Canton Hathaway LLC Invests $213,000 in Capital One Financial Corporation $COF

Canton Hathaway LLC acquired a new position in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,000 shares of the financial services provider’s stock, valued at approximately $213,000.

Several other large investors have also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Capital One Financial by 588,668.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after acquiring an additional 117,427,549 shares during the last quarter. Vanguard Group Inc. lifted its stake in Capital One Financial by 1.6% in the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider’s stock worth $5,782,590,000 after acquiring an additional 506,105 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Capital One Financial by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock worth $889,519,000 after acquiring an additional 950,415 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Capital One Financial by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock worth $854,647,000 after acquiring an additional 734,939 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Capital One Financial by 45.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider’s stock valued at $838,609,000 after purchasing an additional 1,454,595 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $218.21 on Friday. The firm’s fifty day simple moving average is $219.86 and its 200-day simple moving average is $207.06. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The stock has a market capitalization of $139.55 billion, a price-to-earnings ratio of 92.07, a PEG ratio of 0.70 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $1.70. The company had revenue of $15.36 billion for the quarter, compared to the consensus estimate of $15.06 billion. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. Capital One Financial’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same period last year, the firm posted $4.51 EPS. As a group, equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on COF. Wells Fargo & Company raised their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Keefe, Bruyette & Woods raised their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. Robert W. Baird raised their price objective on shares of Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Citigroup raised their price objective on shares of Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Four analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard D. Fairbank sold 103,486 shares of Capital One Financial stock in a transaction on Monday, October 27th. The shares were sold at an average price of $225.68, for a total transaction of $23,354,720.48. Following the completion of the transaction, the chief executive officer owned 4,051,228 shares in the company, valued at approximately $914,281,135.04. This represents a 2.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 116,670 shares of company stock valued at $26,153,969. Company insiders own 1.26% of the company’s stock.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.