Tredje AP fonden Sells 100,000 Shares of Capital One Financial Co. (NYSE:COF)

Tredje AP fonden trimmed its stake in Capital One Financial Co. (NYSE:COF) by 52.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 90,000 shares of the financial services provider’s stock after selling 100,000 shares during the period. Tredje AP fonden’s holdings in Capital One Financial were worth $12,460,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COF. Silicon Valley Capital Partners acquired a new stake in shares of Capital One Financial in the first quarter worth $25,000. LRI Investments LLC bought a new stake in Capital One Financial during the first quarter valued at about $25,000. Y.D. More Investments Ltd acquired a new stake in shares of Capital One Financial in the second quarter valued at about $28,000. Hobbs Group Advisors LLC bought a new position in shares of Capital One Financial in the second quarter worth about $29,000. Finally, Bartlett & CO. Wealth Management LLC lifted its position in shares of Capital One Financial by 726.7% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 218 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Price Performance

NYSE:COF opened at $145.10 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The firm has a market cap of $55.17 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 1.08 and a beta of 1.44. Capital One Financial Co. has a 12 month low of $88.23 and a 12 month high of $153.35. The company’s 50-day moving average price is $141.82 and its two-hundred day moving average price is $140.64.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The business had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period in the previous year, the firm earned $3.52 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Capital One Financial Co. will post 13.1 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.65%. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

Insider Activity

In related news, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the transaction, the insider now owns 73,734 shares in the company, valued at approximately $11,060,100. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the transaction, the insider now directly owns 73,734 shares of the company’s stock, valued at $11,060,100. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the sale, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 price target on shares of Capital One Financial in a research report on Thursday, July 25th. Bank of America upped their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Evercore ISI decreased their price target on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and upped their price objective for the company from $145.00 to $165.00 in a research report on Thursday, June 6th. Finally, BTIG Research initiated coverage on shares of Capital One Financial in a research note on Friday, June 7th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $145.89.

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.