AMF Tjanstepension AB Has $17.74 Million Stock Position in Capital One Financial Corporation (NYSE:COF)

Key Points

• AMF Tjanstepension AB has reduced its stake in Capital One Financial by 2.7%, now holding 98,921 shares worth approximately $17.7 million.
• Several institutional investors, including Vanguard Group and Bank of New York Mellon Corp, have increased their holdings in Capital One Financial amid positive analyst forecasts.
• Capital One recently reported a quarterly EPS of $5.48, significantly above estimates, and declared a quarterly dividend of $0.60, reflecting a 1.2% yield.

AMF Tjanstepension AB lessened its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 2.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 98,921 shares of the financial services provider's stock after selling 2,696 shares during the period. AMF Tjanstepension AB's holdings in Capital One Financial were worth $17,737,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. AlphaCore Capital LLC bought a new position in Capital One Financial during the first quarter valued at about $60,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Capital One Financial by 10.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 674,137 shares of the financial services provider's stock valued at $120,873,000 after acquiring an additional 65,842 shares during the period. Y.D. More Investments Ltd increased its stake in Capital One Financial by 13.9% during the first quarter. Y.D. More Investments Ltd now owns 540 shares of the financial services provider's stock valued at $97,000 after acquiring an additional 66 shares during the period. Deutsche Bank AG increased its stake in Capital One Financial by 1.7% during the first quarter. Deutsche Bank AG now owns 1,091,808 shares of the financial services provider's stock valued at $195,761,000 after acquiring an additional 18,185 shares during the period. Finally, Chicago Partners Investment Group LLC increased its stake in Capital One Financial by 26.0% during the first quarter. Chicago Partners Investment Group LLC now owns 3,180 shares of the financial services provider's stock valued at $593,000 after acquiring an additional 656 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.

Insiders Place Their Bets

In other Capital One Financial news, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the transaction, the director owned 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,847 shares of company stock valued at $5,696,173. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Price Performance

NYSE COF traded up $1.03 during trading hours on Friday, reaching $208.32. 3,108,026 shares of the company's stock were exchanged, compared to its average volume of 4,080,770. The stock has a market cap of $133.22 billion, a PE ratio of 106.83, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16. Capital One Financial Corporation has a one year low of $131.55 and a one year high of $232.45. The firm has a fifty day moving average of $208.99 and a 200-day moving average of $193.22. 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 quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same period in the prior year, the company posted $3.14 EPS. The firm's quarterly revenue was up 31.4% compared to the same quarter last year. On average, equities research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

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 issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.2%. Capital One Financial's dividend payout ratio is currently 123.08%.

Wall Street Analysts Forecast Growth

COF has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Truist Financial boosted their price target on Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Citigroup boosted their price target on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Wall Street Zen lowered Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods upped their price objective on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Capital One Financial currently has a consensus rating of "Moderate Buy" and an average target price of $238.81.

Capital One Financial 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.