DNB Asset Management AS Buys 37,359 Shares of Capital One Financial Corporation $COF

DNB Asset Management AS increased its position in shares of Capital One Financial Corporation (NYSE:COF) by 30.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 160,104 shares of the financial services provider’s stock after purchasing an additional 37,359 shares during the quarter. DNB Asset Management AS’s holdings in Capital One Financial were worth $34,035,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Roble Belko & Company Inc bought a new stake in shares of Capital One Financial during the 2nd quarter worth approximately $28,000. Howard Hughes Medical Institute bought a new position in Capital One Financial in the second quarter valued at approximately $29,000. Legacy Investment Solutions LLC acquired a new position in Capital One Financial during the second quarter valued at approximately $30,000. Creekmur Asset Management LLC bought a new stake in Capital One Financial during the second quarter worth $32,000. Finally, WFA of San Diego LLC bought a new stake in Capital One Financial during the second quarter worth $32,000. 89.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Lia Dean sold 3,284 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total transaction of $734,565.12. Following the completion of the sale, the insider directly owned 70,162 shares in the company, valued at $15,693,836.16. This represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Celia Karam sold 2,108 shares of Capital One Financial stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $218.25, for a total transaction of $460,071.00. Following the transaction, the insider directly owned 59,269 shares of the company’s stock, valued at $12,935,459.25. This represents a 3.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 76,138 shares of company stock worth $16,160,598. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $195.26 on Friday. The stock has a market cap of $121.44 billion, a price-to-earnings ratio of 65.97, a P/E/G ratio of 0.62 and a beta of 1.14. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $259.64. The company’s fifty day moving average is $227.35 and its 200 day moving average is $222.95.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. During the same period in the prior year, the business posted $2.67 earnings per share. The company’s revenue was up 53.3% on a year-over-year basis. Sell-side analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th will be given a $0.80 dividend. The ex-dividend date is Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. Capital One Financial’s payout ratio is 108.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on COF shares. TD Cowen reiterated a “buy” rating on shares of Capital One Financial in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a report on Friday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of Capital One Financial from $237.00 to $256.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research note on Monday, December 29th. Finally, Morgan Stanley increased their price target on Capital One Financial from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $274.70.

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.