Deutsche Bank AG Lowers Stock Holdings in Capital One Financial Corporation $COF

Deutsche Bank AG reduced its holdings in Capital One Financial Corporation (NYSE:COF) by 6.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,211,506 shares of the financial services provider’s stock after selling 152,780 shares during the quarter. Deutsche Bank AG’s holdings in Capital One Financial were worth $443,672,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. HighTower Advisors LLC increased its position in Capital One Financial by 18.1% during the fourth quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock worth $85,739,000 after purchasing an additional 54,263 shares during the last quarter. Swiss Life Asset Management Ltd boosted its holdings in shares of Capital One Financial by 11.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 115,843 shares of the financial services provider’s stock valued at $28,076,000 after purchasing an additional 11,651 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Capital One Financial by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock valued at $13,789,615,000 after buying an additional 360,071 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Capital One Financial by 2.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 223,977 shares of the financial services provider’s stock valued at $54,283,000 after buying an additional 6,225 shares during the period. Finally, Truist Financial Corp increased its holdings in shares of Capital One Financial by 2.5% during the 4th quarter. Truist Financial Corp now owns 640,050 shares of the financial services provider’s stock worth $155,122,000 after buying an additional 15,644 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. TD Cowen dropped their price target on Capital One Financial from $260.00 to $253.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. BTIG Research raised their price objective on Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Rothschild & Co Redburn reduced their price objective on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, Bank of America decreased their target price on Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Twenty-one analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $259.36.

Capital One Financial Stock Down 2.5%

Shares of Capital One Financial stock opened at $221.77 on Tuesday. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The stock has a market cap of $136.05 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02. 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 company has a fifty day moving average price of $205.76 and a 200 day moving average price of $198.08.

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

Capital One Financial Dividend Announcement

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

Insider Buying and Selling

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the 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 sale, the general counsel owned 90,194 shares of the company’s stock, valued at $18,760,352. This trade represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the completion of the sale, the insider directly owned 26,328 shares of the company’s stock, valued at $5,523,087.84. This trade represents a 26.98% 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. In the last 90 days, insiders have sold 22,186 shares of company stock valued at $4,697,301. Corporate insiders own 0.78% of the company’s stock.

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.