Capital One Financial Corporation $COF Stock Purchased by Nvwm LLC

Key Points

• Nvwm LLC doubled its Capital One position in the third quarter, purchasing 6,154 additional shares to hold 12,240 shares valued at approximately $2.36 million.
• Institutional ownership remains substantial at 89.84%, with State Street, BlackRock, Bank of America, Wellington Management and Bank of New York Mellon among the largest holders.
• Capital One recently beat quarterly earnings expectations, reporting $5.81 in EPS and $15.83 billion in revenue, while analysts maintain a “Moderate Buy” consensus with an average price target of $255.04; insiders, however, sold $7.17 million of shares over the past three months.

Nvwm LLC boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 101.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,240 shares of the financial services provider's stock after buying an additional 6,154 shares during the period. Nvwm LLC's holdings in Capital One Financial were worth $2,363,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Capital One Financial by 107.9% during the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider's stock worth $11,491,259,000 after acquiring an additional 29,724,829 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Capital One Financial by 0.5% in the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider's stock valued at $10,242,628,000 after purchasing an additional 236,643 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Capital One Financial in the second quarter valued at $1,435,311,000. Wellington Management Group LLP grew its holdings in shares of Capital One Financial by 36.2% in the second quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider's stock valued at $1,426,029,000 after purchasing an additional 1,887,497 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Capital One Financial by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider's stock valued at $1,127,733,000 after purchasing an additional 187,532 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Key Headlines Impacting Capital One Financial

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 Buying and Selling

In other Capital One Financial news, insider Lia Dean sold 2,066 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $206.07, for a total transaction of $425,740.62. Following the completion of the transaction, the insider owned 61,195 shares in the company, valued at $12,610,453.65. The trade was a 3.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the business's stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following 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 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 sold a total of 33,850 shares of company stock worth $7,167,152 over the last three months. 0.78% of the stock is currently owned by company insiders.

Capital One Financial Stock Performance

NYSE:COF opened at $194.18 on Thursday. The stock's fifty day moving average is $208.80 and its 200 day moving average is $200.06. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The firm has a market capitalization of $119.12 billion, a PE 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 quick ratio of 1.02 and a current ratio of 1.02.

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 (EPS) for the quarter, topping analysts' consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%. The company had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same period last year, the company earned $5.48 earnings per share. Capital One Financial's revenue was up 26.9% on a year-over-year basis. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 20.36 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a dividend of $0.80 per share. 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 is presently 19.80%.

Analyst Ratings Changes

Several equities analysts have commented on COF shares. Piper Sandler increased 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 report on Monday, September 28th. Bank of America dropped their price objective on shares of Capital One Financial from $234.00 to $231.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. Evercore set a $220.00 target price on shares of Capital One Financial in a report on Thursday, October 1st. TD Cowen decreased their target price on shares of Capital One Financial from $253.00 to $242.00 and set a "buy" rating on the stock in a research report on Tuesday, October 6th. Finally, Weiss Ratings cut shares of Capital One Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, October 6th. Twenty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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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