Handelsbanken Fonder AB Acquires 2,767 Shares of Capital One Financial Co. (NYSE:COF)

Handelsbanken Fonder AB boosted its holdings in shares of Capital One Financial Co. (NYSE:COF) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,225 shares of the financial services provider’s stock after purchasing an additional 2,767 shares during the period. Handelsbanken Fonder AB’s holdings in Capital One Financial were worth $9,864,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COF. Pzena Investment Management LLC lifted its stake in Capital One Financial by 8.3% during the third quarter. Pzena Investment Management LLC now owns 7,626,988 shares of the financial services provider’s stock worth $740,199,000 after purchasing an additional 585,797 shares during the last quarter. Wellington Management Group LLP lifted its stake in Capital One Financial by 37.7% during the third quarter. Wellington Management Group LLP now owns 1,184,671 shares of the financial services provider’s stock worth $114,972,000 after purchasing an additional 324,095 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Capital One Financial by 28.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,011,849 shares of the financial services provider’s stock valued at $98,200,000 after acquiring an additional 223,980 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Capital One Financial by 1,058.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 202,881 shares of the financial services provider’s stock valued at $26,602,000 after acquiring an additional 185,370 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Capital One Financial by 131.2% in the 4th quarter. Mackenzie Financial Corp now owns 314,989 shares of the financial services provider’s stock valued at $41,301,000 after acquiring an additional 178,729 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

COF has been the subject of a number of research reports. Piper Sandler increased their price target on Capital One Financial from $126.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Evercore ISI increased their price target on Capital One Financial from $142.00 to $155.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. Wells Fargo & Company increased their price target on Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Barclays increased their price target on Capital One Financial from $114.00 to $154.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, BMO Capital Markets increased their price objective on Capital One Financial from $124.00 to $125.00 and gave the company a “market perform” rating in a report on Monday, January 29th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Capital One Financial currently has an average rating of “Hold” and a consensus target price of $137.05.

Capital One Financial Stock Performance

Shares of COF opened at $148.80 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a 50-day moving average of $140.10 and a 200-day moving average of $125.44. The company has a market cap of $56.60 billion, a PE ratio of 12.45, a P/E/G ratio of 1.06 and a beta of 1.48. Capital One Financial Co. has a one year low of $83.93 and a one year high of $149.94.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $2.24 earnings per share for the quarter, missing the consensus estimate of $2.50 by ($0.26). Capital One Financial had a net margin of 9.88% and a return on equity of 9.24%. The business had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.45 billion. On average, equities research analysts predict that Capital One Financial Co. will post 13.84 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.40 annualized dividend and a yield of 1.61%. Capital One Financial’s payout ratio is 20.08%.

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.