Welch & Forbes LLC boosted its position in Capital One Financial Corp. (NYSE:COF) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,268 shares of the financial services provider’s stock after buying an additional 1,536 shares during the period. Welch & Forbes LLC’s holdings in Capital One Financial were worth $15,978,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Resources Management Corp CT ADV acquired a new position in Capital One Financial during the 3rd quarter valued at about $27,000. KCS Wealth Advisory acquired a new position in Capital One Financial during the 3rd quarter valued at about $45,000. Vista Private Wealth Partners. LLC acquired a new position in Capital One Financial during the 3rd quarter valued at about $58,000. Strategic Blueprint LLC acquired a new position in Capital One Financial during the 3rd quarter valued at about $59,000. Finally, Usca Ria LLC acquired a new position in Capital One Financial during the 3rd quarter valued at about $62,000. 89.00% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Kevin S. Borgmann sold 78,695 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $99.92, for a total value of $7,863,204.40. Following the transaction, the chief executive officer now owns 78,944 shares in the company, valued at approximately $7,888,084.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Timothy P. Golden sold 2,216 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $94.50, for a total value of $209,412.00. The disclosure for this sale can be found here. Insiders sold a total of 281,026 shares of company stock worth $28,179,260 in the last 90 days. Company insiders own 1.43% of the company’s stock.
Shares of NYSE COF traded up $1.08 during midday trading on Friday, reaching $104.00. The company’s stock had a trading volume of 83,099 shares, compared to its average volume of 1,911,058. Capital One Financial Corp. has a 12-month low of $76.82 and a 12-month high of $105.70. The firm has a 50 day moving average price of $102.16 and a 200-day moving average price of $93.94. The stock has a market capitalization of $47.76 billion, a P/E ratio of 9.56, a PEG ratio of 1.14 and a beta of 1.29. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.02 and a quick ratio of 1.01.
Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, October 24th. The financial services provider reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.45. Capital One Financial had a return on equity of 10.40% and a net margin of 16.84%. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter in the previous year, the business earned $3.12 EPS. The company’s revenue was up .0% compared to the same quarter last year. On average, equities analysts predict that Capital One Financial Corp. will post 12 EPS for the current year.
A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Capital One Financial from a “buy” rating to a “hold” rating and set a $101.00 price target for the company. in a research note on Wednesday, October 30th. Citigroup lifted their price target on Capital One Financial from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Morgan Stanley reiterated a “hold” rating and set a $104.00 price target on shares of Capital One Financial in a research note on Tuesday, October 29th. Credit Suisse Group set a $116.00 price target on Capital One Financial and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Barclays reiterated a “buy” rating and set a $136.00 price target on shares of Capital One Financial in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $111.69.
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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