LGT Fund Management Co Ltd. Has $1.01 Million Holdings in Capital One Financial Corporation $COF

LGT Fund Management Co Ltd. boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 246.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,538 shares of the financial services provider’s stock after purchasing an additional 3,938 shares during the period. LGT Fund Management Co Ltd.’s holdings in Capital One Financial were worth $1,010,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of COF. Swiss Life Asset Management Ltd boosted its position in Capital One Financial by 16.4% during the third quarter. Swiss Life Asset Management Ltd now owns 104,192 shares of the financial services provider’s stock valued at $22,149,000 after purchasing an additional 14,700 shares during the last quarter. Wealth Enhancement Trust Services Inc. acquired a new position in shares of Capital One Financial during the 4th quarter worth approximately $1,303,000. HighTower Advisors LLC increased its position in shares of Capital One Financial by 18.1% during the 4th quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock worth $85,739,000 after purchasing an additional 54,263 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Capital One Financial by 239.5% during the 4th quarter. Nordea Investment Management AB now owns 265,062 shares of the financial services provider’s stock worth $64,654,000 after purchasing an additional 186,988 shares in the last quarter. Finally, Global X Japan Co. Ltd. raised its stake in shares of Capital One Financial by 958.9% during the 4th quarter. Global X Japan Co. Ltd. now owns 36,192 shares of the financial services provider’s stock worth $8,771,000 after purchasing an additional 32,774 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Price Performance

NYSE:COF opened at $201.42 on Monday. The company has a market cap of $125.34 billion, a P/E ratio of 70.68, a P/E/G ratio of 0.73 and a beta of 1.02. The firm’s fifty day moving average price is $191.87 and its two-hundred day moving average price is $203.09. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The company had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business’s quarterly revenue was up 52.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.06 EPS. Equities analysts expect that Capital One Financial Corporation will post 19.55 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were given a dividend of $0.80 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is 112.28%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Piper Sandler initiated coverage on shares of Capital One Financial in a research note on Monday, June 29th. They issued an “overweight” rating and a $254.00 target price for the company. JPMorgan Chase & Co. upped their price target 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. Evercore cut their price target on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a research note on Monday, April 6th. Truist Financial decreased their price objective on shares of Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Finally, BTIG Research boosted their price objective on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Twenty equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.55.

Insider Activity at Capital One Financial

In other news, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the completion of the sale, the insider owned 61,579 shares in the company, valued at $11,858,883.82. The trade was a 2.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the transaction, the general counsel directly owned 90,194 shares in the company, valued at $18,760,352. The trade was a 3.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,749 shares of company stock valued at $1,708,577 over the last 90 days. Company insiders own 0.78% of the company’s stock.

Capital One Financial Profile

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.