Kentucky Retirement Systems Insurance Trust Fund Sells 9,406 Shares of Capital One Financial Corporation (NYSE:COF)

Kentucky Retirement Systems Insurance Trust Fund reduced its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 46.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,011 shares of the financial services provider's stock after selling 9,406 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Capital One Financial were worth $1,974,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lansforsakringar Fondforvaltning AB publ acquired a new stake in Capital One Financial in the 4th quarter valued at $91,780,000. Janney Montgomery Scott LLC increased its stake in Capital One Financial by 9.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 98,617 shares of the financial services provider's stock valued at $17,682,000 after buying an additional 8,651 shares during the last quarter. Geode Capital Management LLC increased its stake in Capital One Financial by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock valued at $1,467,393,000 after buying an additional 207,427 shares during the last quarter. Westbourne Investments Inc. acquired a new stake in Capital One Financial in the 4th quarter valued at $410,000. Finally, Lone Pine Capital LLC acquired a new stake in Capital One Financial in the 4th quarter valued at $577,012,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Capital One Financial

In other news, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the sale, the director now owns 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction that occurred 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 sale, the insider now directly owns 20,089 shares of the company's stock, valued at approximately $4,005,746.60. This trade represents a 32.24% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Capital One Financial Stock Performance

NYSE COF traded up $3.39 during trading on Monday, reaching $201.76. The company's stock had a trading volume of 3,526,708 shares, compared to its average volume of 3,569,595. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $77.30 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 0.84 and a beta of 1.13. Capital One Financial Corporation has a 12 month low of $128.23 and a 12 month high of $210.67. The firm has a 50 day moving average price of $188.46 and a 200 day moving average price of $185.75.

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 (EPS) for the quarter, beating analysts' consensus estimates of $3.75 by $0.31. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. As a group, equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial's dividend payout ratio is currently 20.15%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Royal Bank Of Canada set a $190.00 price objective 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. lowered their price objective on shares of Capital One Financial from $198.00 to $170.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Baird R W upgraded shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, Citigroup lowered their price objective 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. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $213.00.

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.