KLP Kapitalforvaltning AS Cuts Position in Capital One Financial Corporation (NYSE:COF)

KLP Kapitalforvaltning AS lowered its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,023 shares of the financial services provider's stock after selling 2,600 shares during the period. KLP Kapitalforvaltning AS's holdings in Capital One Financial were worth $18,472,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of COF. Beacon Capital Management LLC boosted its holdings in 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 period. Murphy & Mullick Capital Management Corp purchased a new position in Capital One Financial in the 4th quarter valued at approximately $41,000. Bogart Wealth LLC grew its stake in Capital One Financial by 1,518.8% in the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after buying an additional 243 shares in the last quarter. Rossby Financial LCC purchased a new position in Capital One Financial in the 1st quarter valued at approximately $48,000. Finally, Bernard Wealth Management Corp. purchased a new position in Capital One Financial in the 1st quarter valued at approximately $54,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on COF shares. Bank of America lifted their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Barclays restated an "overweight" rating and set a $253.00 price target (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Truist Financial boosted their price target on shares of Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Wells Fargo & Company boosted their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday. Finally, TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and boosted their price target for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $233.07.

Capital One Financial Trading Up 0.6%

Capital One Financial stock traded up $1.28 during mid-day trading on Friday, hitting $212.61. The company's stock had a trading volume of 4,501,689 shares, compared to its average volume of 3,771,397. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 0.97. The stock has a market cap of $81.46 billion, a price-to-earnings ratio of 109.03, a price-to-earnings-growth ratio of 0.86 and a beta of 1.15. The business has a 50 day moving average price of $204.67 and a 200-day moving average price of $191.55. Capital One Financial Corporation has a 12 month low of $128.23 and a 12 month high of $232.45.

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

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Friday, May 23rd. Capital One Financial's payout ratio is currently 123.08%.

Insider Buying and Selling

In related news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were 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 directly owned 68,707 shares of the company's stock, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the transaction, the director directly owned 56,244 shares of the company's stock, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,332 shares of company stock valued at $4,540,285 over the last three months. Corporate 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.