Lansforsakringar Fondforvaltning AB publ Sells 140,089 Shares of Capital One Financial Corporation $COF

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in Capital One Financial Corporation by 27.2%, owning 374,603 shares after selling 140,089 during the first quarter.
• Capital One's recent earnings report showed $5.48 EPS, exceeding estimates significantly, with a 31.4% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.60 per share, with a payout ratio of 123.08%, and the stock has a market cap of $143.90 billion.

Lansforsakringar Fondforvaltning AB publ trimmed its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 27.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 374,603 shares of the financial services provider's stock after selling 140,089 shares during the period. Lansforsakringar Fondforvaltning AB publ owned 0.10% of Capital One Financial worth $67,166,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Capital One Financial by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider's stock valued at $5,782,590,000 after acquiring an additional 506,105 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Capital One Financial by 23.7% during the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after acquiring an additional 950,415 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Capital One Financial by 18.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock valued at $854,647,000 after acquiring an additional 734,939 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Capital One Financial by 13.3% during the 1st quarter. Invesco Ltd. now owns 4,665,496 shares of the financial services provider's stock valued at $836,523,000 after acquiring an additional 548,052 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Capital One Financial by 31.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,222,533 shares of the financial services provider's stock valued at $574,642,000 after acquiring an additional 765,292 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

NYSE COF traded up $0.29 on Monday, reaching $227.43. The company's stock had a trading volume of 2,551,623 shares, compared to its average volume of 3,154,554. The firm has a market cap of $145.44 billion, a PE ratio of 116.63, a price-to-earnings-growth ratio of 0.89 and a beta of 1.17. The business has a 50-day moving average price of $215.76 and a 200 day moving average price of $194.93. Capital One Financial Corporation has a 52 week low of $131.55 and a 52 week high of $232.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during 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 period in the previous year, the firm earned $3.14 EPS. Sell-side analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 15th. Capital One Financial's dividend payout ratio is currently 123.08%.

Wall Street Analysts Forecast Growth

COF has been the subject of several analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Wall Street Zen lowered shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Citigroup upped their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and upped their price objective for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Finally, Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Capital One Financial presently has an average rating of "Moderate Buy" and a consensus target price of $238.81.

Insiders Place Their Bets

In other news, CAO Timothy P. Golden sold 207 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the transaction, the chief accounting officer directly owned 8,780 shares in the company, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider owned 27,364 shares in the company, valued at $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,298 shares of company stock valued at $4,233,044. 1.26% of the stock is currently owned by insiders.

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.