BI Asset Management Fondsmaeglerselskab A S Trims Stock Position in Capital One Financial Corporation $COF

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in Capital One Financial Corporation (NYSE:COF) by 11.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,359 shares of the financial services provider’s stock after selling 6,498 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Capital One Financial were worth $11,130,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of Capital One Financial by 66.7% during the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 50 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Capital One Financial in the 2nd quarter worth $28,000. Solstein Capital LLC bought a new position in Capital One Financial in the 2nd quarter worth $28,000. Roble Belko & Company Inc purchased a new position in Capital One Financial during the second quarter valued at $28,000. Finally, Howard Hughes Medical Institute bought a new stake in Capital One Financial during the second quarter valued at about $29,000. 89.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on COF shares. Citigroup raised their price objective on Capital One Financial from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, December 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a research note on Monday, December 29th. Robert W. Baird raised their target price on shares of Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group lifted their price target on shares of Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $275.00 price target on shares of Capital One Financial in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average price target of $274.70.

Insiders Place Their Bets

In related news, insider Frank G. LapradeIii sold 17,840 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $222.03, for a total value of $3,961,015.20. Following the sale, the insider directly owned 48,315 shares in the company, valued at approximately $10,727,379.45. The trade was a 26.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lia Dean sold 3,284 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total value of $734,565.12. Following the transaction, the insider directly owned 70,162 shares of the company’s stock, valued at approximately $15,693,836.16. The trade was a 4.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 52,114 shares of company stock worth $12,092,070. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Stock Down 3.9%

NYSE COF opened at $216.78 on Friday. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $259.64. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. The stock has a market cap of $137.81 billion, a PE ratio of 73.24, a P/E/G ratio of 0.66 and a beta of 1.14. The stock’s 50 day moving average is $235.44 and its 200 day moving average is $223.45.

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

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, February 19th. Capital One Financial’s payout ratio is currently 108.11%.

Capital One Financial 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.