Nordea Investment Management AB Increases Holdings in Capital One Financial Corporation $COF

Nordea Investment Management AB grew its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 142.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,968 shares of the financial services provider’s stock after buying an additional 43,438 shares during the period. Nordea Investment Management AB’s holdings in Capital One Financial were worth $15,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Capital One Financial by 18.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider’s stock worth $10,010,000 after buying an additional 9,374 shares during the last quarter. Plancorp LLC purchased a new stake in Capital One Financial during the 2nd quarter worth about $272,000. Creative Financial Designs Inc. ADV lifted its holdings in Capital One Financial by 105.3% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider’s stock worth $138,000 after buying an additional 394 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Capital One Financial by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock worth $1,776,000 after buying an additional 1,312 shares during the last quarter. Finally, Mutual Advisors LLC purchased a new stake in shares of Capital One Financial in the 1st quarter valued at about $215,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Up 4.0%

COF opened at $211.25 on Monday. The business has a 50 day moving average price of $219.01 and a two-hundred day moving average price of $203.65. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a market cap of $135.10 billion, a PE ratio of 108.33, a P/E/G ratio of 0.76 and a beta of 1.18. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. The firm’s revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.14 earnings per share. As a group, research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial’s payout ratio is presently 123.08%.

Insiders Place Their Bets

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares in the company, valued at $1,889,786.36. The trade was a 27.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,298 shares of company stock worth $5,103,824. Company insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on COF shares. Wells Fargo & Company boosted their target price on Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, July 25th. The Goldman Sachs Group reduced their target price on Capital One Financial from $276.00 to $266.00 and set a “buy” rating for the company in a report on Friday, October 3rd. Truist Financial boosted their target price on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, September 12th. HSBC set a $218.00 target price on Capital One Financial and gave the company a “hold” rating in a report on Friday, October 10th. Finally, Royal Bank Of Canada boosted their target price on Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $252.78.

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.