Handelsbanken Fonder AB Boosts Stock Holdings in Capital One Financial Co. (NYSE:COF)

Handelsbanken Fonder AB raised its holdings in shares of Capital One Financial Co. (NYSE:COF) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 75,225 shares of the financial services provider’s stock after acquiring an additional 2,767 shares during the period. Handelsbanken Fonder AB’s holdings in Capital One Financial were worth $9,864,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in COF. Comerica Bank boosted its holdings in shares of Capital One Financial by 158.7% during the third quarter. Comerica Bank now owns 87,852 shares of the financial services provider’s stock worth $8,526,000 after purchasing an additional 53,894 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Capital One Financial by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,498,413 shares of the financial services provider’s stock worth $242,471,000 after purchasing an additional 40,585 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Capital One Financial by 15.2% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 76,695 shares of the financial services provider’s stock worth $7,443,000 after purchasing an additional 10,107 shares during the period. Rafferty Asset Management LLC boosted its holdings in shares of Capital One Financial by 4.3% during the third quarter. Rafferty Asset Management LLC now owns 131,964 shares of the financial services provider’s stock worth $12,807,000 after purchasing an additional 5,439 shares during the period. Finally, Mariner LLC raised its stake in Capital One Financial by 3.5% in the third quarter. Mariner LLC now owns 65,596 shares of the financial services provider’s stock worth $6,366,000 after buying an additional 2,228 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on COF. Citigroup increased their price target on shares of Capital One Financial from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $159.00 price target on shares of Capital One Financial in a research note on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft began coverage on shares of Capital One Financial in a research note on Wednesday, January 10th. They issued a “hold” rating and a $153.00 price target for the company. JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $134.00 to $152.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Finally, BMO Capital Markets increased their price target on shares of Capital One Financial from $124.00 to $125.00 and gave the stock a “market perform” rating in a research note on Monday, January 29th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of “Hold” and an average price target of $137.05.

Capital One Financial Trading Up 0.6 %

Shares of COF stock opened at $148.80 on Thursday. Capital One Financial Co. has a 12-month low of $83.93 and a 12-month high of $149.94. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.85. The firm’s 50 day moving average is $140.10 and its 200 day moving average is $125.44. The stock has a market capitalization of $56.60 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.06 and a beta of 1.48.

Capital One Financial (NYSE:COF) last issued its earnings results on Thursday, January 25th. The financial services provider reported $2.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.26). Capital One Financial had a return on equity of 9.24% and a net margin of 9.88%. The company had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.45 billion. Research analysts expect that Capital One Financial Co. will post 13.84 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, February 9th. Capital One Financial’s dividend payout ratio is presently 20.08%.

Capital One Financial 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.