PensionDanmark Pensionsforsikringsaktieselskab Increases Stock Position in Capital One Financial Corporation $COF

PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 25.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 119,297 shares of the financial services provider’s stock after purchasing an additional 24,293 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Capital One Financial were worth $23,933,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Apella Capital LLC boosted its position in Capital One Financial by 5.6% during the 2nd quarter. Apella Capital LLC now owns 1,976 shares of the financial services provider’s stock valued at $401,000 after acquiring an additional 105 shares in the last quarter. 55 North Private Wealth LLC raised its position in shares of Capital One Financial by 33.8% in the 2nd quarter. 55 North Private Wealth LLC now owns 1,984 shares of the financial services provider’s stock worth $398,000 after acquiring an additional 501 shares in the last quarter. Foster Group Inc. lifted its stake in shares of Capital One Financial by 11.1% during the 2nd quarter. Foster Group Inc. now owns 1,937 shares of the financial services provider’s stock worth $389,000 after purchasing an additional 193 shares during the last quarter. Mechanics Bank Trust Department purchased a new stake in shares of Capital One Financial during the 2nd quarter worth $219,000. Finally, Integral Investment Advisors Inc. boosted its position in Capital One Financial by 4.3% during the second quarter. Integral Investment Advisors Inc. now owns 6,974 shares of the financial services provider’s stock valued at $1,399,000 after purchasing an additional 290 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

Shares of NYSE COF opened at $219.81 on Friday. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The company has a market cap of $134.85 billion, a PE ratio of 13.60, a P/E/G ratio of 0.82 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. The business has a 50-day simple moving average of $200.33 and a two-hundred day simple moving average of $198.36.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. The firm had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. Capital One Financial’s revenue was up 26.9% on a year-over-year basis. During the same period last year, the firm posted $5.48 EPS. As a group, equities analysts expect that Capital One Financial Corporation will post 20.19 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 1.5%. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.

Insiders Place Their Bets

In other news, CAO Timothy P. Golden sold 3,487 shares of Capital One Financial stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction of $735,757.00. Following the completion of the sale, the chief accounting officer directly owned 7,429 shares in the company, valued at approximately $1,567,519. The trade was a 31.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ravi Raghu sold 9,726 shares of the company’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the transaction, the insider directly owned 26,328 shares in the company, valued at approximately $5,523,087.84. The trade was a 26.98% 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. Over the last quarter, insiders sold 20,213 shares of company stock valued at $4,147,832. Insiders own 0.78% of the company’s stock.

Wall Street Analysts Forecast Growth

COF has been the topic of several analyst reports. Piper Sandler assumed coverage on Capital One Financial in a research note on Monday, June 29th. They issued an “overweight” rating and a $254.00 target price on the stock. Wall Street Zen cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. TD Cowen cut their price objective on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Barclays reduced their price objective on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Finally, Royal Bank Of Canada decreased their target price on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a research report on Friday, April 10th. Twenty research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.36.

Capital One Financial Company 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.