Danske Bank A S Takes Position in Capital One Financial Corporation $COF

Key Points

• Danske Bank A/S acquired 349,719 Capital One shares in the second quarter, valued at approximately $70.2 million. Institutional investors and hedge funds collectively own 89.84% of the company.
• Analysts maintain a favorable outlook, with 21 Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and an average price target of $259.36.
• Capital One reported quarterly earnings of $5.81 per share, exceeding estimates by $1.02, while revenue rose 26.9% year over year to $15.83 billion. The company also declared a quarterly dividend of $0.80 per share.

Danske Bank A S acquired a new position in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 349,719 shares of the financial services provider's stock, valued at approximately $70,161,000. Danske Bank A S owned 0.06% of Capital One Financial as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the business. First Command Advisory Services Inc. boosted its holdings in Capital One Financial by 4.5% during the fourth quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider's stock valued at $259,000 after purchasing an additional 46 shares in the last quarter. Dogwood Wealth Management LLC grew its stake in shares of Capital One Financial by 26.0% in the 4th quarter. Dogwood Wealth Management LLC now owns 228 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 47 shares during the period. High Note Wealth LLC raised its holdings in shares of Capital One Financial by 44.9% in the 4th quarter. High Note Wealth LLC now owns 155 shares of the financial services provider's stock worth $38,000 after buying an additional 48 shares in the last quarter. Fiducient Advisors LLC raised its holdings in shares of Capital One Financial by 4.2% in the 4th quarter. Fiducient Advisors LLC now owns 1,196 shares of the financial services provider's stock worth $290,000 after buying an additional 48 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. lifted its position in shares of Capital One Financial by 5.0% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 1,057 shares of the financial services provider's stock worth $256,000 after buying an additional 50 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Citigroup lowered their price target on Capital One Financial from $310.00 to $295.00 and set a "buy" rating on the stock in a research report on Tuesday, July 28th. BTIG Research lifted their price objective on Capital One Financial from $224.00 to $259.00 and gave the company a "buy" rating in a report on Tuesday, June 30th. HSBC upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and boosted their target price for the company from $226.00 to $229.00 in a research note on Sunday, July 12th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Capital One Financial from $256.00 to $250.00 and set a "hold" rating on the stock in a report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Twenty-one investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $259.36.

Insiders Place Their Bets

In other Capital One Financial news, CAO Timothy P. Golden sold 3,487 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total value of $735,757.00. Following the transaction, the chief accounting officer directly owned 7,429 shares in the company, valued at approximately $1,567,519. This trade represents a 31.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lia Dean sold 2,193 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $225.52, for a total value of $494,565.36. Following the completion of the transaction, the insider owned 63,261 shares in the company, valued at $14,266,620.72. The trade was a 3.35% decrease in their ownership of the stock. 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. Insiders have sold a total of 26,267 shares of company stock valued at $5,617,648 over the last quarter. Company insiders own 0.78% of the company's stock.

Capital One Financial Stock Down 0.1%

Shares of NYSE:COF opened at $221.23 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm has a market cap of $135.72 billion, a P/E ratio of 13.69, a P/E/G ratio of 0.84 and a beta of 1.02. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The company's 50-day moving average price is $206.52 and its two-hundred day moving average price is $198.10.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping analysts' consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The company had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same period in the previous year, the firm posted $5.48 earnings per share. The company's revenue was up 26.9% on a year-over-year basis. As a group, research analysts forecast that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

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

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.

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