Capital One Financial Corporation $COF Shares Acquired by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board increased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 67.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,752 shares of the financial services provider’s stock after purchasing an additional 11,935 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Capital One Financial were worth $6,330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC lifted its stake in shares of Capital One Financial by 588,668.3% in the 2nd 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. Diamond Hill Capital Management Inc. purchased a new stake in Capital One Financial during the 1st quarter worth $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Capital One Financial by 45.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider’s stock worth $838,609,000 after acquiring an additional 1,454,595 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Capital One Financial by 23.7% during the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock valued at $889,519,000 after acquiring an additional 950,415 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Capital One Financial in the first quarter valued at about $141,599,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the sale, the general counsel directly owned 98,486 shares of the company’s stock, valued at $20,878,047.14. The trade was a 1.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares of the company’s stock, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,184 shares of company stock worth $2,799,248. 1.26% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Citigroup lifted their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. BTIG Research restated a “buy” rating and issued a $264.00 target price on shares of Capital One Financial in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective on Capital One Financial from $215.00 to $224.00 and gave the stock a “hold” rating in a research note on Thursday, October 2nd. Finally, Evercore ISI boosted their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $259.16.

Capital One Financial Trading Up 1.4%

Shares of COF stock opened at $220.17 on Thursday. The firm’s fifty day simple moving average is $219.21 and its 200 day simple moving average is $204.30. The firm has a market capitalization of $140.80 billion, a P/E ratio of 92.90, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $1.70. Capital One Financial had a return on equity of 12.18% and a net margin of 2.24%.The business had revenue of $15.36 billion for the quarter, compared to analysts’ expectations of $15.06 billion. During the same period in the previous year, the business posted $4.51 earnings per share. Capital One Financial’s quarterly revenue was up 53.4% on a year-over-year basis. As a group, sell-side analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial’s payout ratio is currently 123.08%.

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.