Capital One Financial Corporation $COF Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its stake in Capital One Financial Corporation (NYSE:COF) by 6.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,211,506 shares of the financial services provider’s stock after selling 152,780 shares during the period. Deutsche Bank AG owned approximately 0.36% of Capital One Financial worth $443,672,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Capital One Financial in the 4th quarter worth approximately $2,089,803,000. Viking Global Investors LP increased its stake in Capital One Financial by 30.3% in the 3rd quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock valued at $1,570,649,000 after purchasing an additional 1,717,148 shares in the last quarter. Bessemer Group Inc. raised its holdings in Capital One Financial by 7,143.2% during the fourth quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock worth $350,966,000 after purchasing an additional 1,428,133 shares during the last quarter. AQR Capital Management LLC raised its holdings in Capital One Financial by 64.9% during the fourth quarter. AQR Capital Management LLC now owns 3,366,692 shares of the financial services provider’s stock worth $815,951,000 after purchasing an additional 1,324,845 shares during the last quarter. Finally, Amundi boosted its position in Capital One Financial by 41.5% during the first quarter. Amundi now owns 3,067,354 shares of the financial services provider’s stock worth $559,577,000 after purchasing an additional 899,409 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Price Performance

COF stock opened at $221.77 on Tuesday. The stock’s 50 day moving average price is $205.76 and its 200 day moving average price is $198.08. The firm has a market cap of $136.05 billion, a P/E ratio of 13.72, a PEG ratio of 0.84 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same quarter last year, the business posted $5.48 earnings per share. Capital One Financial’s revenue was up 26.9% compared to the same quarter last year. On average, sell-side analysts expect that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed 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. 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 presently 19.80%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Rothschild & Co Redburn lowered their target price on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Truist Financial cut their price target on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Citigroup decreased their price objective on shares of 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. UBS Group increased their price objective on shares of Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings upgraded shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $259.36.

Insider Buying and Selling

In other Capital One Financial news, insider Michael Zamsky sold 5,473 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the transaction, the insider directly owned 27,992 shares in the company, valued at approximately $6,102,815.84. This represents a 16.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Timothy P. Golden sold 3,487 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total transaction of $735,757.00. Following the sale, the chief accounting officer directly owned 7,429 shares in the company, valued at $1,567,519. This represents a 31.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 22,186 shares of company stock worth $4,697,301. 0.78% of the stock is owned by company insiders.

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.