GAMMA Investing LLC Acquires 3,389 Shares of Capital One Financial Corporation $COF

GAMMA Investing LLC lifted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 18.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 21,295 shares of the financial services provider’s stock after buying an additional 3,389 shares during the period. GAMMA Investing LLC’s holdings in Capital One Financial were worth $4,272,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Evolution Wealth Management Inc. boosted 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 worth $26,000 after purchasing an additional 90 shares in the last quarter. VSM Wealth Advisory LLC bought a new position in shares of Capital One Financial in the fourth quarter valued at $27,000. Cherry Tree Wealth Management LLC grew its holdings in shares of 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 valued at $27,000 after buying an additional 105 shares during the last quarter. Ballast Advisors LLC acquired a new position in Capital One Financial during the 1st quarter valued at about $27,000. Finally, Strive Asset Management LLC acquired a new position in Capital One Financial during the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on COF shares. Piper Sandler began coverage on shares of Capital One Financial in a research report on Monday, June 29th. They set an “overweight” rating and a $254.00 target price on the stock. HSBC raised Capital One Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $226.00 to $229.00 in a research report on Sunday, July 12th. Bank of America reduced their price objective on Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Wells Fargo & Company decreased their target price on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, Barclays lowered their target price on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Twenty investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and an average target price of $259.36.

Capital One Financial Trading Up 2.0%

Shares of COF stock opened at $222.00 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm has a market cap of $136.19 billion, a P/E ratio of 13.74, a PEG ratio of 0.80 and a beta of 1.02. The company has a 50 day moving average of $199.03 and a 200-day moving average of $198.60. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. During the same quarter in the prior year, the business earned $5.48 earnings per share. Capital One Financial’s revenue for the quarter was up 26.9% on a year-over-year basis. Sell-side analysts anticipate that Capital One Financial Corporation will post 20.19 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.80 dividend. The ex-dividend date is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. Capital One Financial’s payout ratio is presently 19.80%.

More Capital One Financial News

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

• Positive Sentiment: Strong earnings momentum: Capital One’s latest quarter produced $5.81 in earnings per share, well above the $4.79 analyst consensus, while revenue increased 26.9% year over year to $15.83 billion. The earnings beat and robust revenue growth provide fundamental support for the stock.
• Positive Sentiment: Positive momentum and analyst attention: Zacks characterized COF as a strong momentum stock, and Goldman Sachs reportedly included a major financial company on its August conviction list. Such recognition may encourage additional investor interest. Zacks momentum stock article Goldman Sachs conviction list article
• Positive Sentiment: Payments expansion remains a potential growth driver: Industry coverage highlighted Capital One’s efforts to move beyond basic payments through money movement, tokenization, data and other value-added services. These initiatives could improve customer retention and support longer-term revenue growth. Card networks growth strategy article
• Neutral Sentiment: Insider selling was conducted under a preset plan: Ravi Raghu sold 9,726 COF shares for approximately $2.04 million, reducing his holdings by about 27%. The size of the sale may attract attention, but its execution under a pre-arranged Rule 10b5-1 plan makes it a relatively weak discretionary bearish signal. Capital One insider sale article
• Negative Sentiment: Trump Organization account closures create headline risk: Capital One disclosed that it closed hundreds of Trump Organization-related accounts in 2021 after a months-long anti-money-laundering review. The bank did not accuse the organization of money laundering and said the decision was based on transaction patterns covered by federal guidance, but the disclosure could fuel political scrutiny and reputational concerns. Banking Dive AML review article

Insider Buying and Selling at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total transaction of $728,000.00. Following the transaction, 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 sale was disclosed in a filing 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, CAO Timothy P. Golden sold 3,487 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total value of $735,757.00. Following the transaction, the chief accounting officer owned 7,429 shares of the company’s stock, valued at $1,567,519. The trade was a 31.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 20,213 shares of company stock worth $4,147,832 over the last ninety days. 0.78% of the stock is currently owned by company insiders.

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.