Nordea Investment Management AB Has $64.65 Million Position in Capital One Financial Corporation $COF

Nordea Investment Management AB increased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 239.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,062 shares of the financial services provider’s stock after purchasing an additional 186,988 shares during the period. Nordea Investment Management AB’s holdings in Capital One Financial were worth $64,654,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Permanent Capital Management LP increased its stake in Capital One Financial by 5.9% during the 4th quarter. Permanent Capital Management LP now owns 13,719 shares of the financial services provider’s stock worth $3,325,000 after purchasing an additional 759 shares in the last quarter. Sovereign Financial Group Inc. lifted its stake in Capital One Financial by 7.0% in the fourth quarter. Sovereign Financial Group Inc. now owns 1,028 shares of the financial services provider’s stock valued at $249,000 after buying an additional 67 shares in the last quarter. Procyon Advisors LLC boosted its holdings in shares of Capital One Financial by 119.7% in the fourth quarter. Procyon Advisors LLC now owns 2,982 shares of the financial services provider’s stock valued at $723,000 after buying an additional 1,625 shares during the period. Parisi Gray Wealth Management boosted its holdings in shares of Capital One Financial by 14.8% in the fourth quarter. Parisi Gray Wealth Management now owns 1,718 shares of the financial services provider’s stock valued at $416,000 after buying an additional 222 shares during the period. Finally, New England Research & Management Inc. increased its position in shares of Capital One Financial by 115.9% during the fourth quarter. New England Research & Management Inc. now owns 14,952 shares of the financial services provider’s stock worth $3,624,000 after acquiring an additional 8,027 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Neal Blinde sold 38,135 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the transaction, the insider directly owned 33,551 shares in the company, valued at approximately $6,391,801.01. The trade was a 53.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ravi Raghu sold 13,450 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the sale, the insider directly owned 30,337 shares in the company, valued at $7,584,250. This trade represents a 30.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 67,933 shares of company stock valued at $14,363,897 in the last ninety days. 1.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

COF has been the topic of a number of research analyst reports. Evercore dropped their price objective on shares of Capital One Financial from $290.00 to $265.00 and set an “outperform” rating on the stock in a report on Tuesday, January 27th. Keefe, Bruyette & Woods upped their target price on shares of Capital One Financial from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. Zacks Research cut Capital One Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Jefferies Financial Group reissued a “buy” rating and issued a $300.00 price target on shares of Capital One Financial in a research note on Monday, March 16th. Finally, Barclays cut their price target on Capital One Financial from $294.00 to $287.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $275.95.

Capital One Financial Stock Performance

COF opened at $183.93 on Tuesday. The business’s 50-day simple moving average is $207.39 and its 200 day simple moving average is $218.97. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $259.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $114.39 billion, a PE ratio of 62.14, a PEG ratio of 0.54 and a beta of 1.14.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). The company had revenue of $15.62 billion during the quarter, compared to the consensus estimate of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The firm’s revenue for the quarter was up 53.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.67 earnings per share. As a group, sell-side analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were paid a $0.80 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio (DPR) is currently 108.11%.

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.