Nordea Investment Management AB Raises Stock Holdings in Capital One Financial Co. (NYSE:COF)

Nordea Investment Management AB increased its stake in shares of Capital One Financial Co. (NYSE:COF) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,441 shares of the financial services provider’s stock after purchasing an additional 1,877 shares during the quarter. Nordea Investment Management AB’s holdings in Capital One Financial were worth $5,436,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in COF. Private Advisor Group LLC lifted its stake in shares of Capital One Financial by 10.0% during the 2nd quarter. Private Advisor Group LLC now owns 7,793 shares of the financial services provider’s stock worth $1,079,000 after purchasing an additional 709 shares during the last quarter. Prudential PLC increased its position in Capital One Financial by 40.8% during the 2nd quarter. Prudential PLC now owns 6,807 shares of the financial services provider’s stock valued at $942,000 after buying an additional 1,974 shares in the last quarter. Qsemble Capital Management LP acquired a new position in Capital One Financial during the 2nd quarter valued at about $557,000. Forsta AP Fonden increased its position in Capital One Financial by 16.3% during the 2nd quarter. Forsta AP Fonden now owns 82,600 shares of the financial services provider’s stock valued at $11,436,000 after buying an additional 11,600 shares in the last quarter. Finally, Y.D. More Investments Ltd acquired a new position in Capital One Financial during the 2nd quarter valued at about $28,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Down 2.8 %

Shares of COF opened at $175.08 on Friday. Capital One Financial Co. has a 52 week low of $123.23 and a 52 week high of $198.30. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $66.75 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 1.36 and a beta of 1.46. The stock’s 50-day moving average price is $182.88 and its 200-day moving average price is $158.57.

Capital One Financial (NYSE:COF) last issued its earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. During the same quarter in the prior year, the business earned $4.45 earnings per share. The company’s revenue was up 6.8% compared to the same quarter last year. On average, sell-side analysts predict that Capital One Financial Co. will post 13.54 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.37%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s payout ratio is currently 22.66%.

Analyst Upgrades and Downgrades

COF has been the topic of several recent analyst reports. Truist Financial initiated coverage on Capital One Financial in a research report on Tuesday. They set a “buy” rating and a $229.00 target price on the stock. Bank of America lowered Capital One Financial from a “buy” rating to a “neutral” rating and reduced their target price for the company from $203.00 to $200.00 in a research report on Monday, December 9th. Robert W. Baird upped their target price on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Citigroup initiated coverage on Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their price objective on Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, December 9th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $182.88.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Kara West sold 721 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the sale, the insider now directly owns 12,929 shares of the company’s stock, valued at approximately $2,388,374.17. This trade represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the sale, the insider now directly owns 44,711 shares in the company, valued at approximately $7,153,760. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,007 shares of company stock valued at $4,982,647. Company insiders own 1.30% of the company’s stock.

About Capital One Financial

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.