Public Employees Retirement System of Ohio Cuts Stock Position in Capital One Financial Co. (NYSE:COF)

Public Employees Retirement System of Ohio lessened its holdings in shares of Capital One Financial Co. (NYSE:COF) by 4.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 186,327 shares of the financial services provider’s stock after selling 8,600 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Capital One Financial were worth $33,226,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in COF. Vanguard Group Inc. lifted its holdings in Capital One Financial by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider’s stock worth $5,660,736,000 after buying an additional 234,863 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Capital One Financial by 3.2% in the fourth quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider’s stock worth $1,911,387,000 after acquiring an additional 331,595 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Capital One Financial by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider’s stock worth $1,467,393,000 after acquiring an additional 207,427 shares during the period. FMR LLC raised its stake in shares of Capital One Financial by 21.6% in the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock valued at $1,440,449,000 after acquiring an additional 1,436,935 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Capital One Financial by 21.8% in the fourth quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider’s stock valued at $790,564,000 after acquiring an additional 793,765 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 2.1%

Shares of NYSE:COF opened at $184.67 on Friday. The firm has a 50 day simple moving average of $177.91 and a 200-day simple moving average of $184.58. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $70.75 billion, a PE ratio of 15.93, a P/E/G ratio of 1.19 and a beta of 1.13.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, topping the consensus estimate of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. On average, equities analysts predict that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, May 23rd. Capital One Financial’s dividend payout ratio (DPR) is 20.15%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction on Monday, May 12th. The shares were sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director now directly owns 56,244 shares in the company, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 9,560 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the transaction, the insider now owns 20,089 shares in the company, valued at $4,005,746.60. This trade represents a 32.24% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on COF shares. Evercore ISI raised Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 target price for the company in a research note on Wednesday, March 12th. Robert W. Baird upgraded Capital One Financial from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $190.00 to $200.00 in a research note on Tuesday, March 11th. Truist Financial upped their target price on shares of Capital One Financial from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. JPMorgan Chase & Co. reduced their target price on shares of Capital One Financial from $198.00 to $170.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Finally, Royal Bank of Canada set a $190.00 price target on shares of Capital One Financial and gave the stock a “sector perform” rating in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus target price of $207.60.

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.