Illinois Municipal Retirement Fund Cuts Stake in Capital One Financial Corporation (NYSE:COF)

Illinois Municipal Retirement Fund cut its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 24.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,070 shares of the financial services provider's stock after selling 17,575 shares during the period. Illinois Municipal Retirement Fund's holdings in Capital One Financial were worth $9,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Norden Group LLC lifted its position in shares of Capital One Financial by 2.6% during the 4th quarter. Norden Group LLC now owns 2,010 shares of the financial services provider's stock valued at $358,000 after acquiring an additional 51 shares during the period. Quadrant Capital Group LLC increased its holdings in Capital One Financial by 1.0% in the 4th quarter. Quadrant Capital Group LLC now owns 5,247 shares of the financial services provider's stock valued at $936,000 after purchasing an additional 54 shares in the last quarter. Family Legacy Inc. grew its stake in shares of Capital One Financial by 0.8% during the fourth quarter. Family Legacy Inc. now owns 7,980 shares of the financial services provider's stock valued at $1,438,000 after acquiring an additional 60 shares in the last quarter. Opal Wealth Advisors LLC grew its stake in shares of Capital One Financial by 3.1% during the first quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock valued at $386,000 after acquiring an additional 64 shares in the last quarter. Finally, Pinion Investment Advisors LLC grew its stake in Capital One Financial by 4.0% in the fourth quarter. Pinion Investment Advisors LLC now owns 1,688 shares of the financial services provider's stock worth $301,000 after purchasing an additional 65 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

Capital One Financial stock traded up $0.66 during mid-day trading on Friday, reaching $211.17. The company's stock had a trading volume of 4,407,824 shares, compared to its average volume of 3,582,980. The firm's fifty day moving average price is $192.21 and its two-hundred day moving average price is $186.41. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.97 and a current ratio of 0.98. Capital One Financial Corporation has a 12-month low of $128.23 and a 12-month high of $212.82. The company has a market capitalization of $80.91 billion, a P/E ratio of 17.73, a PEG ratio of 0.93 and a beta of 1.13.

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, topping analysts' consensus estimates of $3.75 by $0.31. The company 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%. Sell-side analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Friday, May 23rd. Capital One Financial's payout ratio is 20.15%.

Insider Buying and Selling at Capital One Financial

In related news, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the sale, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Zamsky sold 9,560 shares of the 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 completion of the sale, the insider now directly owns 20,089 shares of the company's stock, valued at $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on COF shares. Truist Financial boosted their target price on Capital One Financial from $215.00 to $225.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Barclays reaffirmed an "overweight" rating and set a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. BTIG Research raised 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. Evercore ISI upgraded shares of Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price objective on the stock in a report on Wednesday, March 12th. Finally, Citigroup reduced their price target on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Four 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, Capital One Financial currently has an average rating of "Moderate Buy" and an average target price of $215.86.

Capital One Financial Company Profile

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.