Andra AP fonden Increases Position in Capital One Financial Corporation $COF

Andra AP fonden lifted its position in shares of Capital One Financial Corporation (NYSE:COF) by 146.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 221,131 shares of the financial services provider’s stock after buying an additional 131,431 shares during the quarter. Capital One Financial makes up 0.7% of Andra AP fonden’s holdings, making the stock its 25th largest holding. Andra AP fonden owned 0.06% of Capital One Financial worth $47,048,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC boosted its stake in shares of Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 62 shares during the period. Olistico Wealth LLC lifted its holdings in Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 101 shares in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its stake in Capital One Financial by 66.7% in the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 50 shares during the period. RMG Wealth Management LLC purchased a new stake in Capital One Financial during the 2nd quarter valued at approximately $27,000. Finally, Solstein Capital LLC bought a new stake in shares of Capital One Financial during the second quarter valued at approximately $28,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Capital One Financial stock opened at $221.45 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $141.62 billion, a P/E ratio of 93.44, a price-to-earnings-growth ratio of 0.70 and a beta of 1.19. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The company’s 50-day moving average is $219.68 and its 200 day moving average is $209.01.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $1.70. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The firm had revenue of $15.36 billion for the quarter, compared to analysts’ expectations of $15.06 billion. During the same quarter in the prior year, the firm posted $4.51 earnings per share. The company’s quarterly revenue was up 53.4% on a year-over-year basis. Research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, November 17th. Capital One Financial’s dividend payout ratio is 101.27%.

Analyst Ratings Changes

A number of research firms recently issued reports on COF. HSBC upped their price target on shares of Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Capital One Financial in a research report on Wednesday, October 8th. Barclays increased their price target on shares of Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Rothschild & Co Redburn assumed coverage on Capital One Financial in a research note on Friday, August 1st. They set a “buy” rating and a $290.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their price objective on Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.

Insider Activity

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the completion of the sale, the general counsel owned 98,486 shares in the company, valued at $20,878,047.14. This trade represents a 1.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard D. Fairbank sold 103,486 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $225.68, for a total transaction of $23,354,720.48. Following the completion of the sale, the chief executive officer directly owned 4,051,228 shares of the company’s stock, valued at approximately $914,281,135.04. This trade represents a 2.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 111,155 shares of company stock valued at $24,998,080. 1.26% of the stock is currently owned by company insiders.

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.