Capital One Financial Corporation $COF Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in Capital One Financial Corporation (NYSE:COF) by 1.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 556,016 shares of the financial services provider’s stock after selling 9,979 shares during the period. New York State Teachers Retirement System’s holdings in Capital One Financial were worth $101,434,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Y Intercept Hong Kong Ltd acquired a new stake in Capital One Financial in the 1st quarter valued at $28,868,000. Bronte Capital Management Pty Ltd. raised its position in Capital One Financial by 6.7% in the first quarter. Bronte Capital Management Pty Ltd. now owns 187,369 shares of the financial services provider’s stock valued at $34,182,000 after purchasing an additional 11,829 shares during the period. Leonteq Securities AG lifted its stake in shares of Capital One Financial by 275.5% during the first quarter. Leonteq Securities AG now owns 15,303 shares of the financial services provider’s stock worth $2,792,000 after purchasing an additional 11,228 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Capital One Financial by 67.5% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 174,918 shares of the financial services provider’s stock worth $31,910,000 after purchasing an additional 70,497 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC boosted its position in shares of Capital One Financial by 18.1% in the first quarter. Elevation Point Wealth Partners LLC now owns 37,027 shares of the financial services provider’s stock worth $6,755,000 after buying an additional 5,669 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total transaction of $643,755.00. Following the completion of the transaction, the general counsel directly owned 97,194 shares in the company, valued at approximately $17,876,892.42. The trade was a 3.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the transaction, the insider owned 61,579 shares of the company’s stock, valued at $11,858,883.82. This trade represents a 2.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.78% of the stock is owned by company insiders.

Capital One Financial Stock Performance

COF stock opened at $204.94 on Friday. The stock’s 50 day simple moving average is $191.01 and its 200 day simple moving average is $204.84. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The firm has a market cap of $127.53 billion, a P/E ratio of 71.91, a P/E/G ratio of 0.74 and a beta of 1.02.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The business had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. During the same period in the prior year, the company earned $4.06 EPS. Capital One Financial’s quarterly revenue was up 52.3% on a year-over-year basis. As a group, equities research analysts predict that Capital One Financial Corporation will post 19.53 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a dividend of $0.80 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial’s dividend payout ratio is currently 112.28%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on COF shares. UBS Group lowered their target price on Capital One Financial from $283.00 to $270.00 in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reduced their price target on Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. upped their price target on Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Morgan Stanley lowered their price objective on shares of Capital One Financial from $300.00 to $273.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $260.19.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.