Public Employees Retirement System of Ohio Acquires 106,523 Shares of Capital One Financial Corporation $COF

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Capital One Financial by 56.8%, acquiring an additional 106,523 shares, bringing its total holdings to 294,145 shares valued at approximately $62.58 million.
• Capital One reported $5.48 EPS for the last quarter, significantly exceeding analysts' expectations of $1.93, with a revenue of $12.49 billion.
• Analysts have provided positive ratings for Capital One, with Barclays setting a new target price of $253.00 and three analysts rating the stock as a Strong Buy.

Public Employees Retirement System of Ohio grew its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 56.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 294,145 shares of the financial services provider's stock after acquiring an additional 106,523 shares during the period. Public Employees Retirement System of Ohio owned 0.08% of Capital One Financial worth $62,582,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WPG Advisers LLC purchased a new stake in shares of Capital One Financial in the first quarter worth $25,000. Saudi Central Bank purchased a new stake in shares of Capital One Financial in the first quarter worth $27,000. Beacon Capital Management LLC increased its stake in shares of Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after purchasing an additional 97 shares in the last quarter. Physician Wealth Advisors Inc. grew its stake in Capital One Financial by 1,200.0% during the second quarter. Physician Wealth Advisors Inc. now owns 156 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 144 shares in the last quarter. Finally, Nova Wealth Management Inc. grew its stake in Capital One Financial by 629.6% during the second quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 170 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

Capital One Financial stock opened at $223.00 on Wednesday. The firm has a 50-day moving average price of $218.93 and a 200-day moving average price of $198.36. The firm has a market capitalization of $142.61 billion, a PE ratio of 114.36, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results 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 during the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter last year, the business posted $3.14 EPS. Capital One Financial's revenue was up 31.4% compared to the same quarter last year. As a group, equities research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on COF. Barclays reaffirmed an "overweight" rating and set a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Citigroup raised their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Keefe, Bruyette & Woods lifted their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada lifted their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $239.44.

Insider Buying and Selling at Capital One Financial

In other news, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the sale, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the sale, the general counsel owned 100,486 shares of the company's stock, valued at approximately $22,448,572.40. This represents a 1.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is owned by company 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.

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