Handelsbanken Fonder AB Purchases 1,573 Shares of Capital One Financial Co. (NYSE:COF)

Handelsbanken Fonder AB grew its stake in Capital One Financial Co. (NYSE:COF - Free Report) by 1.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,453 shares of the financial services provider's stock after acquiring an additional 1,573 shares during the period. Handelsbanken Fonder AB's holdings in Capital One Financial were worth $19,266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of COF. Lansforsakringar Fondforvaltning AB publ acquired a new position in Capital One Financial during the fourth quarter valued at approximately $91,780,000. Geode Capital Management LLC grew its holdings in Capital One Financial by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock valued at $1,467,393,000 after purchasing an additional 207,427 shares during the period. Westbourne Investments Inc. acquired a new position in Capital One Financial during the fourth quarter valued at approximately $410,000. Lone Pine Capital LLC acquired a new position in Capital One Financial during the fourth quarter valued at approximately $577,012,000. Finally, Beacon Pointe Advisors LLC grew its holdings in Capital One Financial by 8.9% during the fourth quarter. Beacon Pointe Advisors LLC now owns 34,781 shares of the financial services provider's stock valued at $6,202,000 after purchasing an additional 2,839 shares during the period. 89.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Ann F. Hackett sold 1,658 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the transaction, the director now directly owns 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Zamsky sold 9,560 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the transaction, the insider now directly owns 20,089 shares in the company, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Truist Financial boosted their price objective on shares of Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a report on Friday, April 25th. Baird R W upgraded shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price target on shares of Capital One Financial from $198.00 to $170.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Robert W. Baird upgraded shares of Capital One Financial from a "neutral" rating to an "outperform" rating and upped their price target for the company from $190.00 to $200.00 in a report on Tuesday, March 11th. Finally, Evercore ISI upgraded shares of Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price target for the company in a report on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $210.64.

Capital One Financial Stock Performance

NYSE COF traded down $5.19 on Friday, hitting $192.49. 3,410,815 shares of the stock were exchanged, compared to its average volume of 3,539,729. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The business's fifty day moving average is $184.50 and its 200 day moving average is $185.36. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $210.67. The company has a market capitalization of $73.75 billion, a PE ratio of 16.61, a P/E/G ratio of 1.19 and a beta of 1.13.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. Research analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial's dividend payout ratio (DPR) is currently 20.15%.

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.