State of New Jersey Common Pension Fund D Acquires 86,587 Shares of Capital One Financial Corporation $COF

State of New Jersey Common Pension Fund D grew its holdings in Capital One Financial Corporation (NYSE:COF) by 68.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 214,000 shares of the financial services provider’s stock after acquiring an additional 86,587 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Capital One Financial were worth $45,531,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC raised its position in Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after acquiring an additional 117,427,549 shares during the period. Vanguard Group Inc. raised its position in Capital One Financial by 1.6% in the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider’s stock worth $5,782,590,000 after acquiring an additional 506,105 shares during the period. Bank of New York Mellon Corp raised its position in shares of 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 purchasing an additional 950,415 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Capital One Financial by 18.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock valued at $854,647,000 after purchasing an additional 734,939 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Capital One Financial by 45.1% during the 1st 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 valued at $838,609,000 after purchasing an additional 1,454,595 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares of the company’s stock, valued at $5,735,220.76. This trade represents a 16.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,184 shares of company stock valued at $2,799,248 in the last three months. Corporate insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a research report on Wednesday. Robert W. Baird raised their price objective on shares of Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday. UBS Group decreased their price objective on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Redburn Atlantic upgraded shares of Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Capital One Financial in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $260.79.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $224.93 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.03. The company has a market cap of $143.85 billion, a P/E ratio of 94.91, a P/E/G ratio of 0.77 and a beta of 1.18. The firm’s fifty day moving average is $219.38 and its two-hundred day moving average is $205.25. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results 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. The company had revenue of $15.36 billion for the quarter, compared to the consensus estimate of $15.06 billion. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. Capital One Financial’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.51 EPS. As a group, analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is presently 101.27%.

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.