Capital One Financial Corporation $COF Stake Boosted by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC boosted its stake in Capital One Financial Corporation (NYSE:COF) by 11.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,458 shares of the financial services provider’s stock after buying an additional 778 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Capital One Financial were worth $1,587,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC increased its position in Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after buying an additional 62 shares during the period. Olistico Wealth LLC increased its position in Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after buying an additional 101 shares during the period. Atlantic Edge Private Wealth Management LLC increased its position in Capital One Financial by 66.7% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after buying an additional 50 shares during the period. RMG Wealth Management LLC acquired a new stake in Capital One Financial in the second quarter worth $27,000. Finally, Solstein Capital LLC acquired a new stake in Capital One Financial in the second quarter worth $28,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the transaction, the general counsel directly owned 98,486 shares of the company’s stock, valued at $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard D. Fairbank sold 103,486 shares of Capital One Financial stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $225.68, for a total value of $23,354,720.48. Following the transaction, the chief executive officer directly owned 4,051,228 shares in the company, valued at approximately $914,281,135.04. The trade was a 2.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 111,155 shares of company stock valued at $24,998,080 over the last three months. Company insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on COF. The Goldman Sachs Group increased their target price on Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Wolfe Research raised their price target on Capital One Financial from $260.00 to $262.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Citigroup raised their price target on Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. raised their price target on Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Finally, Rothschild & Co Redburn initiated coverage on Capital One Financial in a report on Friday, August 1st. They set a “buy” rating and a $290.00 price target on the stock. Four research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus target price of $261.63.

Capital One Financial Price Performance

NYSE:COF opened at $221.38 on Tuesday. The business’s 50-day moving average price is $219.84 and its 200 day moving average price is $208.52. The firm has a market cap of $141.58 billion, a P/E ratio of 93.41, a PEG ratio of 0.70 and a beta of 1.18. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $1.70. The firm had revenue of $15.36 billion for the quarter, compared to analyst estimates of $15.06 billion. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.Capital One Financial’s revenue was up 53.4% compared to the same quarter last year. During the same period in the previous year, the company earned $4.51 earnings per share. As a group, sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Company 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.