Arizona State Retirement System Raises Stock Position in Capital One Financial Corporation (NYSE:COF)

Arizona State Retirement System grew its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 1.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,880 shares of the financial services provider's stock after purchasing an additional 2,045 shares during the period. Arizona State Retirement System's holdings in Capital One Financial were worth $20,060,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of COF. Ballentine Partners LLC increased its stake in shares of Capital One Financial by 23.1% during the first quarter. Ballentine Partners LLC now owns 5,067 shares of the financial services provider's stock worth $909,000 after buying an additional 951 shares during the period. Cerity Partners LLC increased its stake in shares of Capital One Financial by 14.1% during the first quarter. Cerity Partners LLC now owns 104,263 shares of the financial services provider's stock worth $18,694,000 after buying an additional 12,924 shares during the period. Allworth Financial LP increased its stake in shares of Capital One Financial by 3.5% during the first quarter. Allworth Financial LP now owns 5,286 shares of the financial services provider's stock worth $978,000 after buying an additional 178 shares during the period. Banque Pictet & Cie SA purchased a new stake in shares of Capital One Financial during the first quarter worth approximately $381,000. Finally, Axxcess Wealth Management LLC increased its stake in shares of Capital One Financial by 54.6% during the first quarter. Axxcess Wealth Management LLC now owns 9,628 shares of the financial services provider's stock worth $1,726,000 after buying an additional 3,400 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

COF stock opened at $219.86 on Friday. The company has a market capitalization of $84.24 billion, a P/E ratio of 18.46, a PEG ratio of 0.92 and a beta of 1.15. Capital One Financial Corporation has a twelve month low of $128.23 and a twelve month high of $221.95. The business has a 50 day simple moving average of $199.97 and a 200-day simple moving average of $189.02. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.31. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. As a group, equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Friday, May 23rd. Capital One Financial's payout ratio is currently 20.15%.

Insider Buying and Selling at Capital One Financial

In related news, insider Michael Zamsky sold 9,560 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the sale, the insider directly owned 20,089 shares of the company's stock, valued at $4,005,746.60. This trade represents a 32.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the sale, the director directly owned 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on COF shares. Citigroup cut their target price on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Royal Bank Of Canada set a $190.00 target price on shares of Capital One Financial and gave the stock a "sector perform" rating in a research note on Monday, April 14th. JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $210.00 to $245.00 and gave the stock a "neutral" rating in a research note on Friday. BTIG Research upgraded shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price target on the stock in a research note on Tuesday, March 25th. Finally, Barclays reiterated an "overweight" rating and issued a $253.00 price target (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $222.07.

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.

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