BI Asset Management Fondsmaeglerselskab A S Trims Stock Position in Capital One Financial Corporation $COF

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its holdings in Capital One Financial by 49.7%, bringing its total shares to 17,214 valued at approximately $3.09 million.
• Capital One Financial reported $5.48 EPS for the quarter, significantly exceeding analysts' estimates of $1.93, but its revenue of $12.49 billion fell short of the consensus estimate.
• The company announced a quarterly dividend of $0.60 per share, reflecting an annualized dividend of $2.40 and a yield of 1.1%.

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 49.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,214 shares of the financial services provider's stock after selling 16,988 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Capital One Financial were worth $3,086,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Beacon Capital Management LLC grew its position in shares of Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after buying an additional 97 shares during the last quarter. Motco grew its position in shares of Capital One Financial by 115.1% in the 1st quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after buying an additional 137 shares during the last quarter. Bogart Wealth LLC boosted its position in shares of Capital One Financial by 1,518.8% during the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 243 shares in the last quarter. Rossby Financial LCC bought a new stake in shares of Capital One Financial during the first quarter valued at approximately $48,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of Capital One Financial during the first quarter valued at approximately $54,000. 89.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on COF. Rothschild & Co Redburn began coverage on Capital One Financial in a research report on Friday, August 1st. They set a "buy" rating and a $290.00 price target on the stock. Royal Bank Of Canada boosted their price target on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Barclays reiterated an "overweight" rating and set a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Truist Financial upped their price target on Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Citigroup upped their price target on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and an average target price of $238.81.

Capital One Financial Trading Up 1.0%

Shares of NYSE COF traded up $2.14 during midday trading on Tuesday, hitting $223.24. The company's stock had a trading volume of 496,701 shares, compared to its average volume of 4,385,234. The business's 50 day moving average is $213.40 and its two-hundred day moving average is $194.14. The firm has a market cap of $142.77 billion, a P/E ratio of 114.49, a price-to-earnings-growth ratio of 0.86 and a beta of 1.16. Capital One Financial Corporation has a 12-month low of $131.55 and a 12-month high of $232.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The company's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.14 earnings per share. As a group, equities research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is 123.08%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction on 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 sale, the insider directly owned 68,707 shares of the company's stock, valued at $15,655,577.02. The trade was a 12.83% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,298 shares of company stock valued at $4,233,044. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Profile

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.