Gibbs Wealth Management bought a new stake in Capital One Financial Corporation (NYSE:COF) in the first quarter, HoldingsChannel reports. The institutional investor bought 6,128 shares of the financial services provider’s stock, valued at approximately $1,118,000.
Several other institutional investors also recently made changes to their positions in COF. Evolution Wealth Management Inc. grew its stake in shares of 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 purchasing an additional 90 shares during the period. VSM Wealth Advisory LLC acquired a new stake in shares of Capital One Financial in the fourth quarter valued at about $27,000. Cherry Tree Wealth Management LLC boosted its holdings in Capital One Financial by 1,312.5% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after buying an additional 105 shares in the last quarter. Osterweis Capital Management Inc. purchased a new stake in Capital One Financial during the fourth quarter worth about $29,000. Finally, CrossGen Wealth LLC acquired a new position in Capital One Financial during the fourth quarter worth about $30,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Capital One Financial
In other news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the sale, the general counsel owned 90,194 shares of the company’s stock, valued at $18,760,352. The trade was a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of Capital One Financial stock in a transaction on Friday, May 1st. The shares were sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the sale, the insider directly owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. This represents a 2.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,749 shares of company stock worth $1,708,577 in the last 90 days. Insiders own 0.78% of the company’s stock.
More Capital One Financial News
- Positive Sentiment: Capital One’s Q2 results showed improved profitability, with the company swinging back to net income and posting higher net interest income, reinforcing the view that its core business momentum remains solid.
- Positive Sentiment: Multiple reports highlighted bullish analyst sentiment, including Piper Sandler and Morgan Stanley maintaining buy ratings, while one note set a $260 price target, suggesting meaningful upside from current levels.
- Positive Sentiment: Several articles pointed to Capital One’s technology and AI advantages, including its cloud-native infrastructure and open-source security tool VulnHunter, which support the company’s long-term competitive positioning.
- Neutral Sentiment: Capital One is also being viewed as a value stock after earnings, with coverage noting that the shares trade at a discount to peers on forward earnings and tangible book value.
- Negative Sentiment: The stock is facing overhang from legal and regulatory headlines, including a Zelle fraud lawsuit, a Canada data-breach settlement, and reports that customer payouts from a separate $425 million settlement may be delayed after an appeal.
Capital One Financial Stock Performance
NYSE:COF opened at $202.53 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.03. The firm has a market cap of $126.03 billion, a PE ratio of 12.53, a P/E/G ratio of 0.75 and a beta of 1.02. The firm has a 50 day simple moving average of $195.38 and a 200-day simple moving average of $200.56. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64.
Capital One Financial (NYSE:COF – Get Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. The firm had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. Capital One Financial’s revenue was up 26.9% compared to the same quarter last year. During the same quarter last year, the business earned $5.48 earnings per share. On average, equities analysts expect that Capital One Financial Corporation will post 19.93 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 issued a dividend of $0.80 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is 19.80%.
Analyst Ratings Changes
A number of research firms recently weighed in on COF. Piper Sandler began coverage on Capital One Financial in a report on Monday, June 29th. They issued an “overweight” rating and a $254.00 price target on the stock. TD Cowen reduced their price objective on Capital One Financial from $260.00 to $253.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $226.00 to $229.00 in a research report on Sunday, July 12th. JPMorgan Chase & Co. lifted their price target on Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Finally, Wells Fargo & Company cut their price target on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Twenty equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $259.82.
Check Out Our Latest Stock Report on COF
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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