Danica Pension Livsforsikringsaktieselskab Makes New $45.89 Million Investment in Capital One Financial Corporation $COF

Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 228,760 shares of the financial services provider’s stock, valued at approximately $45,894,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. HighTower Advisors LLC raised its position in Capital One Financial by 18.1% in the fourth quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock valued at $85,739,000 after purchasing an additional 54,263 shares during the period. Swiss Life Asset Management Ltd raised its holdings in 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 buying an additional 11,651 shares during the period. Vanguard Group Inc. raised its holdings in Capital One Financial by 0.6% in 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. lifted its position in Capital One Financial by 2.9% in the fourth 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 last quarter. Finally, Truist Financial Corp lifted its position in Capital One Financial by 2.5% in the fourth quarter. Truist Financial Corp now owns 640,050 shares of the financial services provider’s stock valued at $155,122,000 after buying an additional 15,644 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity

In other Capital One Financial news, CAO Timothy P. Golden sold 3,487 shares of the firm’s 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 completion of the transaction, the chief accounting officer owned 7,429 shares of the company’s stock, valued at $1,567,519. This trade represents a 31.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Celia Karam sold 1,888 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $425,781.76. Following the completion of the transaction, the insider owned 59,708 shares of the company’s stock, valued at approximately $13,465,348.16. This trade represents a 3.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 26,267 shares of company stock worth $5,617,648 over the last 90 days. Company insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on COF. UBS Group increased their target price on shares of Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Bank of America reduced their price target on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. HSBC upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $226.00 to $229.00 in a report on Sunday, July 12th. Rothschild & Co Redburn dropped their target price on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lifted their target price 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. Twenty-one equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $259.36.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $221.23 on Wednesday. The stock has a market capitalization of $135.72 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50-day moving average of $206.52 and a 200 day moving average of $198.10. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 13.37% and a return on equity of 11.28%. The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.48 earnings per share. As a group, sell-side analysts forecast that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Dividend Announcement

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