Swedbank AB Purchases 8,074 Shares of Capital One Financial Co. (NYSE:COF)

Swedbank AB grew its position in Capital One Financial Co. (NYSE:COF) by 13.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 68,244 shares of the financial services provider’s stock after purchasing an additional 8,074 shares during the quarter. Swedbank AB’s holdings in Capital One Financial were worth $10,218,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Prossimo Advisors LLC raised its holdings in Capital One Financial by 2.4% in the 3rd quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 65 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of Capital One Financial by 3.9% in the third quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 66 shares during the last quarter. Harbour Investments Inc. lifted its holdings in shares of Capital One Financial by 0.7% during the third quarter. Harbour Investments Inc. now owns 9,579 shares of the financial services provider’s stock valued at $1,434,000 after purchasing an additional 71 shares in the last quarter. Arvest Investments Inc. boosted its position in shares of Capital One Financial by 1.2% during the third quarter. Arvest Investments Inc. now owns 6,513 shares of the financial services provider’s stock valued at $975,000 after buying an additional 75 shares during the last quarter. Finally, Bangor Savings Bank increased its holdings in Capital One Financial by 20.8% in the 3rd quarter. Bangor Savings Bank now owns 448 shares of the financial services provider’s stock worth $67,000 after buying an additional 77 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on COF. Citigroup began coverage on shares of Capital One Financial in a report on Friday, September 20th. They set a “buy” rating and a $190.00 price target on the stock. Barclays lifted their target price on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group increased their price target on Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. upped their price objective on Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Finally, Robert W. Baird increased their target price on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Capital One Financial presently has a consensus rating of “Hold” and a consensus target price of $160.18.

Insider Activity

In other news, insider Kara West sold 721 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the sale, the insider now owns 12,929 shares in the company, valued at approximately $2,388,374.17. This trade represents a 5.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the transaction, the insider now owns 26,482 shares in the company, valued at $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,007 shares of company stock valued at $4,982,647. 1.30% of the stock is currently owned by insiders.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $191.50 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. Capital One Financial Co. has a 12 month low of $105.43 and a 12 month high of $198.30. The stock has a 50 day moving average of $164.10 and a 200 day moving average of $148.50. The firm has a market cap of $73.06 billion, a PE ratio of 18.08, a PEG ratio of 1.36 and a beta of 1.43.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $4.45 EPS. On average, research analysts expect that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s dividend payout ratio (DPR) is 22.66%.

Capital One Financial Company 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.