Venture Visionary Partners LLC grew its stake in Capital One Financial Corporation (NYSE:COF) by 14.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,863 shares of the financial services provider’s stock after acquiring an additional 8,299 shares during the period. Venture Visionary Partners LLC’s holdings in Capital One Financial were worth $12,716,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of COF. State Street Corp lifted its holdings in Capital One Financial by 107.9% during the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock worth $11,491,259,000 after buying an additional 29,724,829 shares in the last quarter. BlackRock Inc. increased its stake in shares of Capital One Financial by 0.5% in the 2nd 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 period. Bank of America Corp DE bought a new position in Capital One Financial in the second quarter valued at about $1,435,311,000. Wellington Management Group LLP increased its position in Capital One Financial by 36.2% in 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 purchasing an additional 1,887,497 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Capital One Financial by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider’s stock worth $1,127,733,000 after purchasing an additional 187,532 shares during the last quarter. 89.84% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on COF. Evercore set a $220.00 target price on shares of Capital One Financial in a research note on Thursday, October 1st. UBS Group increased their price objective on shares of Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Wall Street Zen cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Finally, TD Cowen cut their price target on Capital One Financial from $253.00 to $242.00 and set a “buy” rating on the stock in a research note on Tuesday. Twenty equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $257.77.
Insider Buying and Selling at Capital One Financial
In other Capital One Financial news, insider Ravi Raghu sold 9,726 shares of Capital One Financial stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the transaction, the insider owned 26,328 shares of the company’s stock, valued at approximately $5,523,087.84. The trade was a 26.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 2,017 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $206.07, for a total transaction of $415,643.19. Following the completion of the sale, the insider directly owned 57,696 shares in the company, valued at $11,889,414.72. This represents a 3.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 33,850 shares of company stock worth $7,167,152 in the last quarter. Company insiders own 0.78% of the company’s stock.
Key Capital One Financial News
Here are the key news stories impacting Capital One Financial this week:
- Positive Sentiment: TD Cowen maintains a “buy” rating: The firm lowered its price target to $242 from $253 but still sees substantial potential upside from recent levels. The continued buy rating provides support ahead of Capital One’s third-quarter results. Capital One Financial Price Target Cut to $242.00 by Analysts at TD Cowen
- Positive Sentiment: Capital One ranks highly for banking artificial intelligence adoption: Capital One placed second in the Evident AI banking index, suggesting the company is advancing its use of artificial intelligence and could gain efficiency or competitive advantages as adoption accelerates across the industry. JPMorgan tops Evident AI banking index for fifth straight year
- Neutral Sentiment: The Discover transaction remains a valuation catalyst: Commentary suggests the acquisition could materially reprice COF shares, but the ultimate effect depends on integration, financing, regulatory developments and the deal’s impact on earnings. Capital One: The Discover Deal Could Reprice The Stock
- Negative Sentiment: Money-laundering compliance remains a regulatory risk: Capital One previously paid $390 million over alleged failures to identify suspicious transactions. The article highlights the broader risk that banks may face legal or regulatory consequences both for missing suspicious activity and for closing accounts after detecting it, potentially increasing compliance costs and litigation exposure. Banks Got Punished for Missing Money Laundering. Now They Get Punished for Catching It
- Negative Sentiment: General Counsel Matthew Cooper sold shares: Cooper sold 3,500 shares worth approximately $686,770, reducing his holdings by 4.21%. However, the transaction was executed under a pre-arranged Rule 10b5-1 plan, which makes it a weaker bearish signal than a discretionary sale. SEC insider transaction filing
Capital One Financial Trading Up 0.0%
COF traded up $0.07 during mid-day trading on Wednesday, hitting $195.89. The stock had a trading volume of 3,230,483 shares, compared to its average volume of 4,661,029. The stock’s fifty day simple moving average is $210.58 and its 200-day simple moving average is $199.53. The firm has a market capitalization of $120.17 billion, a price-to-earnings ratio of 12.12, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02.
Capital One Financial (NYSE:COF – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. During the same quarter last year, the business posted $5.48 EPS. The firm’s revenue was up 26.9% compared to the same quarter last year. As a group, research analysts forecast that Capital One Financial Corporation will post 20.32 EPS for the current fiscal year.
Capital One Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were given a $0.80 dividend. The ex-dividend date was Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial’s payout ratio is currently 19.80%.
About Capital One Financial
Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.
Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.
Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.
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