Louisiana State Employees Retirement System Grows Stock Position in Capital One Financial Corporation $COF

Louisiana State Employees Retirement System boosted its position in Capital One Financial Corporation (NYSE:COF) by 64.4% in the 2nd quarter, Holdings Channel reports. The firm owned 33,700 shares of the financial services provider’s stock after acquiring an additional 13,200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Capital One Financial were worth $7,170,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in COF. Kingstone Capital Partners Texas LLC grew its holdings in shares of Capital One Financial by 588,668.3% during 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 buying an additional 117,427,549 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new position in Capital One Financial during the first quarter worth about $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Capital One Financial by 45.1% during the first 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 acquiring an additional 1,454,595 shares during the last quarter. Bank of New York Mellon Corp lifted its stake 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 purchasing an additional 950,415 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Capital One Financial in the 1st quarter worth approximately $141,599,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $213.39 on Wednesday. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The business’s fifty day simple moving average is $219.29 and its 200-day simple moving average is $201.70. The firm has a market cap of $136.46 billion, a PE ratio of 109.43, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analysts’ expectations of $12.72 billion. The firm’s quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.14 earnings per share. Equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on COF shares. The Goldman Sachs Group decreased their target price on shares of Capital One Financial from $276.00 to $266.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Redburn Atlantic raised Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. Robert W. Baird upped their target price on Capital One Financial from $240.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. Truist Financial upped their target price on Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, September 12th. Finally, Royal Bank Of Canada boosted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $250.44.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were 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 approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,298 shares of company stock worth $5,103,824. Company insiders own 1.26% of the company’s stock.

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.