Capital One Financial Corporation $COF Position Increased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its holdings in Capital One Financial Corporation (NYSE:COF) by 68.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 55,311 shares of the financial services provider’s stock after buying an additional 22,567 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Capital One Financial were worth $11,768,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of COF. Kingstone Capital Partners Texas LLC raised its stake in 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 acquiring an additional 117,427,549 shares during the period. Diamond Hill Capital Management Inc. acquired a new stake in shares of Capital One Financial during the 1st quarter worth approximately $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of 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 purchasing an additional 1,454,595 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Capital One Financial by 23.7% during the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock valued at $889,519,000 after purchasing an additional 950,415 shares during the period. Finally, Nuveen LLC bought a new position in Capital One Financial during the 1st quarter worth $141,599,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Down 4.0%

Capital One Financial stock opened at $202.37 on Monday. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The stock has a market cap of $129.42 billion, a price-to-earnings ratio of 103.78, a PEG ratio of 0.74 and a beta of 1.18. The company’s 50-day moving average price is $219.02 and its two-hundred day moving average price is $202.43. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF) last posted 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 the consensus estimate of $12.72 billion. During the same quarter last year, the business earned $3.14 earnings per share. The company’s revenue was up 31.4% on a year-over-year basis. On average, analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders 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 annualized dividend and a dividend yield of 1.2%. Capital One Financial’s dividend payout ratio (DPR) is 123.08%.

Insider Transactions at Capital One Financial

In other news, insider Robert M. Alexander sold 10,114 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the sale, the insider owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value 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. This represents a 1.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,298 shares of company stock worth $5,103,824 over the last 90 days. 1.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on COF shares. UBS Group cut their target price on Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Robert W. Baird lifted their price objective on shares of Capital One Financial from $240.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. Truist Financial boosted their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Rothschild & Co Redburn started coverage on shares of Capital One Financial in a research report on Friday, August 1st. They issued a “buy” rating and a $290.00 target price for the company. Finally, The Goldman Sachs Group cut their price target on Capital One Financial from $276.00 to $266.00 and set a “buy” rating on the stock in a report on Friday, October 3rd. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $252.78.

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.