Capital One Financial Corporation $COF Stake Raised by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust Co. increased its Capital One stake by 84.6% in the third quarter to 17,213 shares valued at approximately $3.32 million. Hedge funds and other institutional investors collectively own 89.84% of COF.
• Capital One reported quarterly earnings of $5.81 per share, beating estimates of $4.79, while revenue rose 26.9% year over year to $15.83 billion. The company also pays a quarterly dividend of $0.80 per share, yielding about 1.6%.
• Analysts maintain a favorable outlook, with 20 Buy ratings and five Holds and an average price target of $255.04; however, insiders sold 33,850 shares worth about $7.17 million over the past 90 days.

First Citizens Bank & Trust Co. raised its position in Capital One Financial Corporation (NYSE:COF) by 84.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,213 shares of the financial services provider's stock after purchasing an additional 7,886 shares during the period. First Citizens Bank & Trust Co.'s holdings in Capital One Financial were worth $3,323,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Solstein Capital LLC bought a new position in Capital One Financial during the second quarter valued at approximately $26,000. Purpose Unlimited Inc. bought a new stake in Capital One Financial in the fourth quarter worth $33,000. Gilpin Wealth Management LLC bought a new stake in Capital One Financial in the third quarter worth $27,000. Ballast Advisors LLC purchased a new stake in Capital One Financial during the first quarter valued at about $27,000. Finally, Pension & Wealth Management Advisors Inc. purchased a new stake in Capital One Financial during the second quarter valued at about $31,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

NYSE COF opened at $194.18 on Thursday. The business's fifty day moving average price is $208.80 and its 200-day moving average price is $200.06. The stock has a market capitalization of $119.12 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 0.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64.

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

Capital One Financial Announces Dividend

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

Key Capital One Financial News

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

• Positive Sentiment: Analysts and earnings-focused research expect Capital One to outperform consensus estimates in its upcoming quarterly report. The company’s prior quarter included an earnings beat and strong year-over-year revenue growth, supporting optimism about continued operating momentum. Capital One Expected to Beat Earnings Estimates
• Positive Sentiment: A lawsuit filed by Capital One against real estate investor Scott Everett over an $11 million personal guaranty was reportedly dismissed. The development may reduce litigation-related uncertainty, although the financial impact appears limited relative to Capital One’s overall business. Scott Everett Bounces Back With Refinance and Lawsuit Dismissal
• Neutral Sentiment: Capital One is scheduled to report quarterly results, making earnings expectations and management commentary on credit quality, loan growth and funding costs the key near-term catalysts. Capital One Projected to Post Quarterly Earnings
• Neutral Sentiment: High certificate-of-deposit rates of up to 4.40% could help banks attract deposits but may also increase funding costs and pressure net interest margins. The effect on Capital One depends on deposit pricing and asset yields. Best CD Rates
• Negative Sentiment: The Treasury Department’s review found that the largest U.S. banks used reputation-risk policies that could allow political or social considerations to affect access to banking services. The findings may increase regulatory, compliance and reputational scrutiny across the banking sector, including Capital One. Treasury Review of Bank Debanking Policies

Insider Activity

In related news, insider Ravi Raghu sold 9,726 shares of the firm's stock in a transaction 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 completion of the transaction, the insider owned 26,328 shares of the company's stock, valued at $5,523,087.84. This trade represents a 26.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,066 shares of the firm's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $206.07, for a total transaction of $425,740.62. Following the sale, the insider owned 61,195 shares in the company, valued at approximately $12,610,453.65. This represents a 3.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 33,850 shares of company stock valued at $7,167,152. 0.78% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

COF has been the subject of a number of recent analyst reports. HSBC upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and upped their price target for the company from $226.00 to $229.00 in a report on Sunday, July 12th. TD Cowen lowered their price objective on shares of Capital One Financial from $253.00 to $242.00 and set a "buy" rating for the company in a research note on Tuesday, October 6th. Piper Sandler upped their price objective on shares of Capital One Financial from $254.00 to $260.00 and gave the company an "overweight" rating in a research note on Monday, September 28th. Barclays dropped their target price on shares of Capital One Financial from $240.00 to $237.00 and set an "overweight" rating for the company in a report on Monday, October 5th. Finally, BMO Capital Markets initiated coverage on Capital One Financial in a research note on Friday, October 9th. They issued a "market perform" rating and a $219.00 target price on the stock. Twenty analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Capital One Financial presently has an average rating of "Moderate Buy" and an average price target of $255.04.

Capital One Financial Company 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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