VIRGINIA RETIREMENT SYSTEMS ET Al Invests $5.34 Million in Capital One Financial Corporation $COF

Key Points

• Virginia Retirement Systems acquired 26,622 shares of Capital One Financial worth approximately $5.34 million during the second quarter. Institutional investors collectively own 89.84% of COF’s outstanding shares.
• Capital One reported quarterly earnings of $5.81 per share, exceeding analyst estimates of $4.79, while revenue rose 26.9% year over year to $15.83 billion.
• The company paid a quarterly dividend of $0.80 per share, equivalent to a $3.20 annualized payout and a 1.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $258.91.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Capital One Financial Corporation (NYSE:COF) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 26,622 shares of the financial services provider's stock, valued at approximately $5,341,000.

Several other institutional investors have also recently bought and sold shares of COF. First Command Advisory Services Inc. raised its holdings in shares of Capital One Financial by 4.5% in the fourth quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider's stock valued at $259,000 after purchasing an additional 46 shares during the last quarter. High Note Wealth LLC grew its position in Capital One Financial by 44.9% in the fourth quarter. High Note Wealth LLC now owns 155 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 48 shares in the last quarter. Fiducient Advisors LLC grew its position in Capital One Financial by 4.2% in the fourth quarter. Fiducient Advisors LLC now owns 1,196 shares of the financial services provider's stock valued at $290,000 after purchasing an additional 48 shares in the last quarter. Allen Capital Group LLC increased its stake in Capital One Financial by 4.2% in the 4th quarter. Allen Capital Group LLC now owns 1,230 shares of the financial services provider's stock valued at $298,000 after buying an additional 50 shares during the last quarter. Finally, Zhang Financial LLC increased its stake in Capital One Financial by 1.7% in the 4th quarter. Zhang Financial LLC now owns 3,050 shares of the financial services provider's stock valued at $739,000 after buying an additional 50 shares during the last quarter. Institutional investors own 89.84% of the company's stock.

Insider Buying and Selling

In other news, General Counsel Matthew Cooper sold 3,500 shares of the firm's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $214.10, for a total transaction of $749,350.00. Following the completion of the sale, the general counsel owned 83,194 shares in the company, valued at approximately $17,811,835.40. This trade represents a 4.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 sale, the insider directly owned 26,328 shares of the company's stock, valued at $5,523,087.84. The trade was a 26.98% decrease in their position. 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 29,767 shares of company stock valued at $6,366,998. 0.78% of the stock is currently owned by insiders.

Capital One Financial Stock Performance

COF opened at $214.10 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The business has a 50 day moving average of $212.42 and a 200-day moving average of $198.12. The stock has a market cap of $131.35 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 0.81 and a beta of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. During the same period in the previous year, the firm earned $5.48 EPS. The firm's revenue was up 26.9% compared to the same quarter last year. On average, equities research analysts expect that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, August 17th. Capital One Financial's payout ratio is currently 19.80%.

Analysts Set New Price Targets

A number of research firms have recently commented on COF. HSBC upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and increased their price objective for the stock from $226.00 to $229.00 in a research note on Sunday, July 12th. Barclays dropped their price objective on Capital One Financial from $242.00 to $240.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Capital One Financial in a report on Thursday, August 20th. TD Cowen lowered their target price on shares of Capital One Financial from $260.00 to $253.00 and set a "buy" rating on the stock in a report on Tuesday, July 7th. Finally, BTIG Research upped their price target on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a "buy" rating in a research report on Tuesday, June 30th. Twenty-one research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Capital One Financial currently has an average rating of "Moderate Buy" and a consensus price target of $258.91.

Capital One Financial Company Profile

Capital One Financial Corporation NYSE: COF is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

Capital One primarily serves customers in the United States, with additional operations and financial services activities in Canada and the United Kingdom.

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.