KLP Kapitalforvaltning AS Invests $18.84 Million in Capital One Financial Co. (NYSE:COF)

KLP Kapitalforvaltning AS purchased a new position in shares of Capital One Financial Co. (NYSE:COF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 105,623 shares of the financial services provider’s stock, valued at approximately $18,835,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norden Group LLC lifted its stake in Capital One Financial by 2.6% in the 4th quarter. Norden Group LLC now owns 2,010 shares of the financial services provider’s stock valued at $358,000 after buying an additional 51 shares in the last quarter. Catalyst Financial Partners LLC lifted its stake in Capital One Financial by 3.9% in the 4th quarter. Catalyst Financial Partners LLC now owns 1,428 shares of the financial services provider’s stock valued at $255,000 after buying an additional 54 shares in the last quarter. Gladstone Institutional Advisory LLC lifted its stake in Capital One Financial by 3.3% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider’s stock valued at $317,000 after buying an additional 56 shares in the last quarter. TFB Advisors LLC lifted its stake in Capital One Financial by 4.1% in the 4th quarter. TFB Advisors LLC now owns 1,488 shares of the financial services provider’s stock valued at $265,000 after buying an additional 59 shares in the last quarter. Finally, Money Concepts Capital Corp lifted its stake in Capital One Financial by 4.1% in the 4th quarter. Money Concepts Capital Corp now owns 1,565 shares of the financial services provider’s stock valued at $279,000 after buying an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on COF. Barclays upped their target price on Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Evercore ISI upgraded Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price target for the company in a report on Wednesday, March 12th. UBS Group upgraded Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price target for the company from $168.00 to $235.00 in a report on Monday, January 13th. Truist Financial cut their price target on Capital One Financial from $257.00 to $215.00 and set a “buy” rating for the company in a report on Friday. Finally, HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target for the company in a report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $203.87.

Capital One Financial Trading Up 0.2 %

COF stock opened at $174.79 on Monday. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $210.67. The company has a market cap of $66.65 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 1.19 and a beta of 1.47. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The business has a fifty day simple moving average of $191.50 and a 200-day simple moving average of $176.54.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the prior year, the firm earned $2.81 EPS. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts expect that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.37%. Capital One Financial’s dividend payout ratio is currently 20.71%.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.