DNB Asset Management AS Buys 33,133 Shares of Capital One Financial Corporation $COF

DNB Asset Management AS increased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 20.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 193,237 shares of the financial services provider’s stock after acquiring an additional 33,133 shares during the period. DNB Asset Management AS’s holdings in Capital One Financial were worth $46,833,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Olistico Wealth LLC bought a new stake in Capital One Financial in the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. raised its stake in Capital One Financial by 550.0% in the fourth quarter. Rakuten Securities Inc. now owns 130 shares of the financial services provider’s stock valued at $32,000 after buying an additional 110 shares during the period. Strive Asset Management LLC bought a new stake in Capital One Financial in the third quarter valued at approximately $28,000. Westfuller Advisors LLC raised its stake in Capital One Financial by 661.1% in the fourth quarter. Westfuller Advisors LLC now owns 137 shares of the financial services provider’s stock valued at $33,000 after buying an additional 119 shares during the period. Finally, NBT Bank N A NY bought a new stake in Capital One Financial in the fourth quarter valued at approximately $36,000. Institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on COF shares. Barclays upped their price objective on Capital One Financial from $226.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a research note on Friday, March 27th. UBS Group dropped their price objective on Capital One Financial from $283.00 to $270.00 in a research note on Wednesday, May 6th. TD Cowen dropped their price objective on Capital One Financial from $290.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Finally, Truist Financial lowered their price target on shares of Capital One Financial from $275.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.52.

Insider Activity at Capital One Financial

In related news, insider Neal Blinde sold 38,135 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the sale, the insider owned 33,551 shares of the company’s stock, valued at $6,391,801.01. This represents a 53.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jason P. Hanson sold 3,729 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total value of $764,445.00. Following the sale, the insider directly owned 40,230 shares in the company, valued at $8,247,150. This represents a 8.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 49,904 shares of company stock valued at $9,528,159 in the last 90 days. Corporate insiders own 0.78% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE COF opened at $187.19 on Friday. The firm has a market cap of $116.48 billion, a P/E ratio of 65.68, a price-to-earnings-growth ratio of 0.68 and a beta of 1.05. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. Capital One Financial Corporation has a 1-year low of $174.98 and a 1-year high of $259.64. The business’s 50 day moving average is $188.41 and its 200-day moving average is $211.67.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The firm had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.Capital One Financial’s revenue for the quarter was up 52.3% on a year-over-year basis. During the same quarter last year, the business posted $4.06 EPS. Equities research analysts predict that Capital One Financial Corporation will post 19.17 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th will be paid a dividend of $0.80 per share. The ex-dividend date is Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio (DPR) is 112.28%.

About Capital One Financial

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.