Swedbank AB Makes New $8.95 Million Investment in Capital One Financial Co. (NYSE:COF)

Swedbank AB bought a new position in shares of Capital One Financial Co. (NYSE:COF) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 60,110 shares of the financial services provider’s stock, valued at approximately $8,950,000.

A number of other institutional investors and hedge funds also recently modified their holdings of COF. Vanguard Group Inc. increased its holdings in shares of Capital One Financial by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 30,893,408 shares of the financial services provider’s stock worth $4,599,720,000 after acquiring an additional 226,720 shares during the period. Capital Research Global Investors increased its holdings in shares of Capital One Financial by 72.8% in the 1st quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock worth $3,145,761,000 after acquiring an additional 8,900,241 shares during the period. Capital World Investors increased its holdings in shares of Capital One Financial by 2.1% in the 4th quarter. Capital World Investors now owns 14,991,564 shares of the financial services provider’s stock worth $1,965,761,000 after acquiring an additional 311,696 shares during the period. Pzena Investment Management LLC increased its holdings in shares of Capital One Financial by 1.6% in the 4th quarter. Pzena Investment Management LLC now owns 7,751,043 shares of the financial services provider’s stock worth $1,016,317,000 after acquiring an additional 124,055 shares during the period. Finally, Clearbridge Investments LLC increased its holdings in shares of Capital One Financial by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock worth $517,184,000 after acquiring an additional 549,665 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on COF shares. Bank of America increased their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $150.00 target price on shares of Capital One Financial in a research note on Thursday, July 25th. Evercore ISI lowered their target price on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 8th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $145.89.

Capital One Financial Trading Down 5.4 %

Shares of COF traded down $7.77 during midday trading on Friday, hitting $136.12. The stock had a trading volume of 3,542,499 shares, compared to its average volume of 2,715,373. Capital One Financial Co. has a fifty-two week low of $88.23 and a fifty-two week high of $153.35. The business has a 50-day simple moving average of $140.09 and a two-hundred day simple moving average of $139.37. The firm has a market cap of $51.75 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 1.13 and a beta of 1.45. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The firm had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the business earned $3.52 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts forecast that Capital One Financial Co. will post 13.17 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Monday, August 12th. Capital One Financial’s dividend payout ratio (DPR) is 18.79%.

Insider Transactions at Capital One Financial

In other news, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the sale, the insider now directly owns 73,734 shares of the company’s stock, valued at $11,060,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Celia Karam sold 16,913 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 47,081 shares of the company’s stock, valued at $6,726,933.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the transaction, the insider now directly owns 73,734 shares in the company, valued at approximately $11,060,100. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

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.