Hosking Partners LLP lowered its holdings in Capital One Financial Corporation (NYSE:COF – Free Report) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 236,254 shares of the financial services provider’s stock after selling 18,954 shares during the period. Capital One Financial comprises 1.6% of Hosking Partners LLP’s holdings, making the stock its 22nd largest position. Hosking Partners LLP’s holdings in Capital One Financial were worth $45,614,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp increased its position in shares of 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 valued at $11,491,259,000 after purchasing an additional 29,724,829 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Capital One Financial during the 2nd quarter worth $1,435,311,000. Legal & General Group Plc bought a new stake in shares of Capital One Financial during the 2nd quarter worth $680,983,000. Berkshire Hathaway Inc purchased a new position in shares of Capital One Financial in the 2nd quarter worth about $601,860,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Capital One Financial in the 2nd quarter worth about $482,718,000. Institutional investors own 89.84% of the company’s stock.
Wall Street Analysts Forecast Growth
COF has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $227.00 to $241.00 and gave the company an “overweight” rating in a research report on Wednesday. Citigroup raised their price objective on shares of Capital One Financial from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday. TD Cowen lifted their price objective on shares of Capital One Financial from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group boosted their target price on shares of Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Finally, Evercore set a $220.00 target price on shares of Capital One Financial in a research note on Thursday, October 1st. Nineteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $256.32.
Check Out Our Latest Report on Capital One Financial
Capital One Financial Price Performance
Shares of NYSE COF opened at $205.98 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The stock has a fifty day simple moving average of $207.03 and a two-hundred day simple moving average of $200.80. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The firm has a market cap of $126.37 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 0.97 and a beta of 1.04.
Capital One Financial (NYSE:COF – Get Free Report) last issued its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.53 by $1.16. Capital One Financial had a return on equity of 11.54% and a net margin of 13.70%. The firm had revenue of $16.31 billion for the quarter, compared to analyst estimates of $16.25 billion. During the same period in the previous year, the company posted $5.95 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. Analysts anticipate that Capital One Financial Corporation will post 20.36 earnings per share for the current year.
Capital One Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a dividend of $0.80 per share. 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 dividend payout ratio is presently 19.80%.
More Capital One Financial News
Here are the key news stories impacting Capital One Financial this week:
- Positive Sentiment: Capital One reported adjusted earnings of $6.69 per share, above the roughly $5.45–$5.50 analyst consensus, while revenue reached approximately $16.3 billion, up about 6% year over year. Net income rose to $3.54 billion, helping drive the favorable market reaction. Capital One Beats Q3 Earnings and Revenue Estimates
- Positive Sentiment: Profitability trends improved: net interest margin expanded to 8.41%, pre-provision earnings increased, and the provision for credit losses declined from the prior quarter. Domestic credit-card net charge-offs also improved to 3.98%. Capital One Reports $3.5 Billion Q3 Profit
- Positive Sentiment: Management said the Discover acquisition is progressing ahead of schedule, with annualized synergies reported at approximately $1.8 billion. Investors also noted share repurchases and continued growth in Global Payment Network transaction volume. Capital One Q3 Earnings Call Transcript
- Positive Sentiment: JPMorgan raised its COF price target from $227 to $241 and assigned an overweight rating. BMO also lifted its target from $219 to $225, though it retained a market perform rating, signaling upside potential but some analyst caution.
- Neutral Sentiment: Capital One plans to increase marketing and network investment to compete more aggressively, which could support long-term growth but may pressure near-term expenses. Capital One Will Step Up Marketing
- Negative Sentiment: Credit metrics were mixed: credit-card delinquencies of 30 days or more increased to 3.74%. In addition, several insiders have sold shares recently, although at least one transaction was conducted under a pre-arranged trading plan.
Insider Buying and Selling
In related news, insider Ravi Raghu sold 9,726 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following the sale, the insider directly owned 26,328 shares in the company, valued at approximately $5,523,087.84. The trade was a 26.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $196.22, for a total transaction of $686,770.00. Following the sale, the general counsel directly owned 79,694 shares in the company, valued at approximately $15,637,556.68. This trade represents a 4.21% 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 have sold a total of 37,664 shares of company stock worth $7,914,162 in the last quarter. 0.78% of the stock is currently owned by company insiders.
Capital One Financial Profile
Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.
Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.
The company primarily serves customers in the United States through digital channels, branches and other distribution networks.
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