Assetmark Inc. decreased its position in Capital One Financial Corp. (NYSE:COF) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,313 shares of the financial services provider’s stock after selling 917 shares during the period. Assetmark Inc.’s holdings in Capital One Financial were worth $3,023,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of COF. Next Capital Management LLC purchased a new position in shares of Capital One Financial in the 2nd quarter valued at $25,000. Braun Bostich & Associates Inc. purchased a new position in shares of Capital One Financial in the 1st quarter valued at $37,000. Coastal Capital Group Inc. purchased a new position in shares of Capital One Financial in the 2nd quarter valued at $39,000. Camarda Financial Advisors LLC grew its position in Capital One Financial by 318.9% during the 2nd quarter. Camarda Financial Advisors LLC now owns 444 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 338 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its position in Capital One Financial by 1,910.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 784 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 745 shares during the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.
In related news, insider Michael J. Wassmer sold 8,212 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $95.03, for a total value of $780,386.36. Following the transaction, the insider now owns 84,679 shares in the company, valued at $8,047,045.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jory A. Berson sold 9,329 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $93.00, for a total value of $867,597.00. Following the completion of the transaction, the insider now directly owns 59,353 shares of the company’s stock, valued at $5,519,829. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,041 shares of company stock valued at $2,978,213. Insiders own 1.43% of the company’s stock.
Shares of NYSE:COF opened at $91.34 on Friday. The company’s fifty day moving average is $88.36 and its two-hundred day moving average is $88.89. The stock has a market capitalization of $42.94 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 1.13 and a beta of 1.26. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.00 and a current ratio of 1.00. Capital One Financial Corp. has a 1-year low of $69.90 and a 1-year high of $98.62.
Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $3.37 EPS for the quarter, topping the consensus estimate of $2.84 by $0.53. Capital One Financial had a net margin of 17.50% and a return on equity of 10.68%. The business had revenue of $7.12 billion during the quarter, compared to analyst estimates of $7.01 billion. During the same quarter in the prior year, the firm earned $3.71 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Sell-side analysts expect that Capital One Financial Corp. will post 11.52 EPS for the current fiscal year.
COF has been the topic of several analyst reports. BMO Capital Markets set a $141.00 target price on shares of Capital One Financial and gave the company a “buy” rating in a report on Friday, July 19th. Credit Suisse Group set a $118.00 price objective on shares of Capital One Financial and gave the company a “buy” rating in a research note on Friday, July 19th. ValuEngine cut shares of Capital One Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research cut shares of Capital One Financial from a “buy” rating to a “hold” rating and set a $103.00 target price for the company. in a research report on Thursday, July 25th. Finally, Piper Jaffray Companies lowered their target price on shares of Capital One Financial from $111.00 to $107.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $104.89.
Capital One Financial 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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