RNC Capital Management LLC Cuts Position in Capital One Financial Co. (NYSE:COF)

RNC Capital Management LLC decreased its position in shares of Capital One Financial Co. (NYSE:COF) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 282,597 shares of the financial services provider’s stock after selling 11,311 shares during the period. Capital One Financial makes up approximately 2.7% of RNC Capital Management LLC’s holdings, making the stock its 13th largest holding. RNC Capital Management LLC owned approximately 0.07% of Capital One Financial worth $50,393,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in COF. Strategic Financial Concepts LLC purchased a new stake in shares of Capital One Financial in the 4th quarter valued at $6,328,000. Bleakley Financial Group LLC lifted its stake in Capital One Financial by 4.9% in the fourth quarter. Bleakley Financial Group LLC now owns 7,789 shares of the financial services provider’s stock worth $1,389,000 after purchasing an additional 367 shares during the last quarter. Brandywine Oak Private Wealth LLC purchased a new stake in Capital One Financial during the fourth quarter valued at about $209,000. Money Concepts Capital Corp grew its stake in shares of Capital One Financial by 4.1% during the fourth quarter. Money Concepts Capital Corp now owns 1,565 shares of the financial services provider’s stock valued at $279,000 after buying an additional 61 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Capital One Financial by 20.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,508 shares of the financial services provider’s stock valued at $9,021,000 after buying an additional 8,466 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the transaction, the insider now directly owns 26,482 shares in the company, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Argus upgraded Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. Royal Bank of Canada upped their price target on shares of Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. Wells Fargo & Company upped their price objective on shares of Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Evercore ISI raised their target price on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, Truist Financial increased their price objective on Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $196.31.

Capital One Financial Stock Up 1.5 %

Shares of Capital One Financial stock opened at $206.93 on Friday. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $208.63. The firm has a market cap of $78.89 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 1.24 and a beta of 1.47. The company has a 50-day moving average of $187.77 and a 200 day moving average of $165.89. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.31. The business had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.81 earnings per share. As a group, sell-side analysts anticipate that Capital One Financial Co. will post 15.44 earnings per share for the current fiscal year.

About Capital One Financial

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.