Capital One Financial Corporation $COF Shares Sold by ABN Amro Investment Solutions

ABN Amro Investment Solutions reduced its position in Capital One Financial Corporation (NYSE:COF) by 36.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 49,834 shares of the financial services provider’s stock after selling 28,168 shares during the period. ABN Amro Investment Solutions’ holdings in Capital One Financial were worth $9,091,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COF. Wealth Enhancement Trust Services Inc. acquired a new stake in shares of Capital One Financial during the fourth quarter worth $1,303,000. HighTower Advisors LLC boosted its holdings in shares of Capital One Financial by 18.1% in the 4th quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock valued at $85,739,000 after buying an additional 54,263 shares during the period. Swiss Life Asset Management Ltd grew its position in shares of Capital One Financial by 11.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 115,843 shares of the financial services provider’s stock valued at $28,076,000 after buying an additional 11,651 shares during the last quarter. Global X Japan Co. Ltd. grew its position in shares of Capital One Financial by 958.9% during the 4th quarter. Global X Japan Co. Ltd. now owns 36,192 shares of the financial services provider’s stock valued at $8,771,000 after buying an additional 32,774 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Capital One Financial by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock worth $13,789,615,000 after acquiring an additional 360,071 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

More Capital One Financial News

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

• Positive Sentiment: Capital One beat Q2 estimates with adjusted EPS of $5.81 and revenue of about $15.8 billion, helped by stronger net interest income, higher revenues, and lower provisions for credit losses. Capital One’s Q2 Earnings Beat on Higher Revenues, Lower Provisions
• Positive Sentiment: Management said the Discover integration remains on schedule, synergies are being captured, and card growth could reaccelerate after platform migrations. COF Q2 Earnings Call Tracks Discover Integration Progress
• Positive Sentiment: Unusual options activity leaned bullish, with call buying running well above normal volume ahead of the earnings reaction.
• Neutral Sentiment: Some coverage framed the stock as a potential value play after solid consumer-credit results, but with investors still waiting for clearer signs on the outlook.
• Negative Sentiment: Shares are under pressure because the earnings beat was boosted by a sharp drop in provisions and a reserve release, while charge-offs remained elevated and integration-related expenses rose.
• Negative Sentiment: Deposits were weaker, and non-interest expense increased, which may temper enthusiasm about the durability of earnings momentum.
• Negative Sentiment: A New York lawsuit involving Zelle’s parent, Early Warning Services, could add headline risk for Capital One because COF is one of the seven bank owners, though the case is not directly about Capital One’s core operations. Zelle must face New York attorney general lawsuit over ‘rampant’ fraud, judge rules

Wall Street Analysts Forecast Growth

COF has been the topic of a number of recent research reports. Rothschild & Co Redburn cut their target price on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. HSBC raised Capital One Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $226.00 to $229.00 in a report on Sunday, July 12th. Barclays cut their price target on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price objective on Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Finally, UBS Group upped their price objective on Capital One Financial from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Twenty research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $259.82.

Insider Buying and Selling at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total transaction of $728,000.00. Following the transaction, the general counsel directly owned 90,194 shares of the company’s stock, valued at approximately $18,760,352. This trade represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of Capital One Financial 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 sale, the insider owned 61,579 shares in the company, valued at approximately $11,858,883.82. This represents a 2.76% 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. Insiders have sold a total of 8,749 shares of company stock worth $1,708,577 in the last ninety days. 0.78% of the stock is owned by company insiders.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $201.84 on Thursday. The firm’s 50 day moving average is $194.79 and its two-hundred day moving average is $200.88. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The firm has a market capitalization of $125.60 billion, a P/E ratio of 12.49, a PEG ratio of 0.75 and a beta of 1.02. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. The company had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a return on equity of 11.29% 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 earnings per share. Analysts anticipate that Capital One Financial Corporation will post 19.54 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s payout ratio is presently 112.28%.

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.