BI Asset Management Fondsmaeglerselskab A S Trims Stake in Capital One Financial Corporation $COF

BI Asset Management Fondsmaeglerselskab A S lessened its position in Capital One Financial Corporation (NYSE:COF) by 11.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,359 shares of the financial services provider’s stock after selling 6,498 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Capital One Financial were worth $11,130,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. Auxano Advisors LLC lifted its position in Capital One Financial by 4.5% during the third quarter. Auxano Advisors LLC now owns 3,716 shares of the financial services provider’s stock valued at $790,000 after buying an additional 159 shares during the period. Savant Capital LLC grew its position in shares of Capital One Financial by 6.7% in the 3rd quarter. Savant Capital LLC now owns 48,211 shares of the financial services provider’s stock worth $10,249,000 after buying an additional 3,044 shares during the period. Bank of Marin increased its stake in shares of Capital One Financial by 8.6% in the 3rd quarter. Bank of Marin now owns 1,266 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 100 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Capital One Financial by 2.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,628,215 shares of the financial services provider’s stock valued at $346,126,000 after acquiring an additional 43,023 shares during the period. Finally, Ashton Thomas Private Wealth LLC boosted its stake in Capital One Financial by 234.5% during the third quarter. Ashton Thomas Private Wealth LLC now owns 6,847 shares of the financial services provider’s stock worth $1,456,000 after acquiring an additional 4,800 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Lia Dean sold 3,284 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total transaction of $734,565.12. Following the transaction, the insider directly owned 70,162 shares of the company’s stock, valued at $15,693,836.16. This represents a 4.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ravi Raghu sold 13,450 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $250.00, for a total value of $3,362,500.00. Following the completion of the transaction, the insider owned 30,337 shares in the company, valued at approximately $7,584,250. This trade represents a 30.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 52,114 shares of company stock valued at $12,092,070 over the last three months. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Stock Down 3.9%

COF stock opened at $216.78 on Friday. The stock has a market capitalization of $137.81 billion, a P/E ratio of 73.24, a P/E/G ratio of 0.66 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $259.64. The business has a fifty day moving average price of $235.44 and a 200-day moving average price of $223.45.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The business had revenue of $15.62 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same period last year, the business earned $2.67 earnings per share. The company’s quarterly revenue was up 53.3% on a year-over-year basis. Equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th will be paid a $0.80 dividend. The ex-dividend date is Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial’s payout ratio is currently 108.11%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Jefferies Financial Group raised their target price on shares of Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a research report on Monday, December 29th. Zacks Research downgraded Capital One Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. JPMorgan Chase & Co. increased their target price on Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus target price of $274.70.

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.