Huntington National Bank Boosts Holdings in Capital One Financial Corporation $COF

by · The Markets Daily

Huntington National Bank boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 7.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,109 shares of the financial services provider’s stock after buying an additional 2,297 shares during the quarter. Huntington National Bank’s holdings in Capital One Financial were worth $7,470,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in COF. Brighton Jones LLC boosted its stake in shares of Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after purchasing an additional 10,428 shares during the period. Mutual Advisors LLC purchased a new stake in shares of Capital One Financial during the first quarter valued at $215,000. OneDigital Investment Advisors LLC boosted its stake in shares of Capital One Financial by 39.5% during the first quarter. OneDigital Investment Advisors LLC now owns 4,287 shares of the financial services provider’s stock valued at $769,000 after purchasing an additional 1,213 shares during the period. Capital Investment Advisory Services LLC purchased a new stake in shares of Capital One Financial during the first quarter valued at $378,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Capital One Financial by 10.0% during the first quarter. Envestnet Asset Management Inc. now owns 677,389 shares of the financial services provider’s stock valued at $121,456,000 after purchasing an additional 61,444 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Richard D. Fairbank sold 103,486 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $225.68, for a total transaction of $23,354,720.48. Following the transaction, the chief executive officer owned 4,051,228 shares in the company, valued at $914,281,135.04. This represents a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares in the company, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 111,155 shares of company stock worth $24,998,080 over the last 90 days. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $220.57 on Wednesday. The company has a market capitalization of $141.06 billion, a PE ratio of 93.07, a P/E/G ratio of 0.70 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50-day simple moving average of $219.75 and a two-hundred day simple moving average of $208.93. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45.

Capital One Financial (NYSE:COF – Get Free Report) last announced its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $1.70. The business had revenue of $15.36 billion during the quarter, compared to the consensus estimate 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 revenue was up 53.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.51 earnings per share. Research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Barclays lifted their price objective on Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada lifted their price objective on Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a report on Wednesday, July 23rd. TD Cowen lifted their price objective on Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a report on Monday, October 6th. Finally, Redburn Atlantic upgraded Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.

Check Out Our Latest Analysis on Capital One Financial

Capital One Financial Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF – Free Report).