Avanza Fonder AB Buys 12,056 Shares of Capital One Financial Corporation $COF

Key Points

• Avanza Fonder AB increased its stake in Capital One Financial by 41.3%, owning 41,228 shares worth approximately $8.77 million after purchasing an additional 12,056 shares in Q2.
• Multiple hedge funds, including Sowell Financial Services and Physician Wealth Advisors, have made significant investments in Capital One Financial, highlighting a strong interest from institutional investors with 89.84% of the stock owned by them.
• Capital One Financial reported an impressive $5.48 EPS for the last quarter, significantly surpassing the consensus estimate of $1.93, and the company has declared a quarterly dividend of $0.60 per share.

Avanza Fonder AB raised its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 41.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,228 shares of the financial services provider's stock after acquiring an additional 12,056 shares during the quarter. Avanza Fonder AB's holdings in Capital One Financial were worth $8,772,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC increased its position in Capital One Financial by 3.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider's stock valued at $299,000 after purchasing an additional 49 shares during the period. TFB Advisors LLC increased its position in Capital One Financial by 3.4% during the 1st quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock valued at $276,000 after purchasing an additional 51 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its position in Capital One Financial by 0.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider's stock valued at $1,097,000 after purchasing an additional 53 shares during the period. Opal Wealth Advisors LLC increased its position in Capital One Financial by 3.1% during the 1st quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock valued at $386,000 after purchasing an additional 64 shares during the period. Finally, MAI Capital Management increased its position in Capital One Financial by 0.7% during the 1st quarter. MAI Capital Management now owns 8,622 shares of the financial services provider's stock valued at $1,546,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on COF shares. Wall Street Zen cut Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Keefe, Bruyette & Woods increased their price target on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Truist Financial lifted their target price on Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Finally, JPMorgan Chase & Co. lifted their target price on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and an average price target of $239.44.

Insiders Place Their Bets

In other news, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the sale, the chief accounting officer owned 8,780 shares of the company's stock, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,298 shares of company stock worth $4,679,844. Insiders own 1.26% of the company's stock.

Capital One Financial Price Performance

COF stock traded down $1.61 during mid-day trading on Friday, reaching $228.13. 4,825,233 shares of the company traded hands, compared to its average volume of 2,843,086. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $145.89 billion, a P/E ratio of 116.99, a P/E/G ratio of 0.88 and a beta of 1.17. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a fifty day moving average price of $218.68 and a 200-day moving average price of $197.82.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The business's revenue was up 31.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.14 EPS. As a group, analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is 123.08%.

About Capital One Financial

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.