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

Forsta AP Fonden lowered its stake in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 18.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,300 shares of the financial services provider's stock after selling 17,000 shares during the period. Forsta AP Fonden's holdings in Capital One Financial were worth $13,606,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Asset Management One Co. Ltd. boosted its holdings in Capital One Financial by 5.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider's stock valued at $21,976,000 after purchasing an additional 7,331 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Capital One Financial by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider's stock valued at $64,482,000 after purchasing an additional 17,825 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of Capital One Financial during the third quarter valued at about $1,649,000. Catalina Capital Group LLC increased its stake in Capital One Financial by 8.1% in the 3rd quarter. Catalina Capital Group LLC now owns 1,609 shares of the financial services provider's stock worth $241,000 after purchasing an additional 121 shares during the period. Finally, Dai ichi Life Insurance Company Ltd raised its holdings in Capital One Financial by 36.8% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 11,162 shares of the financial services provider's stock valued at $1,671,000 after buying an additional 3,000 shares during the last quarter. Institutional investors own 89.84% of the company's stock.

Insider Activity

In other news, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the transaction, the insider now owns 26,482 shares of the company's stock, valued at $5,038,465.32. The trade was a 28.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the company's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total value of $323,765.78. Following the transaction, the insider now directly owns 19,776 shares in the company, valued at approximately $3,211,029.12. The trade was a 9.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,256 shares of company stock worth $2,462,487. 1.30% of the stock is currently owned by corporate insiders.

Capital One Financial Trading Up 2.1 %

Shares of NYSE:COF traded up $4.24 during trading on Thursday, reaching $208.15. The company's stock had a trading volume of 617,270 shares, compared to its average volume of 3,426,227. The firm's 50 day simple moving average is $186.38 and its two-hundred day simple moving average is $163.97. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $207.68. The stock has a market capitalization of $79.35 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 1.29 and a beta of 1.46. The company has a current ratio of 0.98, a quick ratio of 1.00 and a debt-to-equity ratio of 0.74.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.31. The business had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $2.81 earnings per share. On average, research analysts predict that Capital One Financial Co. will post 15.22 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial's dividend payout ratio (DPR) is 20.71%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Capital One Financial from $185.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 3rd. Royal Bank of Canada upped their target price on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 22nd. Barclays boosted their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Truist Financial raised their target price on shares of Capital One Financial from $229.00 to $257.00 and gave the company a "buy" rating in a research note on Monday. Finally, HSBC raised Capital One Financial from a "reduce" rating to a "hold" rating and set a $176.00 price target on the stock in a research report on Tuesday, January 14th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Capital One Financial currently has a consensus rating of "Moderate Buy" and an average price target of $196.31.

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.