Capital One Financial Corporation $COF Stock Sold by TrinityBridge Ltd

TrinityBridge Ltd lowered its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 62.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,397 shares of the financial services provider’s stock after selling 430,520 shares during the period. Capital One Financial makes up 1.5% of TrinityBridge Ltd’s investment portfolio, making the stock its 20th largest holding. TrinityBridge Ltd’s holdings in Capital One Financial were worth $50,294,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. State Street Corp increased its stake in shares of Capital One Financial by 107.9% during the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock valued at $11,491,259,000 after purchasing an additional 29,724,829 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Capital One Financial by 0.5% during the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock valued at $10,242,628,000 after purchasing an additional 236,643 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Capital One Financial in the 2nd quarter worth approximately $1,435,311,000. Wellington Management Group LLP boosted its position in shares of Capital One Financial by 36.2% in the 2nd quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider’s stock worth $1,426,029,000 after purchasing an additional 1,887,497 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Capital One Financial by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider’s stock worth $1,127,733,000 after buying an additional 187,532 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, General Counsel Matthew Cooper sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $196.22, for a total transaction of $686,770.00. Following the completion of the sale, the general counsel directly owned 79,694 shares of the company’s stock, valued at approximately $15,637,556.68. This represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Fairbank sold 90,743 shares of the stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $202.86, for a total transaction of $18,408,124.98. Following the completion of the transaction, the chief executive officer owned 4,018,520 shares in the company, valued at $815,196,967.20. The trade was a 2.21% 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 quarter. Insiders own 0.78% of the company’s stock.

Capital One Financial Trading Down 1.0%

Capital One Financial stock opened at $208.70 on Wednesday. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64. The company has a market cap of $128.03 billion, a P/E ratio of 12.32, a P/E/G ratio of 0.96 and a beta of 1.10. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45. The business has a 50-day simple moving average of $204.37 and a two-hundred day simple moving average of $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, topping the consensus estimate of $5.53 by $1.16. The firm had revenue of $16.31 billion for the quarter, compared to analysts’ expectations of $16.25 billion. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.95 EPS. Analysts predict that Capital One Financial Corporation will post 21.53 EPS for the current year.

Wall Street Analyst Weigh In

COF has been the subject of a number of recent research reports. TD Cowen lifted their price objective on Capital One Financial from $242.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Barclays raised their price target on Capital One Financial from $237.00 to $238.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Evercore reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Capital One Financial in a research report on Tuesday, October 27th. UBS Group dropped their price target on shares of Capital One Financial from $280.00 to $274.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Piper Sandler increased their price objective on shares of Capital One Financial from $260.00 to $269.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Twenty analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $256.50.

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.