DNB Asset Management AS Grows Holdings in Capital One Financial Corporation $COF

DNB Asset Management AS raised its position in Capital One Financial Corporation (NYSE:COF) by 73.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,745 shares of the financial services provider’s stock after buying an additional 51,818 shares during the period. DNB Asset Management AS’s holdings in Capital One Financial were worth $26,115,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Earned Wealth Advisors LLC acquired a new stake in Capital One Financial during the 2nd quarter valued at $254,000. Plancorp LLC acquired a new position in Capital One Financial during the second quarter valued at $272,000. Smith Chas P & Associates PA Cpas raised its position in Capital One Financial by 1,490.0% during the second quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock valued at $9,252,000 after buying an additional 40,751 shares during the period. Private Advisor Group LLC lifted its stake in Capital One Financial by 15.3% in the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock worth $1,776,000 after acquiring an additional 1,312 shares in the last quarter. Finally, Callodine Capital Management LP boosted its position in Capital One Financial by 200.0% during the 1st quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock worth $26,895,000 after acquiring an additional 100,000 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Trading Up 2.8%

Shares of NYSE:COF opened at $207.96 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $132.21 billion, a PE ratio of 87.75, a P/E/G ratio of 0.70 and a beta of 1.19. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The firm has a fifty day moving average price of $216.71 and a 200 day moving average price of $211.43.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. The company had revenue of $15.46 billion during the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%. Analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 17th. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is currently 135.02%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on COF shares. Wells Fargo & Company increased their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Capital One Financial from $224.00 to $240.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Redburn Atlantic raised shares of Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Finally, Barclays increased their price objective on Capital One Financial from $257.00 to $271.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Insider Buying and Selling

In related news, insider Neal Blinde sold 43,200 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total value of $9,583,056.00. Following the transaction, the insider directly owned 73,020 shares in the company, valued at approximately $16,198,026.60. This trade represents a 37.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Richard D. Fairbank sold 103,487 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the transaction, the chief executive officer directly owned 4,001,228 shares of the company’s stock, valued at approximately $882,990,995.04. This represents a 2.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 274,013 shares of company stock worth $61,045,903. 1.26% of the stock is currently owned by company insiders.

Capital One Financial Company Profile

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.