Avanza Fonder AB Purchases Shares of 29,946 Capital One Financial Co. (NYSE:COF)

Avanza Fonder AB acquired a new position in shares of Capital One Financial Co. (NYSE:COF) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 29,946 shares of the financial services provider’s stock, valued at approximately $5,340,000.

Several other large investors also recently made changes to their positions in the stock. FMR LLC grew its holdings in Capital One Financial by 21.4% during the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after purchasing an additional 1,169,395 shares during the period. Eminence Capital LP bought a new stake in Capital One Financial in the 2nd quarter valued at $127,465,000. International Assets Investment Management LLC acquired a new stake in Capital One Financial during the 4th quarter valued at $130,683,000. Wellington Management Group LLP boosted its position in Capital One Financial by 268.7% during the third quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock worth $146,052,000 after purchasing an additional 710,881 shares during the period. Finally, Southpoint Capital Advisors LP bought a new position in Capital One Financial in the 3rd quarter valued at about $104,811,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Up 0.2 %

Shares of NYSE COF opened at $188.77 on Friday. The firm’s 50 day simple moving average is $183.63 and its two-hundred day simple moving average is $159.76. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial Co. has a one year low of $123.23 and a one year high of $198.30. The stock has a market capitalization of $71.96 billion, a P/E ratio of 17.82, a PEG ratio of 1.12 and a beta of 1.46.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter last year, the business posted $4.45 EPS. The business’s revenue was up 6.8% on a year-over-year basis. As a group, analysts expect that Capital One Financial Co. will post 13.41 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.27%. Capital One Financial’s payout ratio is 22.66%.

Insider Activity

In related news, insider Michael Zamsky sold 10,541 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now directly owns 26,482 shares in the company, valued at approximately $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kara West sold 721 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total transaction of $133,190.33. Following the completion of the transaction, the insider now owns 12,929 shares in the company, valued at $2,388,374.17. The trade was a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,256 shares of company stock valued at $2,462,487 in the last ninety days. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and increased their price target for the stock from $168.00 to $235.00 in a research report on Monday. The Goldman Sachs Group raised their price objective on Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Hsbc Global Res raised shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday. Finally, Robert W. Baird increased their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $188.06.

Capital One Financial 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.