Skandinaviska Enskilda Banken AB publ Buys 4,000 Shares of Capital One Financial Co. (NYSE:COF)

Skandinaviska Enskilda Banken AB publ boosted its stake in Capital One Financial Co. (NYSE:COF) by 5.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,975 shares of the financial services provider’s stock after purchasing an additional 4,000 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Capital One Financial were worth $11,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of COF. AE Wealth Management LLC raised its position in shares of Capital One Financial by 11.0% during the 2nd quarter. AE Wealth Management LLC now owns 19,150 shares of the financial services provider’s stock valued at $2,651,000 after buying an additional 1,899 shares in the last quarter. King Luther Capital Management Corp bought a new position in Capital One Financial in the second quarter valued at $205,000. Bridges Investment Management Inc. raised its position in Capital One Financial by 10.7% during the second quarter. Bridges Investment Management Inc. now owns 10,795 shares of the financial services provider’s stock valued at $1,495,000 after purchasing an additional 1,045 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Capital One Financial by 103.3% during the second quarter. Canada Pension Plan Investment Board now owns 444,210 shares of the financial services provider’s stock valued at $61,501,000 after purchasing an additional 225,700 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in Capital One Financial by 6.4% during the second quarter. Benjamin Edwards Inc. now owns 1,693 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 102 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Capital One Financial

In other news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the transaction, the chief executive officer now owns 40,934 shares in the company, valued at approximately $5,438,491.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the transaction, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of the business’s stock in a transaction on 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 sale, the insider now owns 73,734 shares in the company, valued at approximately $11,060,100. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on COF shares. Royal Bank of Canada reissued a “sector perform” rating and set a $150.00 price objective on shares of Capital One Financial in a report on Thursday, July 25th. Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $145.00 to $165.00 in a research report on Thursday, June 6th. BTIG Research initiated coverage on shares of Capital One Financial in a report on Friday, June 7th. They issued a “neutral” rating for the company. Bank of America increased their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Evercore ISI decreased their target price 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. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $147.21.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $152.28 on Friday. The business has a 50 day moving average of $142.56 and a 200 day moving average of $140.90. Capital One Financial Co. has a 52 week low of $88.23 and a 52 week high of $153.36. The company has a market cap of $57.90 billion, a PE ratio of 11.92, a P/E/G ratio of 1.08 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) last issued its quarterly earnings data 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). The company had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.52 earnings per share. As a group, equities research analysts forecast that Capital One Financial Co. will post 13.1 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 annualized dividend and a yield of 1.58%. Capital One Financial’s payout ratio is 18.79%.

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.