Summit Wealth Group LLC Co. Acquires 3,446 Shares of Capital One Financial Corporation $COF

Summit Wealth Group LLC Co. boosted its holdings in Capital One Financial Corporation (NYSE:COF) by 212.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,066 shares of the financial services provider’s stock after purchasing an additional 3,446 shares during the quarter. Summit Wealth Group LLC Co.’s holdings in Capital One Financial were worth $978,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in COF. One Way Holdings LLC boosted its stake in Capital One Financial by 8.4% in the 3rd quarter. One Way Holdings LLC now owns 1,297 shares of the financial services provider’s stock worth $250,000 after buying an additional 100 shares during the last quarter. Welch Group LLC grew its holdings in Capital One Financial by 10.9% in the 3rd quarter. Welch Group LLC now owns 2,675 shares of the financial services provider’s stock valued at $516,000 after buying an additional 263 shares during the period. Woodmont Investment Counsel LLC increased its stake in shares of Capital One Financial by 5.4% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 2,420 shares of the financial services provider’s stock valued at $467,000 after acquiring an additional 123 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Capital One Financial by 8.5% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 415,178 shares of the financial services provider’s stock valued at $80,407,000 after acquiring an additional 32,676 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Capital One Financial during the 3rd quarter valued at about $34,470,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on COF shares. Morgan Stanley cut their price objective on shares of Capital One Financial from $273.00 to $267.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. TD Cowen boosted their target price on shares of Capital One Financial from $242.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Piper Sandler upped their price target on shares of Capital One Financial from $260.00 to $269.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Evercore reaffirmed an “outperform” rating and set a $230.00 price target on shares of Capital One Financial in a research report on Tuesday, October 27th. Finally, BMO Capital Markets increased their price target on shares of Capital One Financial from $219.00 to $225.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 21st. Twenty research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $256.50.

Capital One Financial Trading Down 1.0%

NYSE:COF opened at $208.70 on Wednesday. The stock has a market cap of $128.03 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 0.96 and a beta of 1.10. 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 quick ratio of 1.02 and a current ratio of 1.02. The business’s 50-day simple moving average is $204.37 and its 200 day simple moving average is $201.38.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, beating analysts’ consensus estimates of $5.53 by $1.16. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The firm had revenue of $16.31 billion during the quarter, compared to analyst estimates of $16.25 billion. During the same quarter last year, the firm earned $5.95 EPS. Capital One Financial’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts predict that Capital One Financial Corporation will post 21.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Celia Karam sold 2,017 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $206.07, for a total transaction of $415,643.19. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew Cooper sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $196.22, for a total transaction of $686,770.00. Following the sale, the general counsel directly owned 79,694 shares of the company’s stock, valued at $15,637,556.68. The trade was a 4.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 115,194 shares of company stock worth $23,546,209 over the last 90 days. 0.78% of the stock is currently owned by corporate insiders.

Capital One Financial Company 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.