Strs Ohio Takes Position in Capital One Financial Corporation $COF

Key Points

• Strs Ohio acquired 137,299 shares of Capital One Financial, valued at approximately $24.6 million, during the first quarter.
• A number of analysts have increased their price targets for Capital One Financial, with Wells Fargo raising theirs from $225 to $265, and Truist Financial boosting theirs from $260 to $270.
• Insider sales included Michael Zamsky selling 5,515 shares at an average price of $209.59, indicating a 16.77% decrease in his ownership of the stock.

Strs Ohio acquired a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 137,299 shares of the financial services provider's stock, valued at approximately $24,618,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COF. WPG Advisers LLC acquired a new stake in shares of Capital One Financial in the first quarter valued at approximately $25,000. Saudi Central Bank acquired a new stake in shares of Capital One Financial in the first quarter valued at approximately $27,000. Beacon Capital Management LLC raised its holdings 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 valued at $32,000 after purchasing an additional 97 shares during the last quarter. Bogart Wealth LLC raised its holdings in shares of Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 243 shares during the last quarter. Finally, Motco raised its holdings in shares of Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 137 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on COF. Wells Fargo & Company lifted their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Barclays restated an "overweight" rating and set a $253.00 target price (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Finally, Truist Financial boosted their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and a consensus price target of $239.44.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares of the company's stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total transaction of $446,800.00. Following the transaction, the general counsel directly owned 100,486 shares of the company's stock, valued at approximately $22,448,572.40. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,298 shares of company stock valued at $4,679,844. 1.26% of the stock is owned by company insiders.

Capital One Financial Trading Down 0.3%

COF stock opened at $223.59 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The company has a fifty day moving average price of $217.89 and a two-hundred day moving average price of $196.49. Capital One Financial Corporation has a one year low of $137.64 and a one year high of $232.45. The stock has a market cap of $142.99 billion, a price-to-earnings ratio of 114.66, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $12.72 billion. During the same period last year, the firm earned $3.14 earnings per share. The company's revenue for the quarter was up 31.4% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's payout ratio is 123.08%.

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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