44,358 Capital One Financial Corporation $COF Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 49.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 134,009 shares of the financial services provider’s stock after acquiring an additional 44,358 shares during the quarter. State of Alaska Department of Revenue’s holdings in Capital One Financial were worth $25,873,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bell Investment Advisors Inc increased its position in shares of Capital One Financial by 17.8% during the first quarter. Bell Investment Advisors Inc now owns 344 shares of the financial services provider’s stock valued at $63,000 after buying an additional 52 shares during the period. Turtle Creek Wealth Advisors LLC raised its stake in Capital One Financial by 1.6% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 3,462 shares of the financial services provider’s stock worth $632,000 after buying an additional 53 shares in the last quarter. Louisbourg Investments Inc. lifted its holdings in Capital One Financial by 6.7% in the first quarter. Louisbourg Investments Inc. now owns 870 shares of the financial services provider’s stock worth $159,000 after buying an additional 55 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Capital One Financial by 3.1% in the second quarter. Revolve Wealth Partners LLC now owns 2,014 shares of the financial services provider’s stock worth $404,000 after buying an additional 60 shares during the period. Finally, North Dakota State Investment Board boosted its position in Capital One Financial by 0.3% during the 2nd quarter. North Dakota State Investment Board now owns 18,272 shares of the financial services provider’s stock valued at $3,666,000 after acquiring an additional 62 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Insider Transactions at Capital One Financial

In other Capital One Financial news, CAO Timothy Golden sold 3,487 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total value of $735,757.00. Following the completion of the transaction, the chief accounting officer owned 7,429 shares of the company’s stock, valued at approximately $1,567,519. The trade was a 31.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ravi Raghu sold 9,726 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the transaction, the insider owned 26,328 shares in the company, valued at $5,523,087.84. This represents a 26.98% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 33,850 shares of company stock valued at $7,167,152. Insiders own 0.78% of the company’s stock.

Capital One Financial Stock Up 1.9%

COF stock traded up $3.61 during trading on Thursday, hitting $197.96. 2,271,173 shares of the stock traded hands, compared to its average volume of 4,626,130. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64. The firm’s 50 day moving average is $208.80 and its two-hundred day moving average is $200.06. The stock has a market cap of $121.45 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 0.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. The company had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the previous year, the business earned $5.48 EPS. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 20.36 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a $0.80 dividend. The ex-dividend date was Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial’s payout ratio is currently 19.80%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on COF shares. BTIG Research lifted their price target on Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. TD Cowen decreased their price objective on Capital One Financial from $253.00 to $242.00 and set a “buy” rating for the company in a report on Tuesday, October 6th. Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Deutsche Bank Aktiengesellschaft set a $245.00 target price on shares of Capital One Financial in a report on Thursday, August 20th. Finally, BMO Capital Markets assumed coverage on shares of Capital One Financial in a report on Friday, October 9th. They set a “market perform” rating and a $219.00 target price on the stock. Twenty analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $255.04.

Capital One Financial Profile

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.