Capital One Financial Corporation $COF Stock Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC increased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 13,550.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,644 shares of the financial services provider’s stock after buying an additional 7,588 shares during the period. Provenance Wealth Advisors LLC’s holdings in Capital One Financial were worth $1,476,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Associated Banc Corp acquired a new position in shares of Capital One Financial during the third quarter worth approximately $41,164,000. Putney Financial Group LLC acquired a new stake in shares of Capital One Financial in the third quarter valued at approximately $91,000. Torren Management LLC increased its holdings in shares of Capital One Financial by 114.8% in the third quarter. Torren Management LLC now owns 131 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 70 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in shares of Capital One Financial in the third quarter valued at approximately $200,000. Finally, XML Financial LLC raised its position in Capital One Financial by 3.2% in the 3rd quarter. XML Financial LLC now owns 4,605 shares of the financial services provider’s stock worth $889,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the topic of several research reports. Weiss Ratings raised Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 21st. Bank of America lowered their target price on Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. HSBC raised Capital One Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $226.00 to $229.00 in a research note on Sunday, July 12th. Finally, Citigroup raised their price target on Capital One Financial from $280.00 to $285.00 and gave the company a “buy” rating in a 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $256.50.

Capital One Financial Trading Down 1.0%

Shares of NYSE COF opened at $208.70 on Wednesday. The company’s 50 day simple moving average is $204.37 and its 200 day simple moving average is $201.38. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The firm has a market capitalization 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 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 released its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, topping analysts’ consensus estimates of $5.53 by $1.16. The firm had revenue of $16.31 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.95 EPS. On average, analysts predict that Capital One Financial Corporation will post 21.53 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Richard Fairbank sold 90,743 shares of the firm’s stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $202.86, for a total value of $18,408,124.98. Following the transaction, the chief executive officer directly owned 4,018,520 shares in the company, valued at $815,196,967.20. This trade represents a 2.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction on Monday, August 10th. The stock was sold at an average price of $218.02, for a total value of $1,193,223.46. Following the sale, the insider directly owned 27,992 shares of the company’s stock, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 115,194 shares of company stock worth $23,546,209 over the last three months. Insiders own 0.78% of the company’s stock.

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.