Kestra Advisory Services LLC Grows Stake in Capital One Financial Corporation $COF

Kestra Advisory Services LLC increased its position in Capital One Financial Corporation (NYSE:COF) by 6.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 47,696 shares of the financial services provider’s stock after acquiring an additional 2,773 shares during the quarter. Kestra Advisory Services LLC’s holdings in Capital One Financial were worth $8,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of COF. Evolution Wealth Management Inc. lifted its holdings in Capital One Financial by 529.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 90 shares during the period. VSM Wealth Advisory LLC bought a new stake in shares of Capital One Financial during the 4th quarter valued at about $27,000. Cherry Tree Wealth Management LLC increased its position in shares of Capital One Financial by 1,312.5% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 105 shares during the last quarter. Strive Asset Management LLC purchased a new stake in shares of Capital One Financial during the 3rd quarter valued at about $28,000. Finally, Osterweis Capital Management Inc. bought a new position in shares of Capital One Financial in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In other news, insider Celia Karam sold 1,749 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the transaction, the insider owned 61,579 shares of the company’s stock, valued at $11,858,883.82. This represents a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the sale, the general counsel owned 90,194 shares of the company’s stock, valued at $18,760,352. This represents a 3.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,749 shares of company stock valued at $1,708,577 in the last quarter. 0.78% of the stock is currently owned by company insiders.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $202.99 on Tuesday. The company has a market capitalization of $126.32 billion, a P/E ratio of 71.22, a P/E/G ratio of 0.73 and a beta of 1.02. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The firm’s 50 day simple moving average is $192.09 and its two-hundred day simple moving average is $202.78. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The firm had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business’s revenue for the quarter was up 52.3% on a year-over-year basis. During the same period last year, the company earned $4.06 earnings per share. Research analysts expect that Capital One Financial Corporation will post 19.55 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s dividend payout ratio is presently 112.28%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on COF shares. Truist Financial cut their target price on shares of Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. UBS Group lifted their price target on shares of Capital One Financial from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Morgan Stanley reduced their price objective 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. Deutsche Bank Aktiengesellschaft decreased their target price on Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Finally, Wells Fargo & Company lowered their target price on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $259.91.

Capital One Financial News Roundup

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

• Positive Sentiment: JPMorgan raised Capital One’s price target to $245 from $215 and kept an overweight rating, signaling confidence in further upside for Capital One Financial (COF). Benzinga
• Positive Sentiment: Several analyst roundups highlighted Capital One Financial (COF) among favored financial names, which can support the stock by reinforcing expectations for solid performance. 24/7 Wall St.
• Neutral Sentiment: Investor attention remains on the upcoming conversion of millions of Discover cards onto Capital One’s platform, a major milestone that could expand the business but also requires smooth execution. Motley Fool
• Neutral Sentiment: Commentary suggesting Capital One Financial (COF) may be entering “a new phase” reflects broader strategic interest in the stock, but does not provide a clear near-term catalyst on its own. Kalkine Media
• Negative Sentiment: Analysts and articles continue to emphasize that the Discover integration carries execution risk, including the challenge of retaining cardholders while migrating them to Capital One’s systems. Read More.

About Capital One Financial

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.