Capital One Financial Corporation $COF Shares Acquired by Parcion Private Wealth LLC

Parcion Private Wealth LLC grew its stake in shares of Capital One Financial Corporation (NYSE:COF) by 99.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,772 shares of the financial services provider’s stock after buying an additional 3,877 shares during the period. Parcion Private Wealth LLC’s holdings in Capital One Financial were worth $1,501,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of COF. Soltis Investment Advisors LLC lifted its stake in Capital One Financial by 118.9% in the 3rd quarter. Soltis Investment Advisors LLC now owns 16,708 shares of the financial services provider’s stock worth $3,226,000 after purchasing an additional 9,076 shares in the last quarter. Founders Financial Securities LLC boosted its holdings in Capital One Financial by 1.0% in the 3rd quarter. Founders Financial Securities LLC now owns 7,963 shares of the financial services provider’s stock valued at $1,537,000 after purchasing an additional 76 shares during the period. Interchange Capital Partners LLC grew its position in shares of Capital One Financial by 8.0% during the 3rd quarter. Interchange Capital Partners LLC now owns 1,599 shares of the financial services provider’s stock valued at $309,000 after purchasing an additional 119 shares in the last quarter. Fonville Wealth Management LLC purchased a new position in shares of Capital One Financial during the 3rd quarter valued at $1,345,000. Finally, Elwood & Goetz Wealth Advisory Group LLC grew its position in shares of Capital One Financial by 5.4% during the 3rd quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,919 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 99 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on COF shares. Wolfe Research upped their price target 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. Barclays boosted their target price on Capital One Financial from $237.00 to $238.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Weiss Ratings upgraded Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 21st. UBS Group reaffirmed a “buy” rating on shares of Capital One Financial in a report on Thursday, October 22nd. Finally, JPMorgan Chase & Co. lifted their price target on Capital One Financial from $227.00 to $241.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Twenty investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $256.77.

Capital One Financial Price Performance

COF stock opened at $204.88 on Friday. The firm has a 50 day simple moving average of $204.67 and a two-hundred day simple moving average of $201.62. The stock has a market cap of $125.69 billion, a PE ratio of 12.09, a P/E/G ratio of 0.93 and a beta of 1.04. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, beating 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 quarter last year, the company posted $5.95 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts predict that Capital One Financial Corporation will post 21.53 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Lia Dean sold 2,193 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the transaction, the insider directly owned 63,261 shares in the company, valued at approximately $14,266,620.72. This represents a 3.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 2,017 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $206.07, for a total value of $415,643.19. Following the transaction, the insider directly owned 57,696 shares in the company, valued at approximately $11,889,414.72. This represents a 3.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 115,194 shares of company stock valued at $23,546,209 in the last three months. 0.78% of the stock is owned by corporate insiders.

Capital One Financial 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.