Global X Management Co LLC Boosts Holdings in Capital One Financial Corp. (COF)

Global X Management Co LLC boosted its position in shares of Capital One Financial Corp. (NYSE:COF) by 29.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,883 shares of the financial services provider’s stock after buying an additional 2,480 shares during the quarter. Global X Management Co LLC’s holdings in Capital One Financial were worth $1,000,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. lifted its position in shares of Capital One Financial by 225.8% during the first quarter. Stratos Wealth Partners LTD. now owns 6,486 shares of the financial services provider’s stock valued at $622,000 after buying an additional 4,495 shares during the last quarter. Brinker Capital Inc. lifted its position in shares of Capital One Financial by 18.5% during the first quarter. Brinker Capital Inc. now owns 7,558 shares of the financial services provider’s stock valued at $724,000 after buying an additional 1,179 shares during the last quarter. Employees Retirement System of Texas lifted its position in shares of Capital One Financial by 57.7% during the first quarter. Employees Retirement System of Texas now owns 41,000 shares of the financial services provider’s stock valued at $3,929,000 after buying an additional 15,000 shares during the last quarter. First Allied Advisory Services Inc. lifted its position in shares of Capital One Financial by 29.0% during the first quarter. First Allied Advisory Services Inc. now owns 4,622 shares of the financial services provider’s stock valued at $441,000 after buying an additional 1,040 shares during the last quarter. Finally, Well Done LLC purchased a new stake in shares of Capital One Financial during the first quarter valued at about $106,000. 88.24% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Richard D. Fairbank sold 242,090 shares of the stock in a transaction that occurred on Tuesday, July 24th. The shares were sold at an average price of $99.33, for a total value of $24,046,799.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bradford H. Warner sold 4,229 shares of the stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $92.55, for a total transaction of $391,393.95. Following the completion of the transaction, the director now directly owns 56,221 shares of the company’s stock, valued at $5,203,253.55. The disclosure for this sale can be found here. Insiders sold a total of 285,955 shares of company stock valued at $28,384,891 over the last ninety days. 1.40% of the stock is currently owned by insiders.

Shares of Capital One Financial stock opened at $96.19 on Thursday. The company has a market capitalization of $46.71 billion, a P/E ratio of 12.35, a P/E/G ratio of 0.83 and a beta of 1.29. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.06. Capital One Financial Corp. has a 52 week low of $83.18 and a 52 week high of $106.50.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, July 19th. The financial services provider reported $3.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.63 by $0.59. The firm had revenue of $7.19 billion during the quarter, compared to analyst estimates of $6.95 billion. Capital One Financial had a net margin of 10.73% and a return on equity of 10.44%. Capital One Financial’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $1.96 EPS. analysts expect that Capital One Financial Corp. will post 11.04 EPS for the current fiscal year.

COF has been the subject of several analyst reports. BMO Capital Markets increased their price target on shares of Capital One Financial from $132.00 to $135.00 and gave the company an “outperform” rating in a research report on Monday, July 30th. Piper Jaffray Companies raised shares of Capital One Financial from a “neutral” rating to an “overweight” rating in a research report on Thursday, June 14th. Oppenheimer set a $116.00 price target on shares of Capital One Financial and gave the company a “buy” rating in a research report on Thursday, July 19th. Morgan Stanley increased their price target 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. Finally, UBS Group decreased their price target on shares of Capital One Financial from $116.00 to $113.00 and set a “buy” rating for the company in a research report on Tuesday, August 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $111.15.

Capital One Financial Company 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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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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