New Mexico Educational Retirement Board Has $6.33 Million Holdings in Capital One Financial Corporation $COF

New Mexico Educational Retirement Board boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 67.0% during the second quarter, Holdings Channel.com reports. The fund owned 29,752 shares of the financial services provider’s stock after acquiring an additional 11,935 shares during the period. New Mexico Educational Retirement Board’s holdings in Capital One Financial were worth $6,330,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in COF. Axiom Financial Strategies LLC boosted its holdings in shares of Capital One Financial by 13.3% in the 2nd quarter. Axiom Financial Strategies LLC now owns 1,725 shares of the financial services provider’s stock valued at $367,000 after purchasing an additional 203 shares in the last quarter. Forum Financial Management LP boosted its position in shares of Capital One Financial by 199.4% during the 2nd quarter. Forum Financial Management LP now owns 16,912 shares of the financial services provider’s stock valued at $3,598,000 after purchasing an additional 11,263 shares in the last quarter. Ethic Inc. boosted its stake in Capital One Financial by 115.3% during the second quarter. Ethic Inc. now owns 71,800 shares of the financial services provider’s stock worth $15,150,000 after acquiring an additional 38,448 shares in the last quarter. Caliber Wealth Management LLC KS bought a new stake in Capital One Financial in the 2nd quarter valued at about $207,000. Finally, Rehmann Capital Advisory Group lifted its holdings in shares of Capital One Financial by 49.5% in the 2nd quarter. Rehmann Capital Advisory Group now owns 16,958 shares of the financial services provider’s stock worth $3,608,000 after purchasing an additional 5,617 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Up 1.4%

NYSE:COF opened at $220.17 on Thursday. The firm has a market capitalization of $140.80 billion, a P/E ratio of 92.90, a P/E/G ratio of 0.78 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. The company has a fifty day moving average of $219.21 and a 200 day moving average of $204.30. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $1.70. The firm had revenue of $15.36 billion for the quarter, compared to analysts’ expectations of $15.06 billion. Capital One Financial had a net margin of 2.24% and a return on equity of 12.18%. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.51 earnings per share. On average, research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on COF shares. UBS Group cut their price target on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Truist Financial raised their price objective on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, September 12th. HSBC set a $218.00 price target on Capital One Financial and gave the stock a “hold” rating in a report on Friday, October 10th. Citigroup increased their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, Evercore ISI boosted their target price on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average price target of $259.16.

Insider Buying and Selling

In related news, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares of the company’s stock, valued at $1,889,786.36. This trade represents a 27.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the transaction, the general counsel owned 98,486 shares of the company’s stock, valued at $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,184 shares of company stock worth $2,799,248 in the last three months. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Company 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.