Teacher Retirement System of Texas boosted its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 226.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,430 shares of the financial services provider's stock after purchasing an additional 50,907 shares during the quarter. Teacher Retirement System of Texas' holdings in Capital One Financial were worth $13,166,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Capital One Financial by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider's stock valued at $5,660,736,000 after acquiring an additional 234,863 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Capital One Financial by 3.2% in the 4th quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider's stock valued at $1,911,387,000 after acquiring an additional 331,595 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Capital One Financial by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock valued at $1,467,393,000 after acquiring an additional 207,427 shares during the last quarter. FMR LLC increased its holdings in shares of Capital One Financial by 21.6% in the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock valued at $1,440,449,000 after acquiring an additional 1,436,935 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Capital One Financial by 21.8% in the 4th quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock valued at $790,564,000 after acquiring an additional 793,765 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on COF shares. Baird R W upgraded Capital One Financial from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. Wells Fargo & Company increased their price objective on Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. BTIG Research upgraded Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective on the stock in a report on Tuesday, March 25th. Truist Financial increased their price objective on Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a report on Friday, April 25th. Finally, Barclays reissued an "overweight" rating and issued a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and an average target price of $215.86.
Read Our Latest Stock Analysis on Capital One Financial
Insider Buying and Selling
In other news, insider Michael Zamsky sold 9,560 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the transaction, the insider directly owned 20,089 shares of the company's stock, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director directly owned 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company's stock.
Capital One Financial Stock Performance
Capital One Financial stock traded down $2.84 during mid-day trading on Monday, reaching $218.07. 2,741,840 shares of the company were exchanged, compared to its average volume of 3,608,523. Capital One Financial Corporation has a twelve month low of $128.23 and a twelve month high of $221.95. The firm's 50-day simple moving average is $197.07 and its two-hundred day simple moving average is $188.01. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.97 and a current ratio of 0.98. The firm has a market cap of $83.55 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 0.93 and a beta of 1.15.
Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. The company had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.07 billion. Equities analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.
Capital One Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Friday, May 23rd. Capital One Financial's dividend payout ratio (DPR) is 20.15%.
About Capital One Financial
(
Free Report)
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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