Andra AP fonden Sells 28,200 Shares of Capital One Financial Corporation $COF

Key Points

• Andra AP fonden reduced its Capital One stake by 26.6%, selling 28,200 shares and retaining 77,723 shares valued at approximately $15.6 million. Institutional investors still own 89.84% of the company.
• Capital One reported strong quarterly results, with EPS of $5.81 beating estimates of $4.79 and revenue rising 26.9% year over year to $15.83 billion.
• The company paid a quarterly dividend of $0.80 per share, equivalent to an annualized $3.20 dividend and a 1.6% yield. Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $258.91.

Andra AP fonden lowered its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 26.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 77,723 shares of the financial services provider's stock after selling 28,200 shares during the period. Andra AP fonden's holdings in Capital One Financial were worth $15,593,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Capital One Financial by 107.9% during the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider's stock worth $11,491,259,000 after acquiring an additional 29,724,829 shares during the last quarter. BlackRock Inc. lifted its position in shares of Capital One Financial by 0.5% during the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider's stock valued at $10,242,628,000 after purchasing an additional 236,643 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Capital One Financial by 5.4% during the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider's stock valued at $3,023,795,000 after purchasing an additional 638,158 shares in the last quarter. Norges Bank purchased a new position in Capital One Financial during the fourth quarter worth about $2,089,803,000. Finally, Bank of America Corp DE purchased a new position in Capital One Financial during the second quarter worth about $1,435,311,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Performance

Shares of COF stock opened at $200.75 on Wednesday. The stock has a market capitalization of $123.16 billion, a P/E ratio of 12.42, a PEG ratio of 0.75 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. The firm's 50 day moving average is $212.98 and its 200 day moving average is $198.54. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 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 analyst estimates of $15.76 billion. During the same period last year, the company earned $5.48 earnings per share. The business's revenue for the quarter was up 26.9% on a year-over-year basis. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 20.3 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a dividend of $0.80 per share. The ex-dividend date was Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial's payout ratio is presently 19.80%.

Insiders Place Their Bets

In other Capital One Financial news, insider Ravi Raghu sold 9,726 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the transaction, the insider directly owned 26,328 shares in the company, valued at $5,523,087.84. This trade represents a 26.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $1,193,223.46. Following the transaction, the insider directly owned 27,992 shares in the company, valued at $6,102,815.84. This trade represents a 16.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 33,850 shares of company stock worth $7,208,382. 0.78% of the stock is owned by corporate insiders.

Key Stories Impacting Capital One Financial

Here are the key news stories impacting Capital One Financial this week:

• Positive Sentiment: Capital One completed two €750 million senior, unsecured Eurobond offerings maturing in 2032 and 2037. The transactions diversify its funding sources, broaden its investor base and add flexibility to its debt profile, which could support liquidity management. Capital One Financial Completes €750 Million Twin Euro Bond Offerings
• Neutral Sentiment: The Eurobond notes carry fixed-to-floating rates, meaning they improve funding diversification but also expose Capital One to future interest-rate changes. The additional debt is therefore a strategic funding benefit with a corresponding balance-sheet cost. What Capital One Financial's Eurobond Issuance Means For Shareholders
• Neutral Sentiment: Becca Mintz was appointed president of Capital One Canada as the business begins a new strategic phase. The leadership change may support the Canadian operation over time, but no immediate financial impact was disclosed. Becca Mintz Appointed as President of Capital One Canada
• Negative Sentiment: August credit-card delinquencies and net charge-offs increased sequentially across major U.S. issuers. Although both measures remained below year-ago levels, the increase signals modestly rising consumer stress and could pressure Capital One’s loan-loss provisions, margins and credit outlook if the trend persists. U.S. Card Issuers Delinquencies and NCOs Rise Sequentially in August
• Negative Sentiment: Banks are warning that AI shopping agents may advance faster than fraud and privacy safeguards. For Capital One, greater fraud exposure, cybersecurity spending or regulatory scrutiny could raise operating costs, although the immediate earnings effect is unclear. Banks Warn AI Shopping Agents Outpace Fraud Protections

Wall Street Analysts Forecast Growth

Several research firms have commented on COF. UBS Group increased their price objective on shares of Capital One Financial from $275.00 to $280.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Bank of America cut their target price on Capital One Financial from $234.00 to $231.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Citigroup reduced their target price on Capital One Financial from $310.00 to $295.00 and set a "buy" rating for the company in a report on Tuesday, July 28th. Barclays decreased their price target on Capital One Financial from $242.00 to $240.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 price target on Capital One Financial in a report on Thursday, August 20th. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $258.91.

Capital One Financial Profile

Capital One Financial Corporation NYSE: COF is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

Capital One primarily serves customers in the United States, with additional operations and financial services activities in Canada and the United Kingdom.

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