Public Employees Retirement System of Ohio Purchases Shares of 251,148 Capital One Financial Corporation $COF

Key Points

• Public Employees Retirement System of Ohio acquired 251,148 shares of Capital One Financial worth approximately $50.4 million. Institutional investors collectively own 89.84% of the company, with several major funds also initiating sizable positions.
• Capital One reported quarterly earnings of $5.81 per share, exceeding estimates of $4.79, while revenue rose 26.9% year over year to $15.83 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $258.91.
• The company declared a quarterly dividend of $0.80 per share, equivalent to an annualized $3.20 payout and a 1.5% yield. Insiders have sold 26,267 shares worth about $5.6 million over the past three months under pre-arranged trading plans.

Public Employees Retirement System of Ohio acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 251,148 shares of the financial services provider's stock, valued at approximately $50,385,000.

Several other large investors have also recently modified their holdings of COF. Norges Bank bought a new stake in shares of Capital One Financial in the 4th quarter worth approximately $2,089,803,000. Bank of America Corp DE bought a new position in shares of Capital One Financial during the second quarter valued at approximately $1,435,311,000. Legal & General Group Plc purchased a new stake in Capital One Financial in the second quarter worth $680,983,000. Berkshire Hathaway Inc purchased a new stake in Capital One Financial in the second quarter worth $601,860,000. Finally, Canada Pension Plan Investment Board bought a new stake in Capital One Financial in the second quarter valued at $482,718,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Trading Down 0.1%

Shares of NYSE COF opened at $216.91 on Friday. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64. The stock has a market cap of $133.07 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 0.80 and a beta of 1.02. The firm has a 50-day moving average of $210.04 and a 200 day moving average of $197.87. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. During the same quarter in the prior year, the business posted $5.48 EPS. The firm's quarterly revenue was up 26.9% compared to the same quarter last year. As a group, sell-side analysts expect that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial's dividend payout ratio is currently 19.80%.

Insider Activity

In other news, insider Lia Dean sold 2,193 shares of the firm's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the completion of the transaction, the insider directly owned 63,261 shares in the company, valued at $14,266,620.72. This trade represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of Capital One Financial stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the completion of the transaction, the insider directly owned 26,328 shares of the company's stock, valued at $5,523,087.84. This trade represents a 26.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 26,267 shares of company stock valued at $5,617,648. 0.78% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. HSBC upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and upped their price objective for the stock from $226.00 to $229.00 in a report on Sunday, July 12th. Bank of America reduced their price target on shares of Capital One Financial from $234.00 to $231.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. TD Cowen decreased their price target on shares of Capital One Financial from $260.00 to $253.00 and set a "buy" rating for the company in a research note on Tuesday, July 7th. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $215.00 to $245.00 and gave the company an "overweight" rating in a research report on Monday, July 13th. Finally, Wall Street Zen downgraded Capital One Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Twenty-one analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Capital One Financial currently has a consensus rating of "Moderate Buy" and an average price target of $258.91.

Capital One Financial Company Profile

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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