Lansforsakringar Fondforvaltning AB publ Acquires New Position in Capital One Financial Co. (NYSE:COF)

Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Capital One Financial Co. (NYSE:COF - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 514,692 shares of the financial services provider's stock, valued at approximately $91,780,000. Capital One Financial makes up about 1.1% of Lansforsakringar Fondforvaltning AB publ's holdings, making the stock its 19th largest holding. Lansforsakringar Fondforvaltning AB publ owned 0.13% of Capital One Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Bfsg LLC purchased a new stake in Capital One Financial during the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Capital One Financial during the fourth quarter worth $27,000. TruNorth Capital Management LLC purchased a new position in Capital One Financial during the fourth quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new position in Capital One Financial during the fourth quarter valued at $32,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Capital One Financial during the fourth quarter valued at $41,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Trading Down 0.9%

Capital One Financial stock traded down $1.63 during midday trading on Friday, hitting $189.13. 6,181,858 shares of the stock were exchanged, compared to its average volume of 3,486,537. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The stock has a market capitalization of $72.46 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.19 and a beta of 1.13. The stock's 50-day simple moving average is $179.14 and its 200 day simple moving average is $184.66. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.07 billion. On average, equities analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Friday, May 23rd. Capital One Financial's dividend payout ratio is presently 20.15%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on COF shares. Baird R W raised shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. Evercore ISI raised shares of Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price objective on the stock in a report on Wednesday, March 12th. BTIG Research raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective on the stock in a report on Tuesday, March 25th. JPMorgan Chase & Co. decreased their price objective on shares of Capital One Financial from $198.00 to $170.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Royal Bank of Canada set a $190.00 price objective on shares of Capital One Financial and gave the company a "sector perform" rating in a report on Monday, April 14th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Capital One Financial presently has an average rating of "Moderate Buy" and a consensus target price of $207.60.

Insider Buying and Selling at Capital One Financial

In related news, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the transaction, the insider now owns 20,089 shares in the company, valued at approximately $4,005,746.60. The trade was a 32.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the transaction, the director now owns 56,244 shares of the company's stock, valued at $11,175,682.80. This trade represents a 2.86% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company's stock.

Capital One Financial Company 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.