Livforsakringsbolaget Skandia Omsesidigt Increases Stock Holdings in Capital One Financial Corporation $COF

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Capital One Financial Corporation by 132.5%, acquiring an additional 3,886 shares, bringing its total holdings to 6,818 shares valued at approximately $1.45 million.
• Capital One Financial reported an impressive EPS of $5.48 for the most recent quarter, significantly surpassing the consensus estimate of $1.93, while revenues grew by 31.4% year-over-year, totaling $12.49 billion.
• The company recently declared a quarterly dividend of $0.60, representing an annualized dividend yield of 1.1%, although its current payout ratio stands at a high of 123.08%.

Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 132.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,818 shares of the financial services provider's stock after acquiring an additional 3,886 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Capital One Financial were worth $1,450,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of COF. Kingstone Capital Partners Texas LLC increased its position in Capital One Financial by 588,668.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock valued at $24,988,129,000 after acquiring an additional 117,427,549 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new position in Capital One Financial during the first quarter valued at $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Capital One Financial by 45.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock valued at $838,609,000 after acquiring an additional 1,454,595 shares during the last quarter. Bank of New York Mellon Corp grew its holdings 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 worth $889,519,000 after purchasing an additional 950,415 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Capital One Financial in the first quarter worth about $141,599,000. Institutional investors own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

COF has been the topic of a number of research analyst reports. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and upped their price target for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Truist Financial upped their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, September 12th. JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company upped their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $239.44.

Capital One Financial Trading Down 0.7%

COF traded down $1.61 on Friday, hitting $228.13. The company had a trading volume of 4,825,233 shares, compared to its average volume of 2,808,706. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm has a market cap of $145.89 billion, a P/E ratio of 116.99, a PEG ratio of 0.88 and a beta of 1.17. The company's fifty day moving average price is $218.68 and its 200 day moving average price is $197.67. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. During the same quarter last year, the company earned $3.14 earnings per share. The firm's revenue for the quarter was up 31.4% on a year-over-year basis. As a group, equities analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

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

Insider Buying and Selling

In related news, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 68,707 shares of the company's stock, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares of the company's stock, valued at $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,298 shares of company stock valued at $4,679,844. Corporate insiders own 1.26% of the company's stock.

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.