Public Employees Retirement System of Ohio increased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 86.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 642,264 shares of the financial services provider’s stock after buying an additional 297,918 shares during the period. Public Employees Retirement System of Ohio owned 0.13% of Capital One Financial worth $54,374,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. South State Corp boosted its position in Capital One Financial by 9.2% during the 2nd quarter. South State Corp now owns 65,457 shares of the financial services provider’s stock worth $5,408,000 after buying an additional 5,510 shares during the period. Bank of Nova Scotia boosted its holdings in Capital One Financial by 70.8% during the 2nd quarter. Bank of Nova Scotia now owns 187,907 shares of the financial services provider’s stock worth $15,525,000 after acquiring an additional 77,861 shares during the last quarter. Quantbot Technologies LP purchased a new position in Capital One Financial during the 3rd quarter worth $1,635,000. Norinchukin Bank The boosted its holdings in Capital One Financial by 9.5% during the 3rd quarter. Norinchukin Bank The now owns 43,270 shares of the financial services provider’s stock worth $3,663,000 after acquiring an additional 3,743 shares during the last quarter. Finally, CNA Financial Corp boosted its holdings in Capital One Financial by 20.6% during the 2nd quarter. CNA Financial Corp now owns 31,827 shares of the financial services provider’s stock worth $2,630,000 after acquiring an additional 5,427 shares during the last quarter. 88.43% of the stock is owned by institutional investors and hedge funds.
In other news, insider Robert M. Alexander sold 76,354 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $94.84, for a total transaction of $7,241,413.36. Following the completion of the transaction, the insider now directly owns 89,603 shares in the company, valued at $8,497,948.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Slocum sold 8,292 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $91.99, for a total value of $762,781.08. Following the transaction, the insider now owns 53,613 shares of the company’s stock, valued at $4,931,859.87. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,868 shares of company stock valued at $12,378,192. 1.73% of the stock is owned by corporate insiders.
Shares of Capital One Financial Corporation (NYSE:COF) traded down $0.66 on Friday, reaching $94.06. The company’s stock had a trading volume of 2,001,500 shares, compared to its average volume of 2,590,345. The stock has a market capitalization of $45,914.97, a price-to-earnings ratio of 12.50, a P/E/G ratio of 1.41 and a beta of 1.28. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.06 and a current ratio of 1.07. Capital One Financial Corporation has a 1-year low of $76.05 and a 1-year high of $96.92.
Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.27. The business had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.81 billion. Capital One Financial had a return on equity of 8.25% and a net margin of 13.34%. Capital One Financial’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.03 earnings per share. equities research analysts anticipate that Capital One Financial Corporation will post 7.97 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Monday, November 13th were issued a $0.40 dividend. The ex-dividend date was Friday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.70%. Capital One Financial’s dividend payout ratio (DPR) is 22.63%.
COF has been the topic of a number of analyst reports. Robert W. Baird reaffirmed a “hold” rating and set a $84.00 price objective on shares of Capital One Financial in a report on Tuesday, September 5th. Morgan Stanley cut Capital One Financial from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $97.00 to $83.00 in a research report on Friday, September 8th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $106.00 price target on shares of Capital One Financial in a research report on Friday, September 15th. Zacks Investment Research cut Capital One Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Finally, Piper Jaffray Companies began coverage on Capital One Financial in a research report on Thursday, September 21st. They set an “underweight” rating and a $81.00 price target on the stock. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Capital One Financial currently has a consensus rating of “Hold” and a consensus price target of $96.24.
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Capital One Financial Profile
Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.
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