DnB Asset Management AS Has $12.64 Million Stake in Capital One Financial Co. (NYSE:COF)

DnB Asset Management AS trimmed its position in Capital One Financial Co. (NYSE:COF - Free Report) by 52.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,907 shares of the financial services provider's stock after selling 76,860 shares during the quarter. DnB Asset Management AS's holdings in Capital One Financial were worth $12,644,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in COF. Vanguard Group Inc. grew its stake in shares of Capital One Financial by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider's stock valued at $5,660,736,000 after acquiring an additional 234,863 shares in the last quarter. State Street Corp grew its position in shares of Capital One Financial by 0.5% during the 3rd quarter. State Street Corp now owns 16,506,861 shares of the financial services provider's stock worth $2,471,572,000 after purchasing an additional 74,784 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Capital One Financial by 2.8% during the third quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider's stock worth $1,649,488,000 after purchasing an additional 280,462 shares during the period. Geode Capital Management LLC increased its holdings in shares of Capital One Financial by 2.0% during the third quarter. Geode Capital Management LLC now owns 8,020,160 shares of the financial services provider's stock worth $1,198,664,000 after purchasing an additional 159,616 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Capital One Financial by 8.2% in the fourth quarter. Bank of New York Mellon Corp now owns 4,010,648 shares of the financial services provider's stock valued at $715,179,000 after buying an additional 304,833 shares during the period. Institutional investors own 89.84% of the company's stock.

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Capital One Financial Trading Up 2.3 %

NYSE COF traded up $4.05 during trading hours on Wednesday, reaching $182.27. The company's stock had a trading volume of 2,988,658 shares, compared to its average volume of 3,968,399. The firm has a fifty day simple moving average of $190.16 and a 200-day simple moving average of $178.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $210.67. The stock has a market cap of $69.50 billion, a P/E ratio of 15.73, a P/E/G ratio of 1.19 and a beta of 1.47.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter last year, the firm earned $2.81 earnings per share. The company's revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts forecast that Capital One Financial Co. 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 was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.32%. Capital One Financial's dividend payout ratio (DPR) is presently 20.71%.

Analysts Set New Price Targets

Several brokerages have weighed in on COF. Truist Financial dropped their price objective on Capital One Financial from $257.00 to $215.00 and set a "buy" rating for the company in a report on Friday, March 21st. Hsbc Global Res raised Capital One Financial from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a "neutral" rating in a research note on Monday, December 9th. Evercore ISI upgraded shares of Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 target price for the company in a research report on Wednesday, March 12th. Finally, HSBC raised shares of Capital One Financial from a "reduce" rating to a "hold" rating and set a $176.00 price target for the company in a report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $206.63.

Capital One Financial Company Profile

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.