Capital One Financial Corporation $COF Shares Acquired by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS increased its stake in Capital One Financial by 202.6%, now holding 311,762 shares valued at approximately $66.33 million as of the latest SEC filing.
• Analysts have a consensus rating of "Moderate Buy" for Capital One Financial, with target prices ranging from $249.44 to $270.00 across various firms.
• Capital One Financial reported a second quarter EPS of $5.48, exceeding forecasts significantly, though revenue of $12.49 billion was slightly below estimates.

KLP Kapitalforvaltning AS increased its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 202.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 311,762 shares of the financial services provider's stock after purchasing an additional 208,739 shares during the period. KLP Kapitalforvaltning AS owned 0.08% of Capital One Financial worth $66,330,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. WPG Advisers LLC purchased a new position in Capital One Financial in the first quarter worth $25,000. Moisand Fitzgerald Tamayo LLC raised its position in shares of Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock worth $26,000 after purchasing an additional 62 shares during the last quarter. Olistico Wealth LLC lifted its position in shares of Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 101 shares in the last quarter. Saudi Central Bank purchased a new position in Capital One Financial in the 1st quarter valued at about $27,000. Finally, RMG Wealth Management LLC acquired a new stake in Capital One Financial during the second quarter worth approximately $27,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

COF has been the topic of several recent analyst reports. Truist Financial increased their target price on Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. The Goldman Sachs Group cut their price target on shares of Capital One Financial from $276.00 to $266.00 and set a "buy" rating on the stock in a research note on Friday. TD Cowen upped their price objective on Capital One Financial from $258.00 to $261.00 and gave the stock a "buy" rating in a report on Monday. Morgan Stanley lifted their target price on Capital One Financial from $261.00 to $267.00 and gave the company an "overweight" rating in a report on Monday, September 29th. Finally, Keefe, Bruyette & Woods raised their price objective on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $249.44.

Capital One Financial Stock Down 0.3%

Shares of NYSE:COF opened at $213.78 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a 50 day moving average of $219.29 and a two-hundred day moving average of $201.62. The company has a market capitalization of $136.72 billion, a price-to-earnings ratio of 109.63, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. The company's revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.14 earnings per share. As a group, analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's dividend payout ratio is presently 123.08%.

Insiders Place Their Bets

In related news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the transaction, the insider owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael Zamsky sold 5,515 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock valued at $5,103,824 over the last ninety days. Insiders own 1.26% of the company's stock.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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