Private Advisor Group LLC Sells 4,307 Shares of Capital One Financial Corporation $COF

Private Advisor Group LLC lessened its holdings in Capital One Financial Corporation (NYSE:COF) by 14.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,238 shares of the financial services provider’s stock after selling 4,307 shares during the period. Private Advisor Group LLC’s holdings in Capital One Financial were worth $4,604,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of COF. Evolution Wealth Management Inc. raised its position 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 valued at $26,000 after buying an additional 90 shares in the last quarter. VSM Wealth Advisory LLC bought a new stake in Capital One Financial during the fourth quarter worth approximately $27,000. Cherry Tree Wealth Management LLC increased its stake 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 acquiring an additional 105 shares during the last quarter. Osterweis Capital Management Inc. purchased a new stake in Capital One Financial during the fourth quarter valued at approximately $29,000. Finally, CrossGen Wealth LLC purchased a new stake in Capital One Financial during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total value of $643,755.00. Following the completion of the sale, the general counsel owned 97,194 shares of the company’s stock, valued at approximately $17,876,892.42. This represents a 3.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $192.58, for a total transaction of $336,822.42. Following the transaction, the insider owned 61,579 shares in the company, valued at approximately $11,858,883.82. This represents a 2.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.78% of the stock is owned by corporate insiders.

Key Stories Impacting Capital One Financial

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

• Positive Sentiment: UBS raised its price target on Capital One to $275 from $270 and kept a Buy rating, signaling continued analyst confidence and implying meaningful upside from current levels.
• Positive Sentiment: TD Cowen also maintained a Buy rating, even while trimming its target to $253 from $260, suggesting analysts still see room for shares to recover.
• Neutral Sentiment: Capital One was mentioned in coverage about small businesses being “cautious, confident and ready to grow,” which may reinforce the company’s exposure to resilient small-business lending demand but does not appear to be a direct market-moving event.
• Neutral Sentiment: Additional articles revisited Jim Cramer’s bullish comments on Capital One, but these are more retrospective commentary than fresh fundamental news.
• Neutral Sentiment: A separate article about Capital One drawing S&P 500 attention adds visibility, but there was no clear new development in the headline alone to materially change the investment thesis.

Analysts Set New Price Targets

A number of equities analysts have recently commented on COF shares. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft lowered their price target on Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Piper Sandler initiated coverage on shares of Capital One Financial in a research report on Monday, June 29th. They set an “overweight” rating and a $254.00 price objective on the stock. Argus lowered their target price on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Finally, TD Cowen reduced their price objective on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research report on Tuesday. Eighteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $259.71.

Capital One Financial Stock Down 1.9%

Shares of NYSE:COF opened at $202.63 on Wednesday. The business’s 50 day moving average is $191.54 and its 200 day moving average is $204.08. The stock has a market cap of $126.09 billion, a P/E ratio of 71.10, a price-to-earnings-growth ratio of 0.74 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. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The firm had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.68 billion. During the same quarter in the prior year, the company posted $4.06 earnings per share. Capital One Financial’s quarterly revenue was up 52.3% compared to the same quarter last year. 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. Investors of record on Tuesday, May 19th were paid a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. Capital One Financial’s dividend payout ratio is 112.28%.

Capital One Financial Company 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.