State of Michigan Retirement System boosted its position in shares of Capital One Financial Corp. (NYSE:COF) by 9.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,304 shares of the financial services provider’s stock after buying an additional 9,556 shares during the quarter. State of Michigan Retirement System’s holdings in Capital One Financial were worth $7,279,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of COF. Davis Selected Advisers boosted its stake in shares of Capital One Financial by 20.9% during the 1st quarter. Davis Selected Advisers now owns 15,994,663 shares of the financial services provider’s stock worth $806,451,000 after purchasing an additional 2,769,648 shares during the period. Aristotle Capital Management LLC grew its stake in shares of Capital One Financial by 3.5% during the first quarter. Aristotle Capital Management LLC now owns 6,461,272 shares of the financial services provider’s stock valued at $325,777,000 after buying an additional 217,936 shares during the last quarter. Pzena Investment Management LLC raised its holdings in shares of Capital One Financial by 1.6% in the first quarter. Pzena Investment Management LLC now owns 5,642,681 shares of the financial services provider’s stock worth $284,504,000 after buying an additional 90,944 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Capital One Financial by 7.4% during the 1st quarter. Bank of New York Mellon Corp now owns 4,742,096 shares of the financial services provider’s stock worth $239,096,000 after acquiring an additional 327,288 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Capital One Financial by 2.2% during the 1st quarter. Legal & General Group Plc now owns 3,156,697 shares of the financial services provider’s stock worth $159,896,000 after acquiring an additional 68,369 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.
COF opened at $63.80 on Friday. The firm has a market capitalization of $29.05 billion, a PE ratio of -172.43 and a beta of 1.75. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.96 and a quick ratio of 0.96. The business’s 50-day moving average is $64.43 and its two-hundred day moving average is $72.37. Capital One Financial Corp. has a 1 year low of $38.00 and a 1 year high of $107.59.
Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported ($2.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.25) by ($0.96). Capital One Financial had a net margin of 0.74% and a return on equity of 1.67%. The firm had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $6.88 billion. During the same quarter in the prior year, the business posted $3.24 earnings per share. As a group, sell-side analysts expect that Capital One Financial Corp. will post -2.26 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, August 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.63%. Capital One Financial’s dividend payout ratio is presently 13.23%.
In related news, insider Timothy P. Golden sold 3,334 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $57.63, for a total transaction of $192,138.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.47% of the stock is owned by company insiders.
A number of analysts have weighed in on COF shares. Morgan Stanley reduced their target price on Capital One Financial from $66.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 22nd. Royal Bank of Canada raised their price target on shares of Capital One Financial from $58.00 to $72.00 in a research note on Thursday, June 11th. Barclays reissued a “buy” rating and issued a $93.00 price objective on shares of Capital One Financial in a research report on Thursday, April 9th. Wolfe Research began coverage on shares of Capital One Financial in a research note on Friday. They issued an “outperform” rating on the stock. Finally, Zacks Investment Research raised shares of Capital One Financial from a “sell” rating to a “hold” rating and set a $69.00 price target for the company in a research note on Wednesday, May 27th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Capital One Financial currently has an average rating of “Buy” and an average price target of $85.47.
Capital One Financial Company Profile
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
Receive News & Ratings for Capital One Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial and related companies with MarketBeat.com's FREE daily email newsletter.