their target price on Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Bank of America lowered their price target on Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Weiss Ratings upgraded Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 21st. Finally, Wall Street Zen cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Twenty investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $256.50.

Capital One Financial Company 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.