Handelsbanken Fonder AB boosted its stake in shares of Capital One Financial Co. (NYSE:COF) by 6.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,579 shares of the financial services provider’s stock after acquiring an additional 3,190 shares during the quarter. Handelsbanken Fonder AB’s holdings in Capital One Financial were worth $5,056,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in COF. MV Capital Management Inc. lifted its position in Capital One Financial by 122.2% during the 1st quarter. MV Capital Management Inc. now owns 300 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 165 shares during the period. Eagle Bay Advisors LLC lifted its stake in shares of Capital One Financial by 43.4% in the 1st quarter. Eagle Bay Advisors LLC now owns 1,081 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 327 shares during the period. Delta Asset Management LLC TN acquired a new stake in shares of Capital One Financial in the 4th quarter worth $34,000. Resurgent Financial Advisors LLC acquired a new stake in shares of Capital One Financial in the 4th quarter worth $34,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of Capital One Financial in the 2nd quarter worth $37,000. 88.73% of the stock is owned by institutional investors and hedge funds.
Capital One Financial Trading Down 2.6 %
Capital One Financial stock opened at $114.95 on Friday. The stock has a market cap of $43.89 billion, a PE ratio of 7.93, a P/E/G ratio of 1.58 and a beta of 1.45. The stock has a 50-day moving average price of $107.22 and a 200 day moving average price of $103.34. Capital One Financial Co. has a 52 week low of $83.93 and a 52 week high of $123.09. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.88.
Capital One Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Monday, May 15th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 12th. This represents a $2.40 annualized dividend and a yield of 2.09%. Capital One Financial’s payout ratio is currently 16.55%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on COF shares. Wells Fargo & Company decreased their price target on Capital One Financial from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, March 31st. Bank of America lifted their price target on Capital One Financial from $109.00 to $116.00 in a research note on Tuesday, June 6th. Credit Suisse Group reduced their price objective on shares of Capital One Financial from $112.00 to $108.00 in a research note on Friday, April 28th. Citigroup raised their price objective on shares of Capital One Financial from $121.00 to $124.00 in a research note on Friday, July 7th. Finally, Jefferies Financial Group raised their price objective on shares of Capital One Financial from $100.00 to $110.00 in a research note on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $110.48.
Insiders Place Their Bets
In other Capital One Financial news, insider Mark Daniel Mouadeb sold 903 shares of Capital One Financial stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $115.00, for a total value of $103,845.00. Following the completion of the sale, the insider now directly owns 15,493 shares of the company’s stock, valued at approximately $1,781,695. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.41% of the stock is owned by corporate insiders.
About Capital One Financial
Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides 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.
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