Deseret Mutual Benefit Administrators Purchases 593 Shares of Capital One Financial Corporation $COF

Deseret Mutual Benefit Administrators raised its stake in shares of Capital One Financial Corporation (NYSE:COF) by 53.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,711 shares of the financial services provider’s stock after purchasing an additional 593 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Capital One Financial were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. increased its holdings in Capital One Financial by 18.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider’s stock valued at $10,010,000 after buying an additional 9,374 shares during the period. Plancorp LLC purchased a new stake in shares of Capital One Financial during the second quarter worth about $272,000. Private Advisor Group LLC grew its stake in Capital One Financial by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock valued at $1,776,000 after acquiring an additional 1,312 shares in the last quarter. Mutual Advisors LLC purchased a new stake in Capital One Financial during the 1st quarter valued at about $215,000. Finally, Callodine Capital Management LP boosted its holdings in Capital One Financial by 200.0% in the 1st quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock valued at $26,895,000 after purchasing an additional 100,000 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. BTIG Research reissued a “buy” rating and issued a $264.00 price objective on shares of Capital One Financial in a research report on Wednesday, October 22nd. HSBC raised their target price on shares of Capital One Financial from $218.00 to $234.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. TD Cowen raised their price objective on shares of Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. lifted their target price on shares of Capital One Financial from $235.00 to $237.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Finally, Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $261.63.

Capital One Financial Stock Performance

NYSE:COF opened at $221.01 on Wednesday. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average of $219.66 and a 200-day moving average of $206.58. The firm has a market cap of $141.34 billion, a price-to-earnings ratio of 93.25, a price-to-earnings-growth ratio of 0.75 and a beta of 1.18.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, topping the consensus estimate of $4.25 by $1.70. The business had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $15.06 billion. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The firm’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period last year, the company posted $4.51 earnings per share. Analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the sale, the general counsel owned 98,486 shares of the company’s stock, valued at approximately $20,878,047.14. This represents a 1.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 13,184 shares of company stock valued at $2,799,248. 1.26% of the stock is owned by company insiders.

Capital One Financial Profile

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.