Provenance Wealth Advisors LLC Purchases 7,588 Shares of Capital One Financial Corporation $COF

Provenance Wealth Advisors LLC grew its position in Capital One Financial Corporation (NYSE:COF) by 13,550.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,644 shares of the financial services provider’s stock after purchasing an additional 7,588 shares during the period. Provenance Wealth Advisors LLC’s holdings in Capital One Financial were worth $1,476,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COF. Associated Banc Corp acquired a new position in Capital One Financial in the third quarter valued at about $41,164,000. Putney Financial Group LLC bought a new stake in shares of Capital One Financial in the third quarter worth about $91,000. Torren Management LLC raised its position in shares of Capital One Financial by 114.8% during the third quarter. Torren Management LLC now owns 131 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 70 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in shares of Capital One Financial during the third quarter worth about $200,000. Finally, XML Financial LLC raised its position in shares of Capital One Financial by 3.2% during the third quarter. XML Financial LLC now owns 4,605 shares of the financial services provider’s stock worth $889,000 after purchasing an additional 142 shares during the period. 89.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on COF shares. Weiss Ratings upgraded Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 21st. Wolfe Research raised their target price on shares of Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Evercore reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Capital One Financial in a research note on Tuesday, October 27th. Morgan Stanley reduced their price target on shares of Capital One Financial from $273.00 to $267.00 and set an “overweight” rating for the company in a report on Monday, October 12th. Finally, UBS Group lowered their price objective on shares of Capital One Financial from $280.00 to $274.00 and set a “buy” rating for the company in a research report on Monday. Twenty research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $256.50.

Capital One Financial Stock Down 1.0%

Capital One Financial stock opened at $208.70 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The company has a fifty day simple moving average of $204.37 and a 200 day simple moving average of $201.38. The company has a market cap of $128.03 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 0.96 and a beta of 1.10.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 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 firm had revenue of $16.31 billion for the quarter, compared to analysts’ expectations of $16.25 billion. During the same period in the previous year, the firm posted $5.95 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Research analysts anticipate that Capital One Financial Corporation will post 21.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Matthew 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 value of $686,770.00. Following the sale, the general counsel owned 79,694 shares of the company’s stock, valued at approximately $15,637,556.68. The trade was a 4.21% decrease in their ownership of the stock. 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, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction dated Monday, August 10th. The shares were 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 directly owned 27,992 shares in the company, valued at approximately $6,102,815.84. This represents a 16.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 115,194 shares of company stock worth $23,546,209 over 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.