Andra AP fonden Trims Position in Capital One Financial Corporation $COF

Andra AP fonden cut its stake in shares of Capital One Financial Corporation (NYSE:COF) by 38.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,923 shares of the financial services provider’s stock after selling 67,108 shares during the period. Andra AP fonden’s holdings in Capital One Financial were worth $19,324,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after purchasing an additional 10,428 shares during the period. Intech Investment Management LLC grew its position in shares of Capital One Financial by 44.3% during the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock valued at $1,608,000 after purchasing an additional 2,753 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Capital One Financial by 118.3% in the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock worth $702,000 after purchasing an additional 1,788 shares during the period. Flow Traders U.S. LLC purchased a new stake in shares of Capital One Financial in the second quarter worth $218,000. Finally, Jump Financial LLC purchased a new stake in shares of Capital One Financial in the second quarter worth $1,086,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COF has been the subject of several research analyst reports. The Goldman Sachs Group dropped their price objective on Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. BTIG Research raised their price target on Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Bank of America lowered their price target on Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a research report on Wednesday, June 24th. Finally, Wells Fargo & Company cut their price objective 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. Twenty equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $259.91.

Insider Transactions at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total transaction of $728,000.00. Following the transaction, the general counsel directly owned 90,194 shares in the company, valued at approximately $18,760,352. This represents a 3.74% 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 Celia Karam sold 1,749 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $192.58, for a total value of $336,822.42. Following the transaction, the insider owned 61,579 shares in the company, valued at $11,858,883.82. This trade represents a 2.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,749 shares of company stock valued at $1,708,577 over the last quarter. Company insiders own 0.78% of the company’s stock.

Capital One Financial Stock Performance

NYSE COF opened at $206.71 on Tuesday. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64. The company has a fifty day moving average of $193.93 and a 200-day moving average of $201.42. The company has a market capitalization of $128.64 billion, a P/E ratio of 72.53, a P/E/G ratio of 0.75 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The firm had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.68 billion. During the same period in the prior year, the company earned $4.06 EPS. The firm’s revenue was up 52.3% compared to the same quarter last year. As a group, equities research analysts predict that Capital One Financial Corporation will post 19.56 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s dividend payout ratio is presently 112.28%.

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.