BI Asset Management Fondsmaeglerselskab A S Purchases 51,533 Shares of Capital One Financial Corporation $COF

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 98.4% during the fourth quarter, HoldingsChannel reports. The fund owned 103,892 shares of the financial services provider’s stock after acquiring an additional 51,533 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Capital One Financial were worth $25,179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COF. Victory Capital Management Inc. lifted its position in Capital One Financial by 16.6% in the 3rd quarter. Victory Capital Management Inc. now owns 378,450 shares of the financial services provider’s stock valued at $80,451,000 after acquiring an additional 53,961 shares in the last quarter. APG Asset Management N.V. lifted its position in Capital One Financial by 12.9% in the 3rd quarter. APG Asset Management N.V. now owns 416,935 shares of the financial services provider’s stock valued at $88,632,000 after acquiring an additional 47,627 shares in the last quarter. Swiss Life Asset Management Ltd lifted its position in Capital One Financial by 16.4% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 104,192 shares of the financial services provider’s stock valued at $22,149,000 after acquiring an additional 14,700 shares in the last quarter. Waverton Investment Management Ltd lifted its position in Capital One Financial by 1,390.9% during the 3rd quarter. Waverton Investment Management Ltd now owns 1,181,834 shares of the financial services provider’s stock worth $251,323,000 after buying an additional 1,102,563 shares in the last quarter. Finally, Caprock Group LLC bought a new stake in Capital One Financial during the 3rd quarter worth about $7,798,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Down 1.4%

Capital One Financial stock opened at $180.58 on Friday. Capital One Financial Corporation has a fifty-two week low of $174.98 and a fifty-two week high of $259.64. The stock has a market cap of $112.37 billion, a PE ratio of 63.36, a price-to-earnings-growth ratio of 0.67 and a beta of 1.03. The firm’s 50-day simple moving average is $189.03 and its 200 day simple moving average is $208.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing the consensus estimate of $5.08 by ($0.66). The firm had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The firm’s revenue for the quarter was up 52.3% compared to the same quarter last year. During the same quarter last year, the firm posted $4.06 earnings per share. Research analysts predict that Capital One Financial Corporation will post 19.13 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were given a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 annualized dividend and a yield of 1.8%. Capital One Financial’s payout ratio is currently 112.28%.

Insiders Place Their Bets

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total transaction of $643,755.00. Following the sale, the general counsel owned 97,194 shares of the company’s stock, valued at approximately $17,876,892.42. This represents a 3.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the sale, the insider directly owned 61,579 shares in the company, valued at $11,858,883.82. This trade represents a 2.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 8,040 shares of company stock valued at $1,498,615. Company insiders own 0.78% of the company’s stock.

Wall Street Analysts Forecast Growth

COF has been the topic of several research analyst reports. Argus dropped their price objective on Capital One Financial from $260.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. BTIG Research reaffirmed a “buy” rating and set a $224.00 target price on shares of Capital One Financial in a report on Wednesday, April 22nd. The Goldman Sachs Group lowered their target price on shares of Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Finally, Wells Fargo & Company reduced their price target on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Seventeen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.75.

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.