Teacher Retirement System of Texas Grows Stake in Capital One Financial Corporation $COF

Teacher Retirement System of Texas grew its holdings in Capital One Financial Corporation (NYSE:COF) by 52.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 112,038 shares of the financial services provider’s stock after buying an additional 38,608 shares during the quarter. Teacher Retirement System of Texas’ holdings in Capital One Financial were worth $23,837,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of COF. Kingstone Capital Partners Texas LLC lifted its holdings in 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 worth $24,988,129,000 after buying an additional 117,427,549 shares during the period. Diamond Hill Capital Management Inc. purchased a new stake in Capital One Financial in the 1st quarter worth approximately $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Capital One Financial by 45.1% in 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 worth $838,609,000 after buying an additional 1,454,595 shares during the period. Bank of New York Mellon Corp lifted its holdings in Capital One Financial by 23.7% in the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock worth $889,519,000 after buying an additional 950,415 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Capital One Financial by 134.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,585,192 shares of the financial services provider’s stock worth $337,265,000 after buying an additional 907,803 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on COF shares. Morgan Stanley increased their price objective on Capital One Financial from $267.00 to $272.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft raised their target price on Capital One Financial from $224.00 to $240.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Barclays raised their target price on Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. UBS Group lowered their target price on Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Finally, BTIG Research restated a “buy” rating and issued a $264.00 target price on shares of Capital One Financial in a research note on Wednesday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $261.63.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the transaction, the insider 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following 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. Insiders sold a total of 13,184 shares of company stock valued at $2,799,248 in the last 90 days. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Stock Down 0.6%

COF stock opened at $223.59 on Tuesday. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The firm has a market cap of $142.99 billion, a PE ratio of 94.34, a price-to-earnings-growth ratio of 0.75 and a beta of 1.18. The business has a 50 day moving average of $219.53 and a 200 day moving average of $206.17.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share for the quarter, beating analysts’ consensus estimates of $4.25 by $1.70. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The company had revenue of $15.36 billion during the quarter, compared to analyst estimates of $15.06 billion. During the same quarter last year, the company earned $4.51 EPS. The firm’s revenue for the quarter was up 53.4% on a year-over-year basis. On average, research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

About Capital One Financial

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.