PensionDanmark Pensionsforsikringsaktieselskab Grows Stock Holdings in Capital One Financial Corporation $COF

PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in Capital One Financial Corporation (NYSE:COF) by 25.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 119,297 shares of the financial services provider’s stock after acquiring an additional 24,293 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Capital One Financial were worth $23,933,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Evolution Wealth Management Inc. boosted its stake in shares of Capital One Financial by 529.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 90 shares during the last quarter. VSM Wealth Advisory LLC purchased a new position in Capital One Financial during the fourth quarter valued at approximately $27,000. Cherry Tree Wealth Management LLC raised its position in Capital One Financial by 1,312.5% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 105 shares in the last quarter. Ballast Advisors LLC acquired a new position in Capital One Financial in the first quarter valued at approximately $27,000. Finally, Strive Asset Management LLC purchased a new stake in Capital One Financial in the 3rd quarter worth approximately $28,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In other Capital One Financial news, CAO Timothy P. Golden sold 3,487 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total transaction of $735,757.00. Following the completion of the sale, the chief accounting officer directly owned 7,429 shares in the company, valued at approximately $1,567,519. The trade was a 31.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the transaction, the general counsel owned 90,194 shares in the company, valued at approximately $18,760,352. This trade represents a 3.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 20,213 shares of company stock worth $4,147,832. Company insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

COF has been the topic of a number of analyst reports. Piper Sandler started coverage on shares of Capital One Financial in a research note on Monday, June 29th. They set an “overweight” rating and a $254.00 price objective on the stock. Citigroup decreased their target price on shares of Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft lowered their price target 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. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Finally, Truist Financial decreased their price objective on shares of Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Twenty investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $259.36.

Capital One Financial Stock Down 0.8%

Capital One Financial stock opened at $219.81 on Friday. The stock has a market capitalization of $134.85 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 0.82 and a beta of 1.02. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The business has a 50 day simple moving average of $200.33 and a 200-day simple moving average of $198.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02.

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

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s dividend payout ratio is currently 19.80%.

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.