First Trust Direct Indexing L.P. Has $2.33 Million Stock Position in Capital One Financial Co. (NYSE:COF)

First Trust Direct Indexing L.P. grew its stake in Capital One Financial Co. (NYSE:COF) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,528 shares of the financial services provider’s stock after buying an additional 268 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Capital One Financial were worth $2,325,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in COF. Ariston Services Group bought a new position in Capital One Financial during the 3rd quarter worth about $211,000. Fidelis Capital Partners LLC boosted its position in shares of Capital One Financial by 7.1% during the third quarter. Fidelis Capital Partners LLC now owns 3,665 shares of the financial services provider’s stock worth $565,000 after buying an additional 243 shares during the period. Diversify Advisory Services LLC bought a new position in shares of Capital One Financial during the third quarter worth about $409,000. Integrated Advisors Network LLC raised its position in Capital One Financial by 515.1% in the 3rd quarter. Integrated Advisors Network LLC now owns 29,345 shares of the financial services provider’s stock valued at $4,394,000 after buying an additional 24,574 shares during the last quarter. Finally, abrdn plc lifted its stake in Capital One Financial by 8.7% in the 3rd quarter. abrdn plc now owns 155,148 shares of the financial services provider’s stock valued at $23,143,000 after acquiring an additional 12,357 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the sale, the insider now owns 44,711 shares of the company’s stock, valued at $7,153,760. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the transaction, the insider now owns 44,711 shares in the company, valued at $7,153,760. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the sale, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Capital One Financial Stock Up 2.3 %

Shares of COF opened at $166.82 on Thursday. The firm has a market cap of $63.42 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 1.22 and a beta of 1.44. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. Capital One Financial Co. has a 52 week low of $99.37 and a 52 week high of $167.93. The firm’s 50-day simple moving average is $149.24 and its 200 day simple moving average is $143.40.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same quarter last year, the company earned $4.45 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, analysts forecast that Capital One Financial Co. will post 12.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on COF. Royal Bank of Canada lifted their price objective on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their price target on shares of Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Evercore ISI increased their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research note on Wednesday. Bank of America lifted their target price on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Citigroup began coverage on Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 price target for the company. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $153.56.

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.