Everence Capital Management Inc. Acquires 2,320 Shares of Capital One Financial Corporation (COF)

Everence Capital Management Inc. boosted its holdings in Capital One Financial Corporation (NYSE:COF) by 21.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,220 shares of the financial services provider’s stock after buying an additional 2,320 shares during the period. Everence Capital Management Inc.’s holdings in Capital One Financial Corporation were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BB&T Investment Services Inc. purchased a new position in Capital One Financial Corporation in the 2nd quarter valued at approximately $108,000. Seven Eight Capital LP grew its stake in Capital One Financial Corporation by 16.7% in the 2nd quarter. Seven Eight Capital LP now owns 1,400 shares of the financial services provider’s stock valued at $116,000 after buying an additional 200 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in Capital One Financial Corporation by 47.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider’s stock valued at $137,000 after buying an additional 529 shares in the last quarter. Archford Capital Strategies LLC grew its stake in Capital One Financial Corporation by 8,078.3% in the 2nd quarter. Archford Capital Strategies LLC now owns 4,907 shares of the financial services provider’s stock valued at $140,000 after buying an additional 4,847 shares in the last quarter. Finally, Westside Investment Management Inc. grew its stake in Capital One Financial Corporation by 48.0% in the 2nd quarter. Westside Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock valued at $143,000 after buying an additional 566 shares in the last quarter. Institutional investors and hedge funds own 87.51% of the company’s stock.

COF has been the subject of a number of recent research reports. Morgan Stanley lowered shares of Capital One Financial Corporation from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $97.00 to $83.00 in a research note on Friday, September 8th. Zacks Investment Research upgraded shares of Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Robert W. Baird reiterated a “hold” rating and issued a $84.00 price objective on shares of Capital One Financial Corporation in a research note on Tuesday, September 5th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $106.00 price objective on shares of Capital One Financial Corporation in a research note on Friday, September 15th. Finally, CIBC upgraded shares of Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a research note on Friday, July 21st. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $95.00.

In other Capital One Financial Corporation news, Director Ann F. Hackett sold 11,055 shares of the stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $91.18, for a total transaction of $1,007,994.90. Following the completion of the transaction, the director now owns 69,066 shares in the company, valued at $6,297,437.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mayo A. Shattuck III sold 24,167 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $92.71, for a total transaction of $2,240,522.57. Following the transaction, the director now owns 59,613 shares of the company’s stock, valued at approximately $5,526,721.23. The disclosure for this sale can be found here. 1.73% of the stock is owned by company insiders.

Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $2.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.15 by $0.27. Capital One Financial Corporation had a net margin of 13.34% and a return on equity of 8.25%. The business had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same quarter last year, the business earned $2.03 earnings per share. Capital One Financial Corporation’s quarterly revenue was up 8.1% compared to the same quarter last year.

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About Capital One Financial Corporation

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

Institutional Ownership by Quarter for Capital One Financial Corporation (NYSE:COF)

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