Capital One Financial Corporation $COF Shares Sold by Arizona State Retirement System

Arizona State Retirement System decreased its position in Capital One Financial Corporation (NYSE:COF) by 4.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 165,992 shares of the financial services provider’s stock after selling 8,197 shares during the quarter. Arizona State Retirement System’s holdings in Capital One Financial were worth $33,301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of COF. Evolution Wealth Management Inc. boosted its holdings in shares of Capital One Financial by 529.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 90 shares during the last quarter. Solstein Capital LLC acquired a new position in Capital One Financial during the second quarter valued at approximately $26,000. VSM Wealth Advisory LLC purchased a new stake in Capital One Financial during the fourth quarter worth approximately $27,000. Cherry Tree Wealth Management LLC grew its stake in Capital One Financial by 1,312.5% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after buying an additional 105 shares during the period. Finally, Ballast Advisors LLC acquired a new stake in shares of Capital One Financial in the first quarter worth $27,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on COF shares. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Wolfe Research increased their price target on Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Piper Sandler initiated coverage on 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. Finally, Weiss Ratings upgraded Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average target price of $258.91.

Capital One Financial Stock Down 2.5%

Capital One Financial stock traded down $5.50 during midday trading on Tuesday, hitting $214.10. 2,985,562 shares of the stock were exchanged, compared to its average volume of 4,787,261. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $131.35 billion, a P/E ratio of 13.25, a P/E/G ratio of 0.81 and a beta of 1.02. The company has a 50 day moving average price of $212.15 and a two-hundred day moving average price of $198.09.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. The company had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the prior year, the company posted $5.48 EPS. On average, sell-side analysts predict that Capital One Financial Corporation will post 20.29 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a $0.80 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s dividend payout ratio is currently 19.80%.

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $214.10, for a total transaction of $749,350.00. Following the completion of the sale, the general counsel owned 83,194 shares of the company’s stock, valued at approximately $17,811,835.40. This trade represents a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the sale, the insider directly owned 27,992 shares in the company, valued at $6,102,815.84. This represents a 16.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 29,767 shares of company stock worth $6,366,998 over the last quarter. Corporate 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.