KBC Group NV Trims Stake in Capital One Financial Corporation $COF

KBC Group NV cut its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,014,915 shares of the financial services provider’s stock after selling 34,218 shares during the period. KBC Group NV owned 0.17% of Capital One Financial worth $203,612,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Norges Bank acquired a new stake in Capital One Financial during the 4th quarter worth $2,089,803,000. Viking Global Investors LP grew its position in Capital One Financial by 30.3% during the 3rd quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after purchasing an additional 1,717,148 shares during the last quarter. Bessemer Group Inc. increased its stake in Capital One Financial by 7,143.2% in the fourth quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock valued at $350,966,000 after purchasing an additional 1,428,133 shares during the period. AQR Capital Management LLC raised its holdings in shares of Capital One Financial by 64.9% in the fourth quarter. AQR Capital Management LLC now owns 3,366,692 shares of the financial services provider’s stock valued at $815,951,000 after buying an additional 1,324,845 shares during the last quarter. Finally, Amundi raised its holdings in shares of Capital One Financial by 41.5% in the first quarter. Amundi now owns 3,067,354 shares of the financial services provider’s stock valued at $559,577,000 after buying an additional 899,409 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Trading Up 1.5%

Shares of COF opened at $227.19 on Friday. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $139.37 billion, a P/E ratio of 14.06, a PEG ratio of 0.84 and a beta of 1.02. The firm’s 50-day moving average is $204.93 and its two-hundred day moving average is $198.21.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.79 by $1.02. The firm had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.Capital One Financial’s revenue was up 26.9% on a year-over-year basis. During the same period in the previous year, the firm posted $5.48 earnings per share. On average, research analysts predict that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is 19.80%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,473 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the transaction, the insider owned 27,992 shares of the company’s stock, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the sale, the general counsel owned 90,194 shares of the company’s stock, valued at approximately $18,760,352. This represents a 3.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 22,186 shares of company stock valued at $4,697,301. Company insiders own 0.78% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the subject of several recent research reports. HSBC upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $226.00 to $229.00 in a research note on Sunday, July 12th. Piper Sandler began coverage on Capital One Financial in a research note on Monday, June 29th. They set an “overweight” rating and a $254.00 price objective for the company. Citigroup decreased their price objective on Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. UBS Group lifted their target price on Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Finally, Rothschild & Co Redburn dropped their target price on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Twenty-one investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and an average price target of $259.36.

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.