Forsta AP Fonden Cuts Stock Position in Capital One Financial Co. (NYSE:COF)

Forsta AP Fonden cut its holdings in Capital One Financial Co. (NYSE:COF) by 18.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 76,300 shares of the financial services provider’s stock after selling 17,000 shares during the quarter. Forsta AP Fonden’s holdings in Capital One Financial were worth $13,606,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in COF. Creative Planning increased its position in shares of Capital One Financial by 10.0% in the second quarter. Creative Planning now owns 48,985 shares of the financial services provider’s stock valued at $6,782,000 after buying an additional 4,468 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of Capital One Financial by 67.1% during the second quarter. Sunbelt Securities Inc. now owns 1,646 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 661 shares in the last quarter. Granite Bay Wealth Management LLC purchased a new stake in shares of Capital One Financial during the second quarter worth approximately $684,000. 3Chopt Investment Partners LLC purchased a new stake in shares of Capital One Financial during the second quarter worth approximately $483,000. Finally, Cetera Investment Advisers increased its position in shares of Capital One Financial by 5.1% during the second quarter. Cetera Investment Advisers now owns 44,856 shares of the financial services provider’s stock worth $6,210,000 after purchasing an additional 2,183 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Capital One Financial news, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the sale, the insider now owns 26,482 shares in the company, valued at $5,038,465.32. This represents a 28.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total value of $323,765.78. Following the sale, the insider now owns 19,776 shares in the company, valued at approximately $3,211,029.12. This trade represents a 9.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,256 shares of company stock valued at $2,462,487. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Evercore ISI boosted their price target on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Truist Financial boosted their price target on Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a research report on Monday. The Goldman Sachs Group boosted their price target on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company boosted their price objective on Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Finally, Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $196.31.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $204.19 on Thursday. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $207.24. The business’s fifty day simple moving average is $185.91 and its 200-day simple moving average is $163.69. The firm has a market cap of $77.84 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 1.29 and a beta of 1.46. The company has a quick ratio of 1.00, a current ratio of 0.98 and a debt-to-equity ratio of 0.74.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating the consensus estimate of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the prior year, the company posted $2.81 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Equities analysts forecast that Capital One Financial Co. will post 15.22 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial’s payout ratio is 20.71%.

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.