iA Global Asset Management Inc. Sells 2,499 Shares of Capital One Financial Corporation $COF

iA Global Asset Management Inc. trimmed its position in Capital One Financial Corporation (NYSE:COF) by 18.9% during the third quarter, Holdings Channel reports. The firm owned 10,715 shares of the financial services provider’s stock after selling 2,499 shares during the quarter. iA Global Asset Management Inc.’s holdings in Capital One Financial were worth $2,278,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of COF. Earned Wealth Advisors LLC acquired a new position in Capital One Financial in the 2nd quarter valued at $254,000. Cortland Associates Inc. MO acquired a new stake in shares of Capital One Financial during the third quarter worth $14,391,000. CIBC Asset Management Inc boosted its position in shares of Capital One Financial by 53.9% in the second quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock valued at $18,830,000 after acquiring an additional 30,991 shares during the period. Smith Chas P & Associates PA Cpas grew its stake in shares of Capital One Financial by 1,490.0% in the second quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock valued at $9,252,000 after acquiring an additional 40,751 shares in the last quarter. Finally, Montecito Bank & Trust acquired a new position in shares of Capital One Financial in the third quarter valued at about $647,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

NYSE COF opened at $217.48 on Friday. The firm’s 50 day simple moving average is $233.23 and its 200 day simple moving average is $223.36. The firm has a market capitalization of $138.26 billion, a price-to-earnings ratio of 73.47, a P/E/G ratio of 0.49 and a beta of 1.13. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $259.64.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 11.17%. The firm had revenue of $15.62 billion during the quarter, compared to the consensus estimate of $15.49 billion. During the same period last year, the business earned $2.67 earnings per share. The business’s revenue was up 53.3% compared to the same quarter last year. As a group, research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio is 108.11%.

Insider Activity at Capital One Financial

In other Capital One Financial news, CEO Richard D. Fairbank sold 103,487 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the completion of the transaction, the chief executive officer owned 4,001,228 shares of the company’s stock, valued at approximately $882,990,995.04. The trade was a 2.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Neal Blinde sold 43,200 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the completion of the sale, the insider owned 73,020 shares in the company, valued at $16,198,026.60. This represents a 37.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 298,895 shares of company stock worth $67,111,541 in the last three months. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Robert W. Baird raised their target price on shares of Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Wells Fargo & Company lifted their price target on shares of Capital One Financial from $265.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Barclays reduced their price target on Capital One Financial from $294.00 to $287.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Evercore ISI restated an “outperform” rating and set a $290.00 price objective on shares of Capital One Financial in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $276.70.

Key Headlines Impacting Capital One Financial

Here are the key news stories impacting Capital One Financial this week:

• Positive Sentiment: Strategic upside — The Brex acquisition accelerates Capital One’s push into AI-enabled business payments, spend management and stablecoin-capable payments, expanding addressable markets (management cites a target of up to $2T in business payments). Article Title
• Positive Sentiment: Investor/manager interest — Some institutional investors and managers are publicly buying COF on the pullback, signaling conviction in the company’s longer-term fintech strategy. Article Title
• Neutral Sentiment: Mixed quarter — Revenue topped estimates and grew strongly year-over-year (helpful for top-line momentum), but the company reported an adjusted EPS shortfall versus consensus. That leaves fundamentals mixed in the near term. Article Title
• Neutral Sentiment: Deal mechanics — The Brex purchase is a mix of cash and Capital One stock (roughly half/half), which preserves cash but introduces share issuance and potential near-term dilution. Article Title
• Negative Sentiment: Earnings miss and cost pressure — Adjusted Q4 EPS fell short of consensus, driven by higher expenses and increased credit-loss provisions, which is the primary near-term catalyst for selling pressure. Article Title
• Negative Sentiment: Analyst caution and price-target trims — Several firms adjusted price targets and reiterated concerns around integration, credit and regulatory risk; that analyst reaction amplifies near-term downside risk. Article Title
• Negative Sentiment: Market reaction — Traders are selling on the combination of the EPS miss and the large acquisition, increasing volume and volatility as investors weigh near-term headwinds against long-term strategy. Article Title

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.