Golden State Equity Partners Lowers Holdings in Capital One Financial Co. (NYSE:COF)

Golden State Equity Partners lowered its stake in shares of Capital One Financial Co. (NYSE:COF) by 11.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,359 shares of the financial services provider’s stock after selling 168 shares during the period. Golden State Equity Partners’ holdings in Capital One Financial were worth $203,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. LRI Investments LLC purchased a new stake in Capital One Financial in the 1st quarter worth approximately $25,000. Y.D. More Investments Ltd purchased a new position in shares of Capital One Financial during the 2nd quarter valued at approximately $28,000. Hobbs Group Advisors LLC acquired a new position in shares of Capital One Financial in the 2nd quarter valued at $29,000. Unique Wealth Strategies LLC purchased a new stake in Capital One Financial during the second quarter worth $36,000. Finally, Versant Capital Management Inc grew its position in Capital One Financial by 391.5% during the second quarter. Versant Capital Management Inc now owns 290 shares of the financial services provider’s stock valued at $40,000 after buying an additional 231 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the completion of the sale, the insider now owns 44,711 shares of the company’s stock, valued at $7,153,760. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the completion of the transaction, the insider now owns 44,711 shares of the company’s stock, valued at $7,153,760. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the sale, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Capital One Financial Stock Performance

NYSE COF opened at $162.79 on Friday. Capital One Financial Co. has a fifty-two week low of $99.37 and a fifty-two week high of $167.93. The firm has a market capitalization of $61.89 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 1.22 and a beta of 1.44. The stock’s fifty day moving average is $149.71 and its two-hundred day moving average is $143.53. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.81. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same period last year, the business earned $4.45 earnings per share. Capital One Financial’s revenue was up 6.8% compared to the same quarter last year. On average, research analysts anticipate that Capital One Financial Co. will post 12.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Evercore ISI increased their target price on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research note on Wednesday. Robert W. Baird increased their price target on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Citigroup began coverage on Capital One Financial in a research report on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective for the company. Bank of America increased their target price on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada upped their price objective on shares of Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $153.56.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.