Tredje AP fonden Grows Stock Holdings in Capital One Financial Corporation (NYSE:COF)

Key Points

• Tredje AP fonden increased its stake in Capital One Financial by 250% in Q1, owning a total of 140,000 shares valued at over $25 million.
• Several analysts upgraded Capital One Financial's stock ratings, with price targets rising, including Citigroup's upgrade to $275 and Wells Fargo's to $265.
• In a recent earnings report, Capital One Financial exceeded expectations, reporting earnings of $5.48 EPS compared to the consensus estimate of $1.93.

Tredje AP fonden increased its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 250.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 140,000 shares of the financial services provider's stock after purchasing an additional 100,000 shares during the period. Tredje AP fonden's holdings in Capital One Financial were worth $25,102,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in Capital One Financial by 2.6% in the 4th 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 acquiring an additional 207,427 shares in the last quarter. FMR LLC grew its position in Capital One Financial by 21.6% during the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock worth $1,440,449,000 after acquiring an additional 1,436,935 shares during the last quarter. Bank of New York Mellon Corp grew its position in Capital One Financial by 23.7% during the 1st 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 acquiring an additional 950,415 shares during the last quarter. Northern Trust Corp grew its position in Capital One Financial by 21.8% during the 4th quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock worth $790,564,000 after acquiring an additional 793,765 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Capital One Financial by 38.7% in the 4th quarter. Invesco Ltd. now owns 4,117,444 shares of the financial services provider's stock valued at $734,223,000 after buying an additional 1,148,443 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction 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 sale, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the sale, the director owned 56,244 shares in the company, valued at $11,175,682.80. This trade represents a 2.86% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,332 shares of company stock worth $4,540,285. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Stock Down 0.1%

Shares of Capital One Financial stock traded down $0.21 on Thursday, hitting $215.02. The company had a trading volume of 4,298,724 shares, compared to its average volume of 3,697,219. The stock has a market capitalization of $82.38 billion, a price-to-earnings ratio of 110.27, a P/E/G ratio of 0.85 and a beta of 1.15. Capital One Financial Corporation has a 1 year low of $128.23 and a 1 year high of $232.45. The stock has a 50 day moving average of $206.46 and a 200-day moving average of $192.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. Capital One Financial's revenue for the quarter was up 31.4% on a year-over-year basis. During the same period last year, the company posted $3.14 earnings per share. As a group, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is 123.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wells Fargo & Company upped their price target on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and upped their price target for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods upped their price target on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Citigroup upped their price target on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen upgraded Capital One Financial from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $235.40.

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.