State of Michigan Retirement System Reduces Capital One Financial Co Share Holdings (NYSE:COF)

State of Michigan Retirement System reduced its holdings in shares of Capital One Financial Co. (NYSE:COF) by 1.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 112,656 shares of the financial services provider’s stock after selling 1,400 shares during the quarter. State of Michigan Retirement System’s holdings in Capital One Financial were worth $15,597,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of COF. Vanguard Group Inc. boosted its stake in Capital One Financial by 0.7% in the first quarter. Vanguard Group Inc. now owns 30,893,408 shares of the financial services provider’s stock worth $4,599,720,000 after purchasing an additional 226,720 shares in the last quarter. Capital Research Global Investors boosted its holdings in Capital One Financial by 72.8% in the first quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock worth $3,145,761,000 after purchasing an additional 8,900,241 shares during the period. Capital World Investors grew its position in Capital One Financial by 2.1% during the fourth quarter. Capital World Investors now owns 14,991,564 shares of the financial services provider’s stock valued at $1,965,761,000 after buying an additional 311,696 shares in the last quarter. Pzena Investment Management LLC grew its holdings in Capital One Financial by 1.6% in the fourth quarter. Pzena Investment Management LLC now owns 7,751,043 shares of the financial services provider’s stock valued at $1,016,317,000 after buying an additional 124,055 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in Capital One Financial by 18.8% in the first quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock worth $517,184,000 after acquiring an additional 549,665 shares during the period. Institutional investors own 89.84% of the company’s shares.

Capital One Financial Stock Performance

Shares of Capital One Financial opened at $142.52 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00, and a debt-to-equity ratio of 0.81. The stock’s fifty-day moving average price is $140.25 and its 200-day moving average price is $139.95. The firm has a market cap of $54.19 billion, a P/E ratio of 11.16, a P/E/G ratio of 1.13 and a beta of 1.45. Capital One Financial Co. has a 12-month low of $88.23 and a 12-month high of $153.35.

Capital One Financial (NYSE:COF – Get Free Report ) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.14). The business had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. Capital One Financial’s revenue for the quarter was up 5.5% year-over-year. During the same period in the previous year, the company posted EPS of $3.52. On average, equities research analysts expect that Capital One Financial Co. to post 13.17 earnings per share for the current fiscal year.

Capital One Financial announces dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 12. This represents an annualized dividend of $2.40 and a yield of 1.68%. Capital One Financial’s dividend payout ratio (DPR) is currently 18.79%.

Analysts set new price targets

Several equities analysts recently weighed in on COF shares. Bank of America upped their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Evercore ISI cut their price target on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. Royal Bank of Canada reissued a “sector perform” rating and set a $150.00 target price on shares of Capital One Financial in a research note on Thursday, July 25th. Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $145.00 to $165.00 in a research note on Thursday , June 6. Finally, JPMorgan Chase & Co. upped their target price on Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, July 8th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $145.89, based on data from MarketBeat.

Check out COF’s latest stock report

Insider Buying and Selling at Capital One Financial

In other news, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the sale, the insider now owns 73,734 shares in the company, valued at $11,060,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. In other news, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the transaction, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. The transaction was disclosed in a filing with the SEC, which is accessible via this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the transaction, the insider now owns 73,734 shares in the company, valued at approximately $11,060,100. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s shares.

Capital One Financial Profile

(Free Report)

Capital One Financial Corporation operates as the financial services holding company for Capital One, National Association, which is engaged 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.

See Also

Want to see what other hedge funds hold COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Capital One Financial Co. (NYSE:COF – Free Report).

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