Capital One Financial Corporation $COF Shares Sold by Hosking Partners LLP

Key Points

• Hosking Partners cut its Capital One position by 7.4% in the third quarter, selling 18,954 shares and retaining 236,254 shares valued at approximately $45.6 million. Institutional investors collectively own 89.84% of COF.
• Capital One reported strong quarterly results, with $6.69 adjusted EPS and $16.31 billion in revenue, exceeding analyst expectations. Profitability improved as net interest margin expanded and credit-loss provisions declined, though delinquencies increased.
• Analysts remain broadly optimistic, with COF holding a “Moderate Buy” consensus rating and an average price target of $256.32. The company also reported progress on Discover acquisition synergies, while recent insider selling totaled $7.9 million.

Hosking Partners LLP reduced its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 7.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,254 shares of the financial services provider's stock after selling 18,954 shares during the period. Capital One Financial makes up 1.6% of Hosking Partners LLP's investment portfolio, making the stock its 22nd largest holding. Hosking Partners LLP's holdings in Capital One Financial were worth $45,614,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of COF. Solstein Capital LLC acquired a new position in Capital One Financial during the second quarter worth $26,000. Gilpin Wealth Management LLC bought a new position in shares of Capital One Financial in the third quarter valued at $27,000. Ballast Advisors LLC bought a new position in shares of Capital One Financial in the first quarter valued at $27,000. Pension & Wealth Management Advisors Inc. bought a new position in shares of Capital One Financial in the second quarter valued at $31,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Capital One Financial during the first quarter valued at about $29,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 5,473 shares of the firm's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the transaction, the insider directly owned 27,992 shares of the company's stock, valued at $6,102,815.84. This trade represents a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Timothy P. Golden sold 3,487 shares of the business's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total transaction of $735,757.00. Following the transaction, the chief accounting officer owned 7,429 shares in the company, valued at approximately $1,567,519. This trade represents a 31.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 37,664 shares of company stock valued at $7,914,162 over the last three months. Insiders own 0.78% of the company's stock.

Key Stories Impacting Capital One Financial

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

• Positive Sentiment: Capital One reported adjusted earnings of $6.69 per share, above the roughly $5.45–$5.50 analyst consensus, while revenue reached approximately $16.3 billion, up about 6% year over year. Net income rose to $3.54 billion, helping drive the favorable market reaction. Capital One Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Profitability trends improved: net interest margin expanded to 8.41%, pre-provision earnings increased, and the provision for credit losses declined from the prior quarter. Domestic credit-card net charge-offs also improved to 3.98%. Capital One Reports $3.5 Billion Q3 Profit
• Positive Sentiment: Management said the Discover acquisition is progressing ahead of schedule, with annualized synergies reported at approximately $1.8 billion. Investors also noted share repurchases and continued growth in Global Payment Network transaction volume. Capital One Q3 Earnings Call Transcript
• Positive Sentiment: JPMorgan raised its COF price target from $227 to $241 and assigned an overweight rating. BMO also lifted its target from $219 to $225, though it retained a market perform rating, signaling upside potential but some analyst caution.
• Neutral Sentiment: Capital One plans to increase marketing and network investment to compete more aggressively, which could support long-term growth but may pressure near-term expenses. Capital One Will Step Up Marketing
• Negative Sentiment: Credit metrics were mixed: credit-card delinquencies of 30 days or more increased to 3.74%. In addition, several insiders have sold shares recently, although at least one transaction was conducted under a pre-arranged trading plan.

Capital One Financial Trading Up 2.2%

NYSE COF opened at $205.98 on Thursday. 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 business has a fifty day simple moving average of $207.03 and a 200 day simple moving average of $200.80. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The firm has a market capitalization of $126.37 billion, a P/E ratio of 12.16, a PEG ratio of 0.97 and a beta of 1.04.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.53 by $1.16. Capital One Financial had a net margin of 13.70% and a return on equity of 11.54%. The firm had revenue of $16.31 billion for the quarter, compared to the consensus estimate of $16.25 billion. During the same period in the previous year, the firm earned $5.95 EPS. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts predict that Capital One Financial Corporation will post 20.36 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a $0.80 dividend. The ex-dividend date was Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial's dividend payout ratio is currently 19.80%.

Wall Street Analysts Forecast Growth

COF has been the subject of several recent research reports. Piper Sandler boosted their target price on shares of Capital One Financial from $260.00 to $269.00 and gave the stock an "overweight" rating in a research report on Wednesday. BMO Capital Markets upped their target price on shares of Capital One Financial from $219.00 to $225.00 and gave the stock a "market perform" rating in a report on Wednesday. Weiss Ratings downgraded Capital One Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, October 6th. Evercore set a $220.00 price target on Capital One Financial in a research note on Thursday, October 1st. Finally, TD Cowen boosted their price objective on Capital One Financial from $242.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday. Nineteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $256.32.

Capital One Financial Profile

Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.

Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.

The company primarily serves customers in the United States through digital channels, branches and other distribution networks.

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.