California State Teachers Retirement System Acquires 171,739,810 Shares of Capital One Financial Corporation $COF

California State Teachers Retirement System grew its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 18,518.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,667,214 shares of the financial services provider's stock after acquiring an additional 171,739,810 shares during the period. California State Teachers Retirement System owned about 28.15% of Capital One Financial worth $34,640,496,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after acquiring an additional 10,428 shares during the last quarter. Intech Investment Management LLC boosted its stake in Capital One Financial by 44.3% during the first quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider's stock valued at $1,608,000 after buying an additional 2,753 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Capital One Financial by 118.3% during the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider's stock valued at $702,000 after buying an additional 1,788 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in Capital One Financial during the 2nd quarter valued at approximately $218,000. Finally, Jump Financial LLC purchased a new position in Capital One Financial during the 2nd quarter valued at approximately $1,086,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Price Performance

COF opened at $219.43 on Tuesday. The business has a fifty day moving average of $212.15 and a 200 day moving average of $198.09. The stock has a market cap of $134.62 billion, a P/E ratio of 13.58, a PEG ratio of 0.81 and a beta of 1.02. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results 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 business had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business's revenue was up 26.9% compared to the same quarter last year. During the same quarter last year, the firm posted $5.48 earnings per share. As a group, sell-side analysts anticipate that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, August 17th. Capital One Financial's dividend payout ratio is currently 19.80%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on COF. Wolfe Research upped their price objective on Capital One Financial from $255.00 to $275.00 and gave the stock an "outperform" rating in a report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on shares of Capital One Financial in a report on Thursday, August 20th. Bank of America reduced their price target on shares of Capital One Financial from $234.00 to $231.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Weiss Ratings upgraded Capital One Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $215.00 to $245.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. Twenty-one investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $258.91.

Insiders Place Their Bets

In related news, insider Lia Dean sold 2,193 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $494,565.36. Following the transaction, the insider owned 63,261 shares of the company's stock, valued at $14,266,620.72. This represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $218.02, for a total value of $1,193,223.46. Following the transaction, the insider owned 27,992 shares in the company, valued at $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 29,767 shares of company stock worth $6,366,998. 0.78% of the stock is owned by company insiders.

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.

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