Forsta AP Fonden Acquires 10,700 Shares of Capital One Financial Co. (NYSE:COF)

Forsta AP Fonden increased its stake in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 13.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,300 shares of the financial services provider's stock after buying an additional 10,700 shares during the period. Forsta AP Fonden's holdings in Capital One Financial were worth $13,970,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. LRI Investments LLC purchased a new position in shares of Capital One Financial during the 1st quarter valued at $25,000. Y.D. More Investments Ltd bought a new stake in Capital One Financial in the 2nd quarter valued at about $28,000. Hobbs Group Advisors LLC purchased a new stake in Capital One Financial during the second quarter valued at about $29,000. Unique Wealth Strategies LLC bought a new position in Capital One Financial during the second quarter worth about $36,000. Finally, Versant Capital Management Inc increased its stake in shares of Capital One Financial by 391.5% in the second quarter. Versant Capital Management Inc now owns 290 shares of the financial services provider's stock worth $40,000 after purchasing an additional 231 shares in the last quarter. Institutional investors own 89.84% of the company's stock.

Insiders Place Their Bets

In other news, insider Frank G. LapradeIii sold 15,751 shares of the company's stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the sale, the insider now owns 44,711 shares of the company's stock, valued at approximately $7,153,760. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Frank G. LapradeIii sold 15,751 shares of the business's stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the sale, the insider now owns 44,711 shares of the company's stock, valued at approximately $7,153,760. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the sale, the chief executive officer now owns 40,934 shares of the company's stock, valued at $5,438,491.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Capital One Financial Price Performance

Shares of NYSE COF traded up $8.01 during mid-day trading on Friday, reaching $161.27. 6,087,492 shares of the company were exchanged, compared to its average volume of 2,466,654. Capital One Financial Co. has a 52 week low of $89.08 and a 52 week high of $167.93. The company's 50 day moving average price is $147.82 and its 200 day moving average price is $142.89. The stock has a market capitalization of $61.31 billion, a PE ratio of 12.63, a PEG ratio of 1.22 and a beta of 1.44. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.81. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company's revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.45 earnings per share. Sell-side analysts forecast that Capital One Financial Co. will post 12.87 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial's payout ratio is currently 18.79%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Barclays upped their price target on shares of Capital One Financial from $154.00 to $158.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 8th. Robert W. Baird increased their target price on Capital One Financial from $145.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday. Royal Bank of Canada raised their price target on Capital One Financial from $150.00 to $160.00 and gave the stock a "sector perform" rating in a report on Friday. Citigroup assumed coverage on Capital One Financial in a research note on Friday, September 20th. They set a "buy" rating and a $190.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their price objective on Capital One Financial from $156.00 to $157.00 and gave the stock a "neutral" rating in a report on Monday, October 7th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Capital One Financial currently has a consensus rating of "Hold" and an average target price of $152.39.

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.