Capital One Financial Corporation $COF Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund has reduced its stake in Capital One Financial by 18.6%, holding 58,709 shares valued at approximately $10.5 million after selling 13,400 shares in the first quarter.
• Insider selling activity has been notable, with CAO Timothy P. Golden and insider Robert M. Alexander both reducing their positions by 27.81% and 12.83%, respectively, in recent transactions.
• Capital One Financial's latest earnings report showed a significant increase in EPS to $5.48, surpassing analysts' estimates, while announcing a quarterly dividend of $0.60 with a dividend yield of 1.1%.

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 18.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 58,709 shares of the financial services provider's stock after selling 13,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Capital One Financial were worth $10,527,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in COF. Lone Pine Capital LLC acquired a new position in Capital One Financial during the fourth quarter worth $577,012,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of Capital One Financial in the first quarter valued at about $381,848,000. Meritage Group LP acquired a new stake in shares of Capital One Financial in the fourth quarter valued at about $227,662,000. Bank of New York Mellon Corp raised its position in shares of Capital One Financial by 23.7% in the first 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 buying an additional 950,415 shares during the last quarter. Finally, Third Point LLC acquired a new stake in shares of Capital One Financial in the fourth quarter valued at about $164,946,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on COF. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Bank of America upped their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. 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. Royal Bank Of Canada increased their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Finally, Citigroup increased their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and a consensus target price of $238.81.

Insider Transactions at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the sale, the chief accounting officer directly owned 8,987 shares in the company, valued at approximately $1,889,786.36. The trade was a 27.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction 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 sale, 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 19,091 shares of company stock worth $4,188,454. Insiders own 1.26% of the company's stock.

Capital One Financial Stock Down 0.7%

NYSE:COF traded down $1.60 during mid-day trading on Tuesday, hitting $214.60. The stock had a trading volume of 1,174,759 shares, compared to its average volume of 4,434,914. The stock has a 50-day simple moving average of $211.51 and a two-hundred day simple moving average of $193.66. The company has a market capitalization of $137.24 billion, a PE ratio of 110.02, a PEG ratio of 0.84 and a beta of 1.16. Capital One Financial Corporation has a twelve month low of $131.55 and a twelve month 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 released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same period in the previous year, the business posted $3.14 EPS. The firm's revenue for the quarter was up 31.4% compared to the same quarter last year. On average, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. 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.