Capital One Financial Corporation $COF Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in Capital One Financial Corporation (NYSE:COF) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 693,842 shares of the financial services provider’s stock after selling 9,684 shares during the quarter. Principal Financial Group Inc. owned approximately 0.11% of Capital One Financial worth $147,497,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COF. Souders Financial Advisors grew its stake in Capital One Financial by 10.7% during the 3rd quarter. Souders Financial Advisors now owns 2,749 shares of the financial services provider’s stock valued at $584,000 after purchasing an additional 266 shares in the last quarter. Financial Strategies Group Inc. boosted its stake in shares of Capital One Financial by 5.0% during the 3rd quarter. Financial Strategies Group Inc. now owns 43,474 shares of the financial services provider’s stock valued at $9,638,000 after buying an additional 2,067 shares during the last quarter. Fortem Financial Group LLC boosted its stake in shares of Capital One Financial by 17.0% during the 3rd quarter. Fortem Financial Group LLC now owns 8,179 shares of the financial services provider’s stock valued at $1,739,000 after buying an additional 1,188 shares during the last quarter. Horizon Wealth Management LLC acquired a new stake in shares of Capital One Financial during the third quarter worth approximately $210,000. Finally, Mutual Advisors LLC increased its stake in shares of Capital One Financial by 12.7% in the third quarter. Mutual Advisors LLC now owns 2,384 shares of the financial services provider’s stock worth $525,000 after buying an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Celia Karam sold 2,064 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $244.35, for a total transaction of $504,338.40. Following the completion of the transaction, the insider directly owned 61,373 shares of the company’s stock, valued at $14,996,492.55. The trade was a 3.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $250.00, for a total transaction of $500,000.00. Following the completion of the sale, the general counsel owned 92,486 shares in the company, valued at $23,121,500. The trade was a 2.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 89,922 shares of company stock worth $20,480,489 over the last 90 days. Corporate insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on COF. Zacks Research downgraded shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Truist Financial decreased their price target on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft lowered their price objective on Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a report on Friday, January 23rd. Wells Fargo & Company increased their target price on Capital One Financial from $265.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Finally, TD Cowen reiterated a “buy” rating on shares of Capital One Financial in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $274.70.

Capital One Financial Trading Up 2.3%

NYSE:COF opened at $223.87 on Tuesday. The firm has a market capitalization of $142.32 billion, a P/E ratio of 75.63, a P/E/G ratio of 0.65 and a beta of 1.14. The business has a 50 day simple moving average of $235.12 and a 200 day simple moving average of $223.45. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The company had revenue of $15.62 billion during the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter in the previous year, the business posted $2.67 earnings per share. The business’s quarterly revenue was up 53.3% compared to the same quarter last year. Equities research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.