Resona Asset Management Co. Ltd. increased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 1.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 203,084 shares of the financial services provider’s stock after purchasing an additional 3,086 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Capital One Financial were worth $36,884,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Evolution Wealth Management Inc. lifted its position in Capital One Financial by 529.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 90 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of Capital One Financial during the 4th quarter worth about $27,000. Cherry Tree Wealth Management LLC grew its holdings in shares of Capital One Financial by 1,312.5% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 105 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in shares of Capital One Financial in the 4th quarter valued at about $29,000. Finally, CrossGen Wealth LLC acquired a new stake in shares of Capital One Financial in the fourth quarter valued at about $30,000. Institutional investors own 89.84% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Evercore dropped their target price on Capital One Financial from $265.00 to $222.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. Morgan Stanley decreased their price target on Capital One Financial from $300.00 to $273.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Truist Financial lowered their price target on Capital One Financial from $275.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Rothschild & Co Redburn dropped their price objective on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, BTIG Research increased their price objective on Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Eighteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.71.
Key Capital One Financial News
Here are the key news stories impacting Capital One Financial this week:
- Positive Sentiment: Analysts remained supportive, with TD Cowen and UBS reiterating buy ratings and setting price targets of $253 and $275, respectively, suggesting meaningful upside from current levels.
- Positive Sentiment: The Discover deal continues to be viewed as strategically important because it could deepen Capital One’s payments footprint and reduce reliance on third-party networks.
- Neutral Sentiment: Capital One General Counsel Matthew W. Cooper sold 3,500 shares under a pre-arranged 10b5-1 plan, a disclosure that may add to the market’s cautious tone but does not by itself signal a major business change. SEC filing
- Neutral Sentiment: The company’s latest quarterly results were mixed, with earnings and revenue both missing estimates, which keeps investors focused on whether near-term performance can improve before the next report on July 21.
- Negative Sentiment: Markets appear concerned about execution risk tied to the Discover integration, especially as card migration and cost synergies become a bigger focus in the weeks ahead.
- Negative Sentiment: Recent insider selling across multiple executives may be reinforcing caution among traders, even though the transactions were disclosed and some were planned in advance.
Insider Buying and Selling
In other news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total transaction of $728,000.00. Following the completion of the transaction, the general counsel directly owned 90,194 shares in the company, valued at approximately $18,760,352. The trade was a 3.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the transaction, the insider directly owned 61,579 shares in the company, valued at $11,858,883.82. The trade was a 2.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 8,749 shares of company stock valued at $1,708,577. Insiders own 0.78% of the company’s stock.
Capital One Financial Stock Down 5.5%
Shares of COF stock opened at $191.71 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50-day moving average is $191.49 and its 200-day moving average is $203.73. The stock has a market cap of $119.30 billion, a price-to-earnings ratio of 67.26, a PEG ratio of 0.73 and a beta of 1.02. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64.
Capital One Financial (NYSE:COF – Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The business had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The company’s revenue for the quarter was up 52.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.06 EPS. Sell-side analysts predict that Capital One Financial Corporation will post 19.53 EPS for the current year.
Capital One Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, May 19th. Capital One Financial’s dividend payout ratio (DPR) is presently 112.28%.
Capital One Financial Profile
Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.
Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.
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