Sage Private Wealth Group LLC Makes New Investment in Capital One Financial Corporation $COF

Sage Private Wealth Group LLC purchased a new position in Capital One Financial Corporation (NYSE:COF) in the third quarter, HoldingsChannel reports. The fund purchased 2,705 shares of the financial services provider’s stock, valued at approximately $522,000.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake 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 valued at $11,491,259,000 after acquiring 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 in the 2nd quarter worth about $1,435,311,000. Legal & General Group Plc bought a new stake in shares of Capital One Financial in the 2nd quarter worth about $680,983,000. Berkshire Hathaway Inc bought a new stake in shares of Capital One Financial in the 2nd quarter worth about $601,860,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Capital One Financial in the 2nd quarter valued at about $482,718,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Up 2.2%

Shares of Capital One Financial stock 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 business’s 50 day simple moving average is $207.03 and its 200-day simple moving average is $200.80. The stock has a market capitalization of $126.37 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 0.97 and a beta of 1.04. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share (EPS) for the quarter, topping 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 business had revenue of $16.31 billion for the quarter, compared to the consensus estimate of $16.25 billion. During the same quarter last year, the business posted $5.95 EPS. The business’s revenue was up 6.4% on a year-over-year basis. Equities research analysts forecast that Capital One Financial Corporation will post 20.36 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a $0.80 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Celia Karam sold 1,927 shares of the firm’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $195.86, for a total value of $377,422.22. Following the sale, the insider directly owned 55,774 shares in the company, valued at approximately $10,923,895.64. This trade represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a 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 Ravi Raghu sold 9,726 shares of the firm’s stock in a transaction 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 completion of the sale, the insider owned 26,328 shares in the company, valued at $5,523,087.84. The trade was a 26.98% 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 37,664 shares of company stock valued at $7,914,162 over the last three months. 0.78% of the stock is currently owned by company insiders.

Capital One Financial News Summary

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.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wolfe Research increased their price target on shares of Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Piper Sandler lifted their price target on Capital One Financial from $260.00 to $269.00 and gave the stock an “overweight” rating in a research note on Wednesday. Weiss Ratings raised Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Morgan Stanley cut their price objective on Capital One Financial from $273.00 to $267.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Finally, Citigroup upped their price objective on Capital One Financial from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday. Twenty equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $256.32.

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.