Swedbank AB increased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 3.9% in the fourth quarter, HoldingsChannel reports. The firm owned 286,451 shares of the financial services provider’s stock after buying an additional 10,665 shares during the quarter. Swedbank AB’s holdings in Capital One Financial were worth $69,424,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Capital One Financial by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock worth $13,789,615,000 after purchasing an additional 360,071 shares in the last quarter. Franklin Resources Inc. increased its position in Capital One Financial by 12.8% during the 3rd quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock worth $2,516,587,000 after purchasing an additional 1,339,215 shares in the last quarter. Davis Selected Advisers increased its position in Capital One Financial by 2.8% during the 4th quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock worth $2,087,878,000 after purchasing an additional 234,649 shares in the last quarter. Capital Research Global Investors increased its position in Capital One Financial by 3.7% during the 3rd quarter. Capital Research Global Investors now owns 8,426,060 shares of the financial services provider’s stock worth $1,791,264,000 after purchasing an additional 302,733 shares in the last quarter. Finally, Viking Global Investors LP increased its position in Capital One Financial by 30.3% during the 3rd quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after purchasing an additional 1,717,148 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.
Capital One Financial Stock Performance
NYSE:COF opened at $187.80 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The company has a market cap of $116.87 billion, a P/E ratio of 65.90, a P/E/G ratio of 0.69 and a beta of 1.05. Capital One Financial Corporation has a fifty-two week low of $174.98 and a fifty-two week high of $259.64. The firm’s 50 day moving average is $188.36 and its two-hundred day moving average is $210.48.
Capital One Financial Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. Capital One Financial’s dividend payout ratio (DPR) is currently 112.28%.
Insider Activity at Capital One Financial
In other news, insider Lia Dean sold 1,692 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total transaction of $314,052.12. Following the completion of the sale, the insider owned 65,454 shares in the company, valued at approximately $12,148,916.94. The trade was a 2.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jason P. Hanson sold 3,729 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total value of $764,445.00. Following the sale, the insider owned 40,230 shares of the company’s stock, valued at $8,247,150. The trade was a 8.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 49,904 shares of company stock valued at $9,528,159 over the last 90 days. 0.78% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of analysts recently commented on COF shares. Rothschild & Co Redburn dropped their price objective on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Argus dropped their price objective on Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. BTIG Research reiterated a “buy” rating and set a $224.00 price objective on shares of Capital One Financial in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company lowered their price target on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Seventeen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $258.75.
Check Out Our Latest Analysis on Capital One Financial
Capital One Financial 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.
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