KLP Kapitalforvaltning AS Acquires Shares of 105,623 Capital One Financial Co. (NYSE:COF)

KLP Kapitalforvaltning AS acquired a new position in shares of Capital One Financial Co. (NYSE:COF - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 105,623 shares of the financial services provider's stock, valued at approximately $18,835,000.

Other large investors have also recently added to or reduced their stakes in the company. Norden Group LLC grew its position in shares of Capital One Financial by 2.6% during the fourth quarter. Norden Group LLC now owns 2,010 shares of the financial services provider's stock worth $358,000 after acquiring an additional 51 shares during the last quarter. Catalyst Financial Partners LLC boosted its stake in Capital One Financial by 3.9% during the 4th quarter. Catalyst Financial Partners LLC now owns 1,428 shares of the financial services provider's stock valued at $255,000 after purchasing an additional 54 shares during the period. Gladstone Institutional Advisory LLC grew its position in Capital One Financial by 3.3% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider's stock worth $317,000 after purchasing an additional 56 shares during the last quarter. TFB Advisors LLC increased its stake in shares of Capital One Financial by 4.1% in the fourth quarter. TFB Advisors LLC now owns 1,488 shares of the financial services provider's stock valued at $265,000 after purchasing an additional 59 shares during the period. Finally, Money Concepts Capital Corp raised its holdings in shares of Capital One Financial by 4.1% during the fourth quarter. Money Concepts Capital Corp now owns 1,565 shares of the financial services provider's stock valued at $279,000 after buying an additional 61 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on COF shares. Bank of America raised Capital One Financial from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $207.00 to $235.00 in a report on Wednesday, February 19th. JPMorgan Chase & Co. raised their price target on Capital One Financial from $162.00 to $186.00 and gave the company a "neutral" rating in a report on Monday, December 9th. Royal Bank of Canada upped their price objective on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 22nd. 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, Argus upgraded shares of Capital One Financial to a "strong-buy" rating in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.63.

Capital One Financial Trading Up 0.9 %

Shares of COF traded up $1.68 during midday trading on Tuesday, hitting $182.54. The stock had a trading volume of 3,461,388 shares, compared to its average volume of 2,733,562. The business has a 50-day simple moving average of $191.52 and a two-hundred day simple moving average of $176.81. The firm has a market cap of $69.61 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $10.22 billion. During the same quarter last year, the business posted $2.81 EPS. The company's revenue was up 7.2% on a year-over-year basis. As a group, equities analysts forecast that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.31%. The ex-dividend date was Tuesday, February 18th. Capital One Financial's payout ratio is 20.71%.

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.