Sky Investment Group LLC Invests $322,000 in Capital One Financial Corp. (COF)
Sky Investment Group LLC purchased a new stake in shares of Capital One Financial Corp. (NYSE:COF) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,505 shares of the financial services provider’s stock, valued at approximately $322,000.
Several other institutional investors also recently bought and sold shares of COF. Bank of Montreal Can purchased a new position in shares of Capital One Financial during the 2nd quarter valued at $162,373,000. JPMorgan Chase & Co. grew its holdings in shares of Capital One Financial by 10.4% during the 1st quarter. JPMorgan Chase & Co. now owns 18,151,777 shares of the financial services provider’s stock valued at $1,739,303,000 after acquiring an additional 1,712,501 shares in the last quarter. Epoch Investment Partners Inc. bought a new stake in Capital One Financial in the second quarter worth $75,707,000. TD Asset Management Inc. boosted its holdings in Capital One Financial by 339.9% in the second quarter. TD Asset Management Inc. now owns 886,903 shares of the financial services provider’s stock worth $81,506,000 after purchasing an additional 685,275 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Capital One Financial by 2.3% in the first quarter. BlackRock Inc. now owns 29,763,273 shares of the financial services provider’s stock worth $2,851,916,000 after purchasing an additional 661,251 shares in the last quarter. Institutional investors and hedge funds own 88.25% of the company’s stock.
COF has been the subject of a number of recent research reports. Citigroup decreased their price objective on shares of Capital One Financial from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, June 18th. Zacks Investment Research raised shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research report on Tuesday, July 24th. Oppenheimer set a $116.00 target price on shares of Capital One Financial and gave the stock a “buy” rating in a research report on Thursday, July 19th. UBS Group cut their target price 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. Finally, Morgan Stanley boosted their target price on shares of Capital One Financial from $104.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Friday, July 20th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $111.15.
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 Zacks’ consensus estimate of $2.63 by $0.59. The business 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%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.96 earnings per share. equities analysts predict that Capital One Financial Corp. will post 11.05 EPS for the current year.
In other news, CEO Richard D. Fairbank sold 242,090 shares of the company’s stock in a transaction dated Tuesday, July 24th. The shares were sold at an average price of $99.33, for a total transaction of $24,046,799.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Timothy P. Golden sold 4,073 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $95.85, for a total transaction of $390,397.05. The disclosure for this sale can be found here. Insiders have sold 285,955 shares of company stock valued at $28,384,891 in the last ninety days. 1.40% of the stock is owned by company insiders.
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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