Swedbank AB Acquires 209,889 Shares of Capital One Financial Corporation $COF

Key Points

• Swedbank AB increased its stake in Capital One Financial by 311.1% during the 2nd quarter, owning 0.07% of the company valued at approximately $59 million after acquiring over 209,000 additional shares.
• Capital One posted an EPS of $5.48, significantly surpassing the consensus estimate of $1.93, while reporting quarterly revenues of $12.49 billion, showing a 31.4% increase year-over-year.
• The company announced a quarterly dividend of $0.60 per share, with a current payout ratio of 123.08%, raising concerns about sustainability in the long term.

Swedbank AB lifted its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 311.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 277,349 shares of the financial services provider's stock after buying an additional 209,889 shares during the period. Swedbank AB owned about 0.07% of Capital One Financial worth $59,009,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of COF. TFB Advisors LLC lifted its position in Capital One Financial by 3.4% in the first quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock worth $276,000 after purchasing an additional 51 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in Capital One Financial by 0.9% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider's stock worth $1,097,000 after purchasing an additional 53 shares during the period. Opal Wealth Advisors LLC lifted its position in Capital One Financial by 3.1% in the first quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock worth $386,000 after purchasing an additional 64 shares during the period. MAI Capital Management lifted its holdings in shares of Capital One Financial by 0.7% during the 1st quarter. MAI Capital Management now owns 8,622 shares of the financial services provider's stock worth $1,546,000 after acquiring an additional 64 shares during the period. Finally, Y.D. More Investments Ltd lifted its holdings in shares of Capital One Financial by 13.9% during the 1st quarter. Y.D. More Investments Ltd now owns 540 shares of the financial services provider's stock worth $97,000 after acquiring an additional 66 shares during the period. Institutional investors own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

COF has been the subject of several analyst reports. Wells Fargo & Company lifted their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Citigroup lifted their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Royal Bank Of Canada lifted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Rothschild & Co Redburn started coverage on Capital One Financial in a research report on Friday, August 1st. They issued a "buy" rating and a $290.00 price objective for the company. Finally, Truist Financial lifted their price objective on Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $239.44.

Insider Transactions at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer owned 8,987 shares in the company, valued at approximately $1,889,786.36. This represents a 27.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,298 shares of company stock worth $4,679,844 in the last 90 days. Company insiders own 1.26% of the company's stock.

Capital One Financial Trading Down 0.7%

Shares of Capital One Financial stock traded down $1.61 during trading hours on Friday, hitting $228.13. The company's stock had a trading volume of 4,825,233 shares, compared to its average volume of 2,808,706. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The stock has a 50 day moving average of $218.68 and a 200 day moving average of $197.59. The company has a market capitalization of $145.89 billion, a PE ratio of 116.99, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last posted its 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 the consensus estimate of $12.72 billion. During the same period in the previous year, the company posted $3.14 earnings per share. Capital One Financial's revenue for the quarter was up 31.4% compared to the same quarter last year. Analysts predict 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 annualized dividend and a dividend yield of 1.1%. Capital One Financial's dividend payout ratio is currently 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.