Livforsakringsbolaget Skandia Omsesidigt Buys Shares of 3,618 Capital One Financial Corporation $COF

Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,618 shares of the financial services provider’s stock, valued at approximately $726,000.

Several other institutional investors also recently modified their holdings of COF. Evolution Wealth Management Inc. raised its position in shares of Capital One Financial by 529.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 90 shares during the period. Solstein Capital LLC bought a new stake in Capital One Financial in the second quarter valued at approximately $26,000. VSM Wealth Advisory LLC bought a new stake in Capital One Financial in the fourth quarter valued at approximately $27,000. Cherry Tree Wealth Management LLC increased its stake in Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 105 shares in the last quarter. Finally, Ballast Advisors LLC acquired a new stake in Capital One Financial in the first quarter worth $27,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Trading Down 0.4%

COF opened at $215.81 on Friday. The stock has a market capitalization of $132.40 billion, a P/E ratio of 13.35, a P/E/G ratio of 0.79 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The firm’s fifty day simple moving average is $210.32 and its 200 day simple moving average is $198.00.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter in the prior year, the company earned $5.48 EPS. The company’s revenue was up 26.9% on a year-over-year basis. As a group, research analysts anticipate that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be issued a dividend of $0.80 per share. The ex-dividend date is Monday, August 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 19.80%.

Insider Buying and Selling at Capital One Financial

In related news, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $218.02, for a total value of $1,193,223.46. Following the sale, the insider owned 27,992 shares of the company’s stock, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ravi Raghu sold 9,726 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the sale, the insider owned 26,328 shares in the company, valued at $5,523,087.84. The trade was a 26.98% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 26,267 shares of company stock valued at $5,617,648 in the last 90 days. 0.78% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Barclays reduced their price target on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Piper Sandler started coverage on Capital One Financial in a research note on Monday, June 29th. They issued an “overweight” rating and a $254.00 target price for the company. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $226.00 to $229.00 in a report on Sunday, July 12th. TD Cowen dropped their price target on Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Finally, Citigroup cut their price objective on Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $258.91.

About Capital One Financial

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.