Capital One Financial Corporation $COF Stock Position Raised by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 1.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 251,383 shares of the financial services provider’s stock after buying an additional 3,423 shares during the period. Nisa Investment Advisors LLC’s holdings in Capital One Financial were worth $48,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in COF. Solstein Capital LLC acquired a new position in shares of Capital One Financial in the second quarter valued at $26,000. Purpose Unlimited Inc. bought a new position in shares of Capital One Financial in the fourth quarter valued at about $33,000. Gilpin Wealth Management LLC bought a new position in shares of Capital One Financial in the third quarter valued at about $27,000. Ballast Advisors LLC bought a new position in shares of Capital One Financial in the first quarter valued at about $27,000. Finally, Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Capital One Financial during the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on COF. Piper Sandler lifted their target price on shares of Capital One Financial from $254.00 to $260.00 and gave the stock an “overweight” rating in a report on Monday, September 28th. Morgan Stanley decreased their price target on shares of Capital One Financial from $273.00 to $267.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Citigroup lowered their price target on shares of Capital One Financial from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, September 29th. BMO Capital Markets started coverage on shares of Capital One Financial in a research report on Friday, October 9th. They set a “market perform” rating and a $219.00 price objective for the company. Finally, UBS Group raised their price objective on shares of Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Twenty equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus price target of $255.04.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,473 shares of the business’s stock in a transaction that occurred on 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 sale, the insider directly owned 27,992 shares of the company’s stock, valued at $6,102,815.84. The trade was a 16.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ravi Raghu sold 9,726 shares of the company’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 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 approximately $5,523,087.84. This trade represents a 26.98% 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 37,664 shares of company stock valued at $7,914,162. Corporate insiders own 0.78% of the company’s stock.

Capital One Financial News Roundup

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

• Positive Sentiment: Earnings beat expectations. Capital One reported adjusted earnings of $6.69 per share, versus the $5.45–$5.50 consensus range, and revenue of approximately $16.3 billion, up about 6% year over year and ahead of estimates. Reported net income rose to $3.54 billion from $3.19 billion a year earlier. Capital One Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Profitability and credit performance improved in several areas. Net interest margin expanded 40 basis points sequentially to 8.41%, total non-interest expense declined 2% to $8.9 billion, and domestic credit-card net charge-offs fell to 3.98% from 4.71% in the prior quarter. The provision for credit losses also declined to $2.9 billion and included a $225 million reserve release. Capital One Q3 Net Income Reaches $3.5 Billion
• Neutral Sentiment: Discover integration remains a major investor focus. Capital One continued to exclude acquisition-related amortization and integration expenses from adjusted earnings. Total loans increased to $462.5 billion, while deposits declined to $480.7 billion; the preliminary Common Equity Tier 1 capital ratio was a solid 13.8%.
• Negative Sentiment: Some consumer-credit indicators worsened. Domestic credit-card delinquencies of 30 days or more rose to 3.74% from 3.39% in the second quarter, signaling continued pressure on borrowers despite lower charge-offs. Two insiders also sold shares under pre-arranged Rule 10b5-1 plans, a development that may weigh modestly on sentiment but is not necessarily a discretionary bearish signal. Capital One Insider Trading Report

Capital One Financial Stock Performance

Capital One Financial stock opened at $201.65 on Wednesday. The stock has a market cap of $123.71 billion, a PE ratio of 12.48, a P/E/G ratio of 0.96 and a beta of 1.04. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $207.35 and its two-hundred day moving average price is $200.63. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, topping analysts’ consensus estimates of $5.50 by $1.19. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%. The business had revenue of $16.31 billion for the quarter, compared to analyst estimates of $16.25 billion. During the same quarter in the previous year, the company posted $5.95 EPS. Capital One Financial’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, analysts expect that Capital One Financial Corporation will post 20.36 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued 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 19.80%.

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.