Kestra Advisory Services LLC Raises Position in Capital One Financial Corporation $COF

Kestra Advisory Services LLC raised its position in shares of Capital One Financial Corporation (NYSE:COF) by 6.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Capital One Financial in the fourth quarter worth $2,089,803,000. Viking Global Investors LP lifted its position in Capital One Financial by 30.3% during the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock valued at $1,570,649,000 after buying an additional 1,717,148 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Capital One Financial by 7,143.2% during the 4th quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock valued at $350,966,000 after buying an additional 1,428,133 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Capital One Financial by 64.9% during the 4th quarter. AQR Capital Management LLC now owns 3,366,692 shares of the financial services provider’s stock valued at $815,951,000 after buying an additional 1,324,845 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Capital One Financial by 61.8% in the 2nd quarter. Alliancebernstein L.P. now owns 1,969,661 shares of the financial services provider’s stock worth $419,065,000 after buying an additional 752,461 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of COF opened at $202.99 on Tuesday. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The company has a market capitalization of $126.32 billion, a P/E ratio of 71.22, a price-to-earnings-growth ratio of 0.73 and a beta of 1.02. The firm has a 50 day moving average of $192.09 and a 200 day moving average of $202.78. 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 released 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). The business had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The business’s revenue was up 52.3% compared to the same quarter last year. During the same period last year, the company posted $4.06 earnings per share. As a group, equities research analysts anticipate that Capital One Financial Corporation will post 19.55 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders 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 dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Capital One Financial’s dividend payout ratio is presently 112.28%.

Key Headlines Impacting Capital One Financial

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.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial 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 completion of the transaction, the general counsel owned 90,194 shares of the company’s stock, valued at approximately $18,760,352. The trade was a 3.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 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 $11,858,883.82. This represents a 2.76% 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. Insiders have sold 8,749 shares of company stock worth $1,708,577 over the last ninety days. 0.78% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

COF has been the subject of a number of recent research reports. Argus lowered their price target on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Morgan Stanley cut their price objective on shares of Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Evercore decreased their target price on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a research note on Monday, April 6th. BTIG Research lifted their target price on shares of Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Finally, Truist Financial dropped their price target on Capital One Financial from $275.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Twenty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $259.91.

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.