Handelsbanken Fonder AB Acquires 1,573 Shares of Capital One Financial Co. (NYSE:COF)

Handelsbanken Fonder AB raised its holdings in shares of Capital One Financial Co. (NYSE:COF) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,453 shares of the financial services provider’s stock after purchasing an additional 1,573 shares during the quarter. Handelsbanken Fonder AB’s holdings in Capital One Financial were worth $19,266,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in COF. Norges Bank bought a new stake in shares of Capital One Financial in the fourth quarter valued at about $590,279,000. Lone Pine Capital LLC bought a new stake in shares of Capital One Financial in the fourth quarter valued at about $577,012,000. Egerton Capital UK LLP bought a new stake in shares of Capital One Financial in the fourth quarter valued at about $279,159,000. FMR LLC raised its holdings in shares of Capital One Financial by 21.6% in the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock valued at $1,440,449,000 after acquiring an additional 1,436,935 shares in the last quarter. Finally, Meritage Group LP bought a new stake in shares of Capital One Financial in the fourth quarter valued at about $227,662,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Trading Down 0.4%

Shares of NYSE:COF opened at $200.30 on Thursday. The business’s 50 day moving average price is $182.83 and its 200-day moving average price is $185.36. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $210.67. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $76.74 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.75 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. On average, equities research 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 announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Friday, May 23rd. Capital One Financial’s dividend payout ratio (DPR) is presently 20.15%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on COF shares. Bank of America lifted their price objective on Capital One Financial from $223.00 to $233.00 and gave the company a “buy” rating in a report on Wednesday, May 21st. Robert W. Baird upgraded Capital One Financial from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $190.00 to $200.00 in a report on Tuesday, March 11th. 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 report on Wednesday, March 12th. Wells Fargo & Company boosted their price target on Capital One Financial from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Finally, Royal Bank of Canada set a $190.00 price target on Capital One Financial and gave the stock a “sector perform” rating in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus target price of $210.64.

Insiders Place Their Bets

In related news, Director Ann F. Hackett sold 1,658 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the transaction, the director now directly owns 56,244 shares in the company, valued at $11,175,682.80. This trade represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the transaction, the insider now owns 20,089 shares of the company’s stock, valued at $4,005,746.60. The trade was a 32.24% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

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.