Lansforsakringar Fondforvaltning AB publ Boosts Position in Capital One Financial Corporation $COF

Lansforsakringar Fondforvaltning AB publ raised its position in Capital One Financial Corporation (NYSE:COF) by 2.1% during the third quarter, Holdings Channel reports. The fund owned 417,028 shares of the financial services provider’s stock after acquiring an additional 8,491 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Capital One Financial were worth $88,652,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Capital One Financial by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 56,537,167 shares of the financial services provider’s stock worth $12,018,671,000 after purchasing an additional 156,254 shares during the period. State Street Corp increased its holdings in Capital One Financial by 63.4% during the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after buying an additional 10,776,843 shares during the last quarter. Geode Capital Management LLC raised its position in Capital One Financial by 64.1% in the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after acquiring an additional 5,474,328 shares during the period. Norges Bank purchased a new position in shares of Capital One Financial during the 2nd quarter worth $1,701,511,000. Finally, Bank of New York Mellon Corp grew its position in shares of Capital One Financial by 41.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock valued at $1,491,676,000 after acquiring an additional 2,050,010 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on COF. Wells Fargo & Company raised their target price on Capital One Financial from $265.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. JPMorgan Chase & Co. upped their price target on Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Morgan Stanley raised their price objective on Capital One Financial from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Evercore cut their price objective on Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a research note on Tuesday, January 27th. Finally, Wolfe Research decreased their target price on shares of Capital One Financial from $294.00 to $280.00 and set an “outperform” rating on the stock in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus target price of $274.70.

Capital One Financial Stock Performance

NYSE:COF opened at $208.36 on Friday. The stock has a 50-day moving average price of $231.58 and a 200 day moving average price of $223.39. The stock has a market capitalization of $132.46 billion, a P/E ratio of 70.39, a P/E/G ratio of 0.61 and a beta of 1.14. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $259.64. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.During the same period in the prior year, the company earned $2.67 earnings per share. The company’s quarterly revenue was up 53.3% compared to the same quarter last year. Equities research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 19th will be given a dividend of $0.80 per share. The ex-dividend date is Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio is currently 108.11%.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Ravi Raghu sold 13,450 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the completion of the transaction, the insider owned 30,337 shares of the company’s stock, valued at $7,584,250. This represents a 30.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Celia Karam sold 2,936 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $218.15, for a total value of $640,488.40. Following the transaction, the insider owned 63,433 shares of the company’s stock, valued at approximately $13,837,908.95. The trade was a 4.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 34,274 shares of company stock valued at $8,131,054. Insiders own 1.26% of the company’s stock.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.