Capital One Financial Corporation $COF Shares Bought by Maryland State Retirement & Pension System

Key Points

• The Maryland State Retirement & Pension System increased its holdings in Capital One Financial by 72.6% during the second quarter, now owning approximately $6.5 million worth of shares.
• Capital One Financial reported an EPS of $5.48 for the latest quarter, significantly surpassing expectations, while revenue reached $12.49 billion, a 31.4% year-over-year increase.
• Institutional investors now own 89.84% of Capital One's stock, with multiple hedge funds recently adjusting their stakes, indicating strong institutional interest.

Maryland State Retirement & Pension System grew its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 72.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,552 shares of the financial services provider's stock after purchasing an additional 12,851 shares during the period. Maryland State Retirement & Pension System's holdings in Capital One Financial were worth $6,500,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. WPG Advisers LLC acquired a new stake in shares of Capital One Financial in the first quarter valued at $25,000. Moisand Fitzgerald Tamayo LLC raised its stake in shares of Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 62 shares in the last quarter. Olistico Wealth LLC raised its stake in shares of Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 101 shares in the last quarter. Saudi Central Bank acquired a new stake in shares of Capital One Financial in the first quarter valued at $27,000. Finally, RMG Wealth Management LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at $27,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

Shares of COF stock opened at $210.50 on Friday. The stock's 50-day moving average is $219.12 and its two-hundred day moving average is $201.98. The firm has a market cap of $134.62 billion, a price-to-earnings ratio of 107.95, a PEG ratio of 0.78 and a beta of 1.18. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The business's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.14 EPS. Analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is presently 123.08%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at approximately $1,889,786.36. The trade was a 27.81% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on COF shares. Deutsche Bank Aktiengesellschaft increased their price objective on Capital One Financial from $215.00 to $224.00 and gave the company a "hold" rating in a research note on Thursday, October 2nd. Wall Street Zen upgraded Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Keefe, Bruyette & Woods raised their price target on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company raised their price target on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. cut their price target on Capital One Financial from $248.00 to $235.00 and set a "neutral" rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Capital One Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $250.44.

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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