Forsta AP Fonden Purchases 56,194 Shares of Capital One Financial Corporation $COF

Forsta AP Fonden raised its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 77.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 128,394 shares of the financial services provider’s stock after acquiring an additional 56,194 shares during the period. Forsta AP Fonden’s holdings in Capital One Financial were worth $27,317,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. WPG Advisers LLC purchased a new position in Capital One Financial in the 1st quarter worth $25,000. Moisand Fitzgerald Tamayo LLC grew its stake in shares of Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after buying an additional 62 shares during the last quarter. Olistico Wealth LLC increased its holdings in shares of Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after buying an additional 101 shares during the period. Saudi Central Bank bought a new stake in shares of Capital One Financial in the 1st quarter valued at about $27,000. Finally, RMG Wealth Management LLC purchased a new stake in Capital One Financial during the 2nd quarter valued at about $27,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

COF stock opened at $220.66 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The firm has a 50-day moving average of $219.08 and a 200 day moving average of $210.45. The company has a market cap of $140.28 billion, a P/E ratio of 93.11, a PEG ratio of 0.70 and a beta of 1.19.

Capital One Financial (NYSE:COF) last posted its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The firm had revenue of $15.46 billion for the quarter. On average, sell-side 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 issued a dividend of $0.80 per share. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is presently 135.02%.

Analysts Set New Price Targets

A number of equities analysts have commented on COF shares. Royal Bank Of Canada lifted their price target on Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 23rd. Rothschild & Co Redburn initiated coverage on shares of Capital One Financial in a research note on Friday, August 1st. They issued a “buy” rating and a $290.00 target price on the stock. Keefe, Bruyette & Woods increased their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Capital One Financial from $224.00 to $240.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Four research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $261.63.

Insider Buying and Selling at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $219.41, for a total value of $438,820.00. Following the completion of the transaction, the general counsel directly owned 96,486 shares in the company, valued at $21,169,993.26. This trade represents a 2.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard D. Fairbank sold 103,487 shares of Capital One Financial stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the transaction, the chief executive officer directly owned 4,001,228 shares of the company’s stock, valued at approximately $882,990,995.04. This trade represents a 2.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 256,380 shares of company stock valued at $57,129,478 over the last 90 days. 1.26% of the stock is owned by corporate 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.