Handelsbanken Fonder AB Has $51.79 Million Holdings in Capital One Financial Corporation $COF

Handelsbanken Fonder AB grew its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 213,678 shares of the financial services provider’s stock after acquiring an additional 3,223 shares during the quarter. Handelsbanken Fonder AB’s holdings in Capital One Financial were worth $51,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Capital One Financial by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock worth $13,789,615,000 after purchasing an additional 360,071 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Capital One Financial by 12.8% during the 3rd quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock worth $2,516,587,000 after purchasing an additional 1,339,215 shares in the last quarter. Davis Selected Advisers grew its position in shares of Capital One Financial by 2.8% during the 4th quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock worth $2,087,878,000 after purchasing an additional 234,649 shares in the last quarter. Capital Research Global Investors grew its position in shares of Capital One Financial by 3.7% during the 3rd quarter. Capital Research Global Investors now owns 8,426,060 shares of the financial services provider’s stock worth $1,791,264,000 after purchasing an additional 302,733 shares in the last quarter. Finally, Viking Global Investors LP grew its position in shares of Capital One Financial by 30.3% during the 3rd quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after purchasing an additional 1,717,148 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on COF shares. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. BTIG Research reiterated a “buy” rating and set a $224.00 price target on shares of Capital One Financial in a research report on Wednesday, April 22nd. The Goldman Sachs Group reduced their price target on shares of Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Jefferies Financial Group reiterated a “buy” rating and set a $300.00 price target on shares of Capital One Financial in a research report on Monday, March 16th. Finally, HSBC reduced their price target on shares of Capital One Financial from $234.00 to $226.00 and set a “hold” rating on the stock in a research report on Tuesday, January 20th. Eighteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $257.52.

Capital One Financial Stock Performance

NYSE COF opened at $182.02 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $113.27 billion, a price-to-earnings ratio of 63.86, a P/E/G ratio of 0.68 and a beta of 1.05. The firm’s 50 day simple moving average is $188.17 and its 200 day simple moving average is $211.09. Capital One Financial Corporation has a 1 year low of $174.98 and a 1 year high of $259.64.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing the consensus estimate of $5.08 by ($0.66). The company had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. Capital One Financial’s revenue for the quarter was up 52.3% on a year-over-year basis. During the same period in the previous year, the company earned $4.06 EPS. As a group, research analysts expect that Capital One Financial Corporation will post 19.17 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $3.20 annualized dividend and a yield of 1.8%. Capital One Financial’s dividend payout ratio is presently 112.28%.

Insiders Place Their Bets

In related news, insider Jason P. Hanson sold 3,729 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total value of $764,445.00. Following the completion of the transaction, the insider owned 40,230 shares of the company’s stock, valued at $8,247,150. This represents a 8.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lia Dean sold 1,692 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total transaction of $314,052.12. Following the completion of the transaction, the insider directly owned 65,454 shares of the company’s stock, valued at approximately $12,148,916.94. The trade was a 2.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 49,904 shares of company stock worth $9,528,159 over the last 90 days. Insiders own 0.78% of the company’s stock.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.