Avanza Fonder AB Buys 5,653 Shares of Capital One Financial Corporation $COF

Avanza Fonder AB raised its position in shares of Capital One Financial Corporation (NYSE:COF) by 13.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,881 shares of the financial services provider’s stock after acquiring an additional 5,653 shares during the quarter. Avanza Fonder AB’s holdings in Capital One Financial were worth $9,966,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC boosted its position in shares of Capital One Financial by 588,668.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after purchasing an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. raised its holdings in Capital One Financial by 74.8% in the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after purchasing an additional 24,129,990 shares in the last quarter. State Street Corp lifted its position in Capital One Financial by 63.4% during the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after buying an additional 10,776,843 shares during the period. Norges Bank bought a new stake in shares of Capital One Financial during the 2nd quarter valued at $1,701,511,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Capital One Financial by 64.1% during the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after buying an additional 5,474,328 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on COF shares. Cowen reiterated a “buy” rating on shares of Capital One Financial in a research note on Wednesday, November 26th. Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Truist Financial raised their target price on shares of Capital One Financial from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Morgan Stanley reiterated an “overweight” rating and set a $280.00 target price on shares of Capital One Financial in a report on Tuesday, December 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Capital One Financial from $240.00 to $263.00 and gave the stock a “hold” rating in a research note on Wednesday, December 17th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $265.25.

Insider Activity at Capital One Financial

In other news, insider Celia Karam sold 2,936 shares of Capital One Financial stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $218.15, for a total transaction of $640,488.40. Following the transaction, the insider directly owned 63,433 shares of the company’s stock, valued at $13,837,908.95. The trade was a 4.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Neal Blinde sold 43,200 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total value of $9,583,056.00. Following the transaction, the insider owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. This trade represents a 37.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 280,218 shares of company stock valued at $62,395,804 in the last ninety days. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $247.42 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $157.29 billion, a PE ratio of 104.40, a price-to-earnings-growth ratio of 0.57 and a beta of 1.16. The firm’s 50 day moving average price is $223.90 and its 200-day moving average price is $218.15. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $249.65.

Capital One Financial (NYSE:COF) last announced its earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. The business had revenue of $15.46 billion during the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. Equities research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a $0.80 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.3%. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s payout ratio is 135.02%.

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.