Resona Asset Management Co. Ltd. Buys 3,086 Shares of Capital One Financial Corporation $COF

Resona Asset Management Co. Ltd. grew its stake in Capital One Financial Corporation (NYSE:COF) by 1.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,084 shares of the financial services provider’s stock after acquiring an additional 3,086 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Capital One Financial were worth $36,884,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of COF. Evolution Wealth Management Inc. grew its holdings in Capital One Financial by 529.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 90 shares during the period. VSM Wealth Advisory LLC bought a new stake in Capital One Financial in the fourth quarter valued at approximately $27,000. Cherry Tree Wealth Management LLC raised its holdings in Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 105 shares during the period. Strive Asset Management LLC acquired a new stake in Capital One Financial in the third quarter worth $28,000. Finally, Osterweis Capital Management Inc. bought a new position in shares of Capital One Financial during the fourth quarter worth $29,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a report on Wednesday, June 24th. Wells Fargo & Company dropped their price objective on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reduced 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. TD Cowen decreased their target price on Capital One Financial from $260.00 to $253.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, The Goldman Sachs Group lowered their price target on Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Eighteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and an average price target of $259.71.

Key Capital One Financial News

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

• Positive Sentiment: Analysts remained supportive, with TD Cowen and UBS reiterating buy ratings and setting price targets of $253 and $275, respectively, suggesting meaningful upside from current levels.
• Positive Sentiment: The Discover deal continues to be viewed as strategically important because it could deepen Capital One’s payments footprint and reduce reliance on third-party networks.
• Neutral Sentiment: Capital One General Counsel Matthew W. Cooper sold 3,500 shares under a pre-arranged 10b5-1 plan, a disclosure that may add to the market’s cautious tone but does not by itself signal a major business change. SEC filing
• Neutral Sentiment: The company’s latest quarterly results were mixed, with earnings and revenue both missing estimates, which keeps investors focused on whether near-term performance can improve before the next report on July 21.
• Negative Sentiment: Markets appear concerned about execution risk tied to the Discover integration, especially as card migration and cost synergies become a bigger focus in the weeks ahead.
• Negative Sentiment: Recent insider selling across multiple executives may be reinforcing caution among traders, even though the transactions were disclosed and some were planned in advance.

Capital One Financial Stock Down 5.5%

Capital One Financial stock opened at $191.71 on Thursday. The stock has a market capitalization of $119.30 billion, a PE ratio of 67.26, a price-to-earnings-growth ratio of 0.73 and a beta of 1.02. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month 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. The company has a 50 day moving average of $191.49 and a 200-day moving average of $203.73.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) 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 company had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. During the same period in the prior year, the company earned $4.06 EPS. The firm’s revenue was up 52.3% on a year-over-year basis. On average, equities research analysts anticipate that Capital One Financial Corporation will post 19.53 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s dividend payout ratio is 112.28%.

Insider Transactions at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s 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 directly owned 90,194 shares in the company, valued at $18,760,352. The trade was a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction, the insider directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 8,749 shares of company stock valued at $1,708,577. Corporate insiders own 0.78% of the company’s stock.

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.