Assenagon Asset Management S.A. Buys 17,130 Shares of Capital One Financial Corporation $COF

Assenagon Asset Management S.A. lifted its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 814,178 shares of the financial services provider's stock after buying an additional 17,130 shares during the period. Assenagon Asset Management S.A. owned about 0.13% of Capital One Financial worth $157,193,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in COF. Solstein Capital LLC acquired a new position in Capital One Financial in the 2nd quarter valued at approximately $26,000. Purpose Unlimited Inc. bought a new stake in shares of Capital One Financial in the 4th quarter worth approximately $33,000. Gilpin Wealth Management LLC acquired a new stake in shares of Capital One Financial during the 3rd quarter worth approximately $27,000. Ballast Advisors LLC acquired a new stake in shares of Capital One Financial during the 1st quarter worth approximately $27,000. Finally, Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Capital One Financial during the 2nd quarter worth approximately $31,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial News Roundup

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

• Positive Sentiment: Capital One and the Capital One Foundation announced 10 finalists for a $25 million Scaling Pathways to Homeownership initiative, supporting organizations developing solutions to improve housing affordability. The program may enhance Capital One’s community and public-policy profile, although it is unlikely to materially affect near-term earnings. Capital One’s $25 Million Homeownership Initiative
• Positive Sentiment: Capital One continues to attract value-oriented interest, with analysts highlighting its relatively low earnings multiple and the possibility that quarterly results could exceed expectations despite a challenging operating environment. Why Capital One Is a Strong Value Stock
• Neutral Sentiment: Third-quarter forecasts point to higher revenue but lower year-over-year earnings. Investors are watching credit-card performance, loan growth, provisions for credit losses, expenses and other operating metrics beyond headline EPS. Capital One Q3 Earnings Forecasts
• Negative Sentiment: Weak consumer loan demand, higher provisions and rising expenses could pressure third-quarter profitability, even if credit-card operations remain comparatively strong. This is the main near-term earnings risk ahead of the release. Capital One Q3 Earnings Risks
• Negative Sentiment: A Treasury review found that reputation-risk policies at nine major U.S. banks could allow political or social considerations to influence access to banking services. The findings could increase regulatory and reputational scrutiny across the industry, including Capital One. Treasury Debanking Review

Insider Buying and Selling

In other news, insider Ravi Raghu sold 9,726 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the sale, the insider directly owned 26,328 shares of the company's stock, valued at $5,523,087.84. This represents a 26.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, insider Lia Dean sold 2,193 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $225.52, for a total transaction of $494,565.36. Following the sale, the insider directly owned 63,261 shares in the company, valued at $14,266,620.72. This trade represents a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 33,850 shares of company stock valued at $7,167,152. Insiders own 0.78% of the company's stock.

Capital One Financial Stock Performance

NYSE COF opened at $199.37 on Friday. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The company has a 50 day moving average of $208.39 and a 200-day moving average of $200.22. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm has a market cap of $122.31 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 0.94 and a beta of 1.04.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.79 by $1.02. The firm had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%. The business's revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.48 EPS. On average, equities analysts forecast that Capital One Financial Corporation will post 20.36 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, August 17th. Capital One Financial's dividend payout ratio (DPR) is presently 19.80%.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of recent research reports. UBS Group upped their target price on Capital One Financial from $275.00 to $280.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Citigroup dropped their price objective on shares of Capital One Financial from $295.00 to $280.00 and set a "buy" rating for the company in a research note on Tuesday, September 29th. BMO Capital Markets started coverage on shares of Capital One Financial in a report on Friday, October 9th. They set a "market perform" rating and a $219.00 price objective for the company. Bank of America decreased their target price on shares of Capital One Financial from $234.00 to $231.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 target price on shares of Capital One Financial in a research report on Thursday, August 20th. Twenty investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $255.04.

Capital One Financial Profile

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.

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