Sei Investments Co. Grows Holdings in Capital One Financial Corporation $COF

Sei Investments Co. increased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 10.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,132,858 shares of the financial services provider’s stock after purchasing an additional 110,191 shares during the period. Sei Investments Co.’s holdings in Capital One Financial were worth $206,664,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of COF. Vanguard Group Inc. raised its holdings in shares of Capital One Financial by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock valued at $13,789,615,000 after buying an additional 360,071 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Capital One Financial by 5.4% during the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock worth $3,023,795,000 after buying an additional 638,158 shares during the period. Morgan Stanley grew its holdings in shares of Capital One Financial by 3.9% during the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock worth $2,103,196,000 after buying an additional 323,350 shares during the last quarter. Norges Bank purchased a new position in shares of Capital One Financial during the fourth quarter worth about $2,089,803,000. Finally, Davis Selected Advisers increased its position in Capital One Financial by 2.8% in the 4th quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock valued at $2,087,878,000 after acquiring an additional 234,649 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Trading Down 2.1%

Shares of Capital One Financial stock opened at $201.84 on Thursday. The firm has a market cap of $125.60 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 0.75 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’s 50-day simple moving average is $194.79 and its 200-day simple moving average is $200.88. 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 announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.29%. The firm had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same quarter last year, the firm earned $5.48 earnings per share. The firm’s revenue was up 26.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Capital One Financial Corporation will post 19.54 earnings per share for the current year.

Capital One Financial Dividend Announcement

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

Insider Buying and Selling

In related news, insider Celia Karam sold 1,749 shares of Capital One Financial stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the sale, the insider directly owned 61,579 shares in the company, valued at $11,858,883.82. The trade was a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 company’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the transaction, the general counsel directly owned 90,194 shares in the company, valued at $18,760,352. This represents a 3.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 8,749 shares of company stock valued at $1,708,577. Company insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

COF has been the subject of several analyst reports. HSBC raised Capital One Financial from a “hold” rating to a “buy” rating and upped their price objective for the company from $226.00 to $229.00 in a research note on Sunday, July 12th. 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 note on Thursday, April 9th. The Goldman Sachs Group dropped their target price on Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a research note on Wednesday, June 24th. Finally, UBS Group increased their price target on Capital One Financial from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Twenty investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $259.82.

More Capital One Financial News

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

• Positive Sentiment: Capital One beat Q2 estimates with adjusted EPS of $5.81 and revenue of about $15.8 billion, helped by stronger net interest income, higher revenues, and lower provisions for credit losses. Capital One’s Q2 Earnings Beat on Higher Revenues, Lower Provisions
• Positive Sentiment: Management said the Discover integration remains on schedule, synergies are being captured, and card growth could reaccelerate after platform migrations. COF Q2 Earnings Call Tracks Discover Integration Progress
• Positive Sentiment: Unusual options activity leaned bullish, with call buying running well above normal volume ahead of the earnings reaction.
• Neutral Sentiment: Some coverage framed the stock as a potential value play after solid consumer-credit results, but with investors still waiting for clearer signs on the outlook.
• Negative Sentiment: Shares are under pressure because the earnings beat was boosted by a sharp drop in provisions and a reserve release, while charge-offs remained elevated and integration-related expenses rose.
• Negative Sentiment: Deposits were weaker, and non-interest expense increased, which may temper enthusiasm about the durability of earnings momentum.
• Negative Sentiment: A New York lawsuit involving Zelle’s parent, Early Warning Services, could add headline risk for Capital One because COF is one of the seven bank owners, though the case is not directly about Capital One’s core operations. Zelle must face New York attorney general lawsuit over ‘rampant’ fraud, judge rules

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.