Louisiana State Employees Retirement System Boosts Stake in Capital One Financial Corporation $COF

Louisiana State Employees Retirement System grew its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 64.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,700 shares of the financial services provider's stock after buying an additional 13,200 shares during the period. Louisiana State Employees Retirement System's holdings in Capital One Financial were worth $7,170,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC grew its stake in Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock valued at $24,988,129,000 after purchasing an additional 117,427,549 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in shares of Capital One Financial during the first quarter worth about $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Capital One Financial by 45.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock worth $838,609,000 after purchasing an additional 1,454,595 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Capital One Financial by 23.7% during the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock worth $889,519,000 after purchasing an additional 950,415 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Capital One Financial during the first quarter worth about $141,599,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Trading Down 0.2%

Shares of Capital One Financial stock opened at $213.39 on Wednesday. The firm has a 50-day simple moving average of $219.29 and a two-hundred day simple moving average of $201.70. The company has a market cap of $136.46 billion, a P/E ratio of 109.43, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week 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 announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. During the same quarter in the prior year, the firm earned $3.14 EPS. Capital One Financial's revenue for the quarter was up 31.4% on a year-over-year basis. As a group, equities analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

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

Insiders Place Their Bets

In other news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction that occurred on 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 in the company, valued at $15,655,577.02. This trade represents a 12.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider owned 27,364 shares of the company's stock, valued at $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,298 shares of company stock worth $5,103,824. Corporate insiders own 1.26% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on COF shares. Truist Financial raised their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Capital One Financial from $215.00 to $224.00 and gave the stock a "hold" rating in a research note on Thursday, October 2nd. Citigroup upped their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Evercore ISI upped their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company an "outperform" rating in a report on Tuesday, September 30th. Finally, Barclays boosted their price objective on Capital One Financial from $253.00 to $257.00 and gave the company an "overweight" rating in a report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and an average price target of $250.44.

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.

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