Capital One Financial Corporation (NYSE:COF) Shares Sold by Maryland State Retirement & Pension System

Key Points

• The Maryland State Retirement & Pension System reduced its stake in Capital One Financial Corporation by 12.5%, owning 17,701 shares worth approximately $3.17 million after selling 2,518 shares in the first quarter.
• Capital One reported earnings of $5.48 per share for the last quarter, significantly exceeding the consensus estimate of $1.93, with revenue up 31.4% year-over-year.
• The firm declared a quarterly dividend of $0.60, indicating an annualized dividend yield of 1.2%, despite a payout ratio of 123.08%.

Maryland State Retirement & Pension System lowered its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 12.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,701 shares of the financial services provider's stock after selling 2,518 shares during the quarter. Maryland State Retirement & Pension System's holdings in Capital One Financial were worth $3,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in Capital One Financial by 18.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock valued at $10,010,000 after buying an additional 9,374 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of Capital One Financial by 105.3% during the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock valued at $138,000 after buying an additional 394 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Capital One Financial by 15.3% in the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock valued at $1,776,000 after purchasing an additional 1,312 shares during the period. Mutual Advisors LLC purchased a new stake in shares of Capital One Financial in the first quarter valued at approximately $215,000. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new stake in Capital One Financial during the fourth quarter worth $91,780,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Trading Down 0.0%

Shares of COF stock traded down $0.08 during trading hours on Monday, hitting $208.15. 4,378,431 shares of the company were exchanged, compared to its average volume of 4,087,181. The firm has a market cap of $133.12 billion, a P/E ratio of 12.15, a P/E/G ratio of 0.82 and a beta of 1.16. Capital One Financial Corporation has a fifty-two week low of $131.55 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. The company has a 50 day simple moving average of $208.99 and a two-hundred day simple moving average of $193.15.

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

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 15th. Capital One Financial's payout ratio is currently 123.08%.

Analysts Set New Price Targets

COF has been the topic of several research reports. Truist Financial upped their target price on Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Bank of America raised their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Wells Fargo & Company increased their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, Rothschild & Co Redburn started coverage on shares of Capital One Financial in a research report on Friday, August 1st. They set a "buy" rating and a $290.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $238.81.

Insider Activity

In other news, insider Michael Zamsky sold 5,515 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total value 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 trade represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, the insider owned 68,707 shares of the company's stock, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

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.