Capital One Financial Corporation $COF Stock Holdings Reduced by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its holdings in Capital One Financial Corporation (NYSE:COF) by 4.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,311,740 shares of the financial services provider’s stock after selling 66,987 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Capital One Financial were worth $253,258,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. State Street Corp raised its holdings in Capital One Financial by 107.9% in the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock valued at $11,491,259,000 after buying an additional 29,724,829 shares during the period. BlackRock Inc. lifted its position in Capital One Financial by 0.5% in the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock valued at $10,242,628,000 after buying an additional 236,643 shares during the last quarter. Bank of America Corp DE purchased a new position in Capital One Financial during the second quarter worth about $1,435,311,000. Wellington Management Group LLP boosted its stake in Capital One Financial by 36.2% during the second quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider’s stock worth $1,426,029,000 after buying an additional 1,887,497 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Capital One Financial by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider’s stock valued at $1,127,733,000 after acquiring an additional 187,532 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Trading Up 0.0%

NYSE:COF opened at $204.88 on Monday. The stock’s 50 day moving average price is $204.67 and its 200 day moving average price is $201.62. The company has a market capitalization of $125.69 billion, a PE ratio of 12.09, a P/E/G ratio of 0.93 and a beta of 1.04. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, beating analysts’ consensus estimates of $5.53 by $1.16. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The business had revenue of $16.31 billion during the quarter, compared to analysts’ expectations of $16.25 billion. During the same period in the prior year, the company earned $5.95 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. On average, research analysts anticipate that Capital One Financial Corporation will post 21.53 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Morgan Stanley dropped their target price on shares of Capital One Financial from $273.00 to $267.00 and set an “overweight” rating for the company in a report on Monday, October 12th. UBS Group reissued a “buy” rating on shares of Capital One Financial in a research report on Thursday, October 22nd. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Piper Sandler upped their target price on shares of Capital One Financial from $260.00 to $269.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Finally, TD Cowen raised their target price on shares of Capital One Financial from $242.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Twenty research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $256.77.

Insider Buying and Selling at Capital One Financial

In related news, CEO Richard Fairbank sold 90,743 shares of the stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $202.86, for a total transaction of $18,408,124.98. Following the completion of the sale, the chief executive officer directly owned 4,018,520 shares of the company’s stock, valued at $815,196,967.20. This trade represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the sale, the insider directly owned 27,992 shares in the company, valued at approximately $6,102,815.84. The trade was a 16.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 115,194 shares of company stock valued at $23,546,209. Corporate insiders own 0.78% of the company’s stock.

Capital One Financial Company Profile

Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.

Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.

The company primarily serves customers in the United States through digital channels, branches and other distribution networks.