VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 258,922 Capital One Financial Corporation $COF

Key Points

• Virginia Retirement Systems ET Al acquired 258,922 shares of Capital One Financial, valued at approximately $55 million, increasing its ownership to 0.07% as per the latest SEC filing.
• Capital One reported a significant increase in earnings per share (EPS) to $5.48 for the recent quarter, surpassing analysts’ expectations by $3.55.
• The company declared a quarterly dividend of $0.60 per share, indicating a payout ratio of 123.08%, while the dividend yield stands at 1.1%.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 258,922 shares of the financial services provider's stock, valued at approximately $55,088,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.07% of Capital One Financial as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in COF. Mutual of America Capital Management LLC grew its holdings in Capital One Financial by 65.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 73,355 shares of the financial services provider's stock valued at $15,607,000 after purchasing an additional 29,023 shares in the last quarter. Quotient Wealth Partners LLC boosted its position in Capital One Financial by 19.9% in the 2nd quarter. Quotient Wealth Partners LLC now owns 4,465 shares of the financial services provider's stock valued at $950,000 after buying an additional 740 shares during the last quarter. Aspiriant LLC grew its stake in shares of Capital One Financial by 29.8% during the second quarter. Aspiriant LLC now owns 3,778 shares of the financial services provider's stock valued at $804,000 after acquiring an additional 867 shares in the last quarter. Private Wealth Management Group LLC increased its position in shares of Capital One Financial by 62.7% during the second quarter. Private Wealth Management Group LLC now owns 257 shares of the financial services provider's stock worth $55,000 after acquiring an additional 99 shares during the last quarter. Finally, Hoese & Co LLP acquired a new position in shares of Capital One Financial in the second quarter worth about $43,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

Shares of COF stock opened at $211.25 on Friday. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. 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 firm has a market capitalization of $135.10 billion, a price-to-earnings ratio of 108.33, a price-to-earnings-growth ratio of 0.76 and a beta of 1.18. The business has a 50 day simple moving average of $219.01 and a 200 day simple moving average of $203.37.

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

Capital One Financial Announces Dividend

The business also recently declared 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 dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's payout ratio is 123.08%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. reduced their target price on Capital One Financial from $248.00 to $235.00 and set a "neutral" rating for the company in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Capital One Financial from $215.00 to $224.00 and gave the company a "hold" rating in a report on Thursday, October 2nd. Wall Street Zen raised shares of Capital One Financial from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Evercore ISI upped their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Tuesday, September 30th. Finally, Robert W. Baird increased their price target on shares of Capital One Financial from $240.00 to $245.00 and gave the stock an "outperform" rating in a research report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $252.78.

Insider Activity at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the transaction, the general counsel directly owned 98,486 shares in the company, valued at $20,878,047.14. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,298 shares of company stock valued at $5,103,824 over the last quarter. Corporate insiders own 1.26% of the company's stock.

Capital One Financial 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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