E. Ohman J or Asset Management AB Increases Position in Capital One Financial Corporation $COF

Key Points

• E. Ohman J or Asset Management AB increased its Capital One Financial position by 795% in the second quarter, ending with 197,779 shares valued at approximately $39.7 million. Institutional investors and hedge funds collectively own 89.84% of the stock.
• Capital One reported quarterly earnings of $5.81 per share, beating estimates of $4.79, while revenue rose 26.9% year over year to $15.83 billion.
• Analysts maintain a generally positive outlook, with 20 Buy ratings and four Holds, an overall “Moderate Buy” consensus, and an average price target of $259.36. The company also declared a quarterly dividend of $0.80 per share, implying a 1.5% yield.

E. Ohman J or Asset Management AB increased its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 795.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 197,779 shares of the financial services provider's stock after acquiring an additional 175,681 shares during the quarter. Capital One Financial makes up approximately 0.9% of E. Ohman J or Asset Management AB's holdings, making the stock its 23rd biggest holding. E. Ohman J or Asset Management AB's holdings in Capital One Financial were worth $39,678,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Capital One Financial by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider's stock worth $13,789,615,000 after purchasing an additional 360,071 shares during the last quarter. Franklin Resources Inc. increased its stake in Capital One Financial by 5.4% in 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 during the last quarter. Morgan Stanley lifted its position in Capital One Financial by 3.9% during the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider's stock worth $2,103,196,000 after buying an additional 323,350 shares during the period. Norges Bank acquired a new stake in Capital One Financial in the 4th quarter worth about $2,089,803,000. Finally, Davis Selected Advisers grew its holdings in Capital One Financial by 2.8% in the 4th quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider's stock valued at $2,087,878,000 after buying an additional 234,649 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on COF shares. Rothschild & Co Redburn decreased their target price on shares of Capital One Financial from $290.00 to $275.00 and set a "buy" rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings raised shares of Capital One Financial from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, July 30th. TD Cowen decreased their price target on shares of Capital One Financial from $260.00 to $253.00 and set a "buy" rating on the stock in a report on Tuesday, July 7th. Bank of America lowered their price objective on shares of Capital One Financial from $234.00 to $231.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. Finally, UBS Group upped their price objective on Capital One Financial from $275.00 to $280.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Twenty investment analysts have rated the stock with a Buy rating and four have issued 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 $259.36.

Capital One Financial Stock Performance

NYSE:COF opened at $218.62 on Tuesday. The firm has a 50-day moving average of $201.60 and a two-hundred day moving average of $198.14. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $134.12 billion, a P/E ratio of 13.53, a PEG ratio of 0.80 and a beta of 1.02. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping the consensus estimate of $4.79 by $1.02. The business had revenue of $15.83 billion for the quarter, compared to analysts' expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company's revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.48 earnings per share. On average, research analysts expect that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, August 17th. Capital One Financial's dividend payout ratio is 19.80%.

Insider Transactions at Capital One Financial

In related news, CAO Timothy P. Golden sold 3,487 shares of the company's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total value of $735,757.00. Following the sale, the chief accounting officer directly owned 7,429 shares of the company's stock, valued at $1,567,519. This represents a 31.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ravi Raghu sold 9,726 shares of the stock in a transaction 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 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 16,713 shares of company stock valued at $3,504,077. 0.78% of the stock is currently owned by corporate insiders.

Capital One Financial Company Profile

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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