Forsta AP Fonden Increases Stock Position in Capital One Financial Co. (NYSE:COF)

Forsta AP Fonden grew its position in Capital One Financial Co. (NYSE:COF) by 11.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,000 shares of the financial services provider’s stock after purchasing an additional 7,400 shares during the period. Forsta AP Fonden’s holdings in Capital One Financial were worth $10,571,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in COF. Silicon Valley Capital Partners bought a new position in Capital One Financial during the first quarter worth about $25,000. Householder Group Estate & Retirement Specialist LLC boosted its position in Capital One Financial by 1,658.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 211 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 199 shares during the period. Rise Advisors LLC bought a new position in Capital One Financial during the first quarter worth about $33,000. Bartlett & Co. LLC boosted its position in Capital One Financial by 726.7% during the fourth quarter. Bartlett & Co. LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 218 shares during the period. Finally, Bartlett & CO. Wealth Management LLC boosted its position in Capital One Financial by 726.7% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 218 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 0.9 %

Shares of NYSE COF opened at $139.60 on Monday. The firm has a fifty day simple moving average of $138.38 and a two-hundred day simple moving average of $137.76. The firm has a market capitalization of $53.08 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 1.09 and a beta of 1.46. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.86. Capital One Financial Co. has a 12 month low of $88.23 and a 12 month high of $149.94.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, April 25th. The financial services provider reported $3.21 earnings per share for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04). The business had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $9.35 billion. Capital One Financial had a return on equity of 9.74% and a net margin of 10.19%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.31 earnings per share. Equities analysts expect that Capital One Financial Co. will post 13.4 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, May 10th. Capital One Financial’s dividend payout ratio is presently 18.79%.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 8th. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. Evercore ISI reduced their price objective on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research note on Tuesday, June 25th. BTIG Research assumed coverage on shares of Capital One Financial in a research note on Friday, June 7th. They set a “neutral” rating for the company. Finally, Wolfe Research raised shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price objective for the company in a research note on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Capital One Financial has an average rating of “Hold” and a consensus target price of $141.35.

Insider Transactions at Capital One Financial

In other news, insider Celia Karam sold 16,913 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total value of $2,416,529.44. Following the sale, the insider now directly owns 47,081 shares of the company’s stock, valued at approximately $6,726,933.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Celia Karam sold 16,913 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the sale, the insider now directly owns 47,081 shares of the company’s stock, valued at approximately $6,726,933.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy P. Golden sold 8,656 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the sale, the insider now directly owns 10,246 shares in the company, valued at $1,475,833.84. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Capital One Financial Company 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.