Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 228,760 shares of the financial services provider’s stock, valued at approximately $45,894,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. Norges Bank acquired a new position in shares of Capital One Financial in the fourth quarter worth about $2,089,803,000. Viking Global Investors LP boosted its stake in shares of Capital One Financial by 30.3% during the 3rd quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after acquiring an additional 1,717,148 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Capital One Financial by 7,143.2% during the 4th quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock valued at $350,966,000 after acquiring an additional 1,428,133 shares during the period. AQR Capital Management LLC grew its position in shares of Capital One Financial by 64.9% during the 4th quarter. AQR Capital Management LLC now owns 3,366,692 shares of the financial services provider’s stock valued at $815,951,000 after acquiring an additional 1,324,845 shares during the period. Finally, Amundi increased its stake in shares of Capital One Financial by 41.5% in the 1st quarter. Amundi now owns 3,067,354 shares of the financial services provider’s stock valued at $559,577,000 after purchasing an additional 899,409 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.
Insider Activity
In other Capital One Financial news, insider Lia Dean sold 2,193 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 63,261 shares of the company’s stock, valued at $14,266,620.72. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the completion of the transaction, the insider directly owned 26,328 shares in the company, valued at $5,523,087.84. This trade represents a 26.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 26,267 shares of company stock valued at $5,617,648 in the last ninety days. 0.78% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on Capital One Financial
Capital One Financial Trading Down 0.1%
Shares of COF stock opened at $221.23 on Wednesday. The stock’s fifty day moving average is $206.52 and its two-hundred day moving average is $198.10. 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 firm has a market capitalization of $135.72 billion, a P/E ratio of 13.69, a PEG ratio of 0.84 and a beta of 1.02. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64.
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 (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter in the previous year, the company posted $5.48 EPS. The firm’s quarterly revenue was up 26.9% on a year-over-year basis. Research analysts expect that Capital One Financial Corporation will post 20.29 earnings per share for the current fiscal year.
Capital One Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 17th. 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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