Teacher Retirement System of Texas Acquires 38,608 Shares of Capital One Financial Corporation $COF

Teacher Retirement System of Texas grew its holdings in Capital One Financial Corporation (NYSE:COF) by 52.6% in the second quarter, Holdings Channel reports. The firm owned 112,038 shares of the financial services provider’s stock after buying an additional 38,608 shares during the quarter. Teacher Retirement System of Texas’ holdings in Capital One Financial were worth $23,837,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of COF. Kingstone Capital Partners Texas LLC increased its holdings in shares of Capital One Financial by 588,668.3% in the 2nd 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 purchasing an additional 117,427,549 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new stake in shares of Capital One Financial in the 1st quarter worth $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Capital One Financial by 45.1% in 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 period. Bank of New York Mellon Corp grew its holdings in shares of Capital One Financial by 23.7% in the first 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 acquiring an additional 950,415 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Capital One Financial by 134.0% in the second quarter. Envestnet Asset Management Inc. now owns 1,585,192 shares of the financial services provider’s stock worth $337,265,000 after acquiring an additional 907,803 shares during the period. Institutional investors own 89.84% of the company’s stock.

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was 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 in the company, valued at $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the transaction, the insider owned 27,364 shares in the company, valued at $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,184 shares of company stock worth $2,799,248 over the last ninety days. Corporate insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on COF. Keefe, Bruyette & Woods lifted their price objective on Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada lifted their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 23rd. Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. TD Cowen lifted their price objective on Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Finally, Redburn Atlantic raised Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. Three research 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Capital One Financial Price Performance

NYSE COF opened at $223.59 on Tuesday. The company has a market capitalization of $142.99 billion, a PE ratio of 94.34, a price-to-earnings-growth ratio of 0.75 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The business’s fifty day moving average is $219.53 and its 200 day moving average is $206.17. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share for the quarter, beating the consensus estimate of $4.25 by $1.70. The company had revenue of $15.36 billion for the quarter, compared to the consensus estimate of $15.06 billion. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.Capital One Financial’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the previous year, the business earned $4.51 earnings per share. Sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

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.