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

California State Teachers Retirement System cut its stake in Capital One Financial Corporation (NYSE:COF) by 2.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 927,404 shares of the financial services provider’s stock after selling 27,023 shares during the quarter. California State Teachers Retirement System’s holdings in Capital One Financial were worth $169,186,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Capital One Financial by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock worth $13,789,615,000 after buying an additional 360,071 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Capital One Financial by 5.4% in the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock valued at $3,023,795,000 after acquiring an additional 638,158 shares in the last quarter. Morgan Stanley lifted its position in shares of Capital One Financial by 3.9% in the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock valued at $2,103,196,000 after acquiring an additional 323,350 shares in the last quarter. Norges Bank acquired a new stake in shares of Capital One Financial in the fourth quarter worth approximately $2,089,803,000. Finally, Davis Selected Advisers boosted its stake in shares of Capital One Financial by 2.8% in the fourth quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock worth $2,087,878,000 after acquiring an additional 234,649 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Price Performance

COF stock opened at $212.31 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50 day simple moving average of $196.38 and a 200-day simple moving average of $199.56. The firm has a market capitalization of $132.12 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.77 and a beta of 1.02. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter last year, the firm earned $5.48 earnings per share. The business’s revenue for the quarter was up 26.9% on a year-over-year basis. Equities research analysts anticipate that Capital One Financial Corporation will post 20.13 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were paid a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is 19.80%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on COF. The Goldman Sachs Group dropped their price target on Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group lifted their target price on shares of Capital One Financial from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Barclays dropped their target price on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Finally, Rothschild & Co Redburn reduced their target price on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Twenty analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.14.

Insiders Place Their Bets

In other news, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $192.58, for a total transaction of $336,822.42. Following the transaction, the insider owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. The trade was a 2.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total transaction of $728,000.00. Following the completion of the sale, the general counsel directly owned 90,194 shares of the company’s stock, valued at $18,760,352. This represents a 3.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,749 shares of company stock valued at $1,708,577 over the last ninety days. Corporate insiders own 0.78% of the company’s stock.

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.