Danske Bank A S Invests $70.16 Million in Capital One Financial Corporation $COF

Danske Bank A S purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 349,719 shares of the financial services provider’s stock, valued at approximately $70,161,000.

Several other large investors have also bought and sold shares of the business. Evolution Wealth Management Inc. grew its holdings in Capital One Financial by 529.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 90 shares during the period. VSM Wealth Advisory LLC bought a new stake in shares of Capital One Financial during the 4th quarter valued at $27,000. Cherry Tree Wealth Management LLC lifted its stake in shares of Capital One Financial by 1,312.5% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 105 shares during the period. Osterweis Capital Management Inc. acquired a new position in shares of Capital One Financial in the 4th quarter valued at $29,000. Finally, CrossGen Wealth LLC bought a new position in shares of Capital One Financial in the 4th quarter worth $30,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Capital One Financial

In other news, insider Lia Dean sold 2,193 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $494,565.36. Following the completion of the transaction, the insider owned 63,261 shares in the company, valued at $14,266,620.72. This trade represents a 3.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total value of $735,757.00. Following the transaction, the chief accounting officer directly owned 7,429 shares of the company’s stock, valued at $1,567,519. This trade represents a 31.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 26,267 shares of company stock worth $5,617,648. Corporate insiders own 0.78% of the company’s stock.

Capital One Financial Trading Down 0.1%

NYSE:COF opened at $221.23 on Wednesday. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average price of $206.52 and a two-hundred day moving average price of $198.10. The company has a market cap of $135.72 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. During the same quarter in the previous year, the firm posted $5.48 earnings per share. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. As a group, analysts expect that Capital One Financial Corporation will post 20.29 EPS 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 is Monday, August 17th. Capital One Financial’s dividend payout ratio is currently 19.80%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on COF. Piper Sandler assumed 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. Argus reduced their target price on Capital One Financial from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. BTIG Research upped their price target on Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Finally, Truist Financial lowered their price target on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Twenty-one research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus 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.