Livforsakringsbolaget Skandia Omsesidigt Acquires 3,886 Shares of Capital One Financial Corporation $COF

Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 132.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,818 shares of the financial services provider’s stock after purchasing an additional 3,886 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Capital One Financial were worth $1,450,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in Capital One Financial during the first quarter valued at approximately $25,000. Saudi Central Bank purchased a new stake in Capital One Financial during the first quarter valued at approximately $27,000. Beacon Capital Management LLC lifted its position in Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 97 shares during the last quarter. Nova Wealth Management Inc. lifted its position in Capital One Financial by 629.6% during the second quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 170 shares during the last quarter. Finally, Family Legacy Financial Solutions LLC purchased a new stake in Capital One Financial during the second quarter valued at approximately $42,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on COF. Wall Street Zen cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Rothschild & Co Redburn began coverage on shares of Capital One Financial in a report on Friday, August 1st. They issued a “buy” rating and a $290.00 price target for the company. TD Cowen raised shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their price target for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Wells Fargo & Company raised their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Finally, Royal Bank Of Canada raised their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.44.

Capital One Financial Trading Down 0.7%

Shares of Capital One Financial stock opened at $228.13 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a fifty day moving average price of $218.68 and a 200 day moving average price of $197.59. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The stock has a market cap of $145.89 billion, a PE ratio of 116.99, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. During the same period last year, the business earned $3.14 EPS. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. Equities research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is 123.08%.

Insider Activity

In related news, CAO Timothy P. Golden sold 207 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the sale, the chief accounting officer owned 8,780 shares in the company, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,298 shares of company stock worth $4,679,844 in the last ninety days. 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.