State Treasurer State of Michigan Decreases Position in Capital One Financial Corp. (COF)

State Treasurer State of Michigan trimmed its position in shares of Capital One Financial Corp. (NYSE:COF) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,548 shares of the financial services provider’s stock after selling 1,500 shares during the period. State Treasurer State of Michigan’s holdings in Capital One Financial were worth $13,532,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in COF. Trust Co. of Vermont grew its position in Capital One Financial by 2.0% during the 3rd quarter. Trust Co. of Vermont now owns 45,133 shares of the financial services provider’s stock worth $4,285,000 after acquiring an additional 904 shares during the last quarter. Timber Creek Capital Management LLC grew its position in Capital One Financial by 7.3% during the 3rd quarter. Timber Creek Capital Management LLC now owns 54,005 shares of the financial services provider’s stock worth $5,126,000 after acquiring an additional 3,690 shares during the last quarter. Cornell Pochily Investment Advisors Inc. grew its position in Capital One Financial by 34.4% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 3,570 shares of the financial services provider’s stock worth $338,000 after acquiring an additional 914 shares during the last quarter. Russell Investments Group Ltd. grew its position in Capital One Financial by 8.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,065,735 shares of the financial services provider’s stock worth $101,258,000 after acquiring an additional 80,781 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in Capital One Financial by 19.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 634,735 shares of the financial services provider’s stock worth $60,257,000 after acquiring an additional 102,277 shares during the last quarter. 88.40% of the stock is currently owned by institutional investors.

Shares of COF stock opened at $85.75 on Friday. The company has a market capitalization of $42.23 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 0.72 and a beta of 1.28. Capital One Financial Corp. has a fifty-two week low of $84.94 and a fifty-two week high of $106.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.98 and a current ratio of 0.99.



Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $3.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.89 by $0.23. Capital One Financial had a return on equity of 11.01% and a net margin of 11.84%. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.88 billion. During the same period in the previous year, the company posted $2.42 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. Research analysts forecast that Capital One Financial Corp. will post 11.34 earnings per share for the current year.

In related news, insider Timothy P. Golden sold 4,073 shares of Capital One Financial stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $95.85, for a total transaction of $390,397.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.73% of the company’s stock.

COF has been the topic of several recent research reports. BMO Capital Markets raised their price target on Capital One Financial from $135.00 to $146.00 and gave the stock an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on Capital One Financial from $113.00 to $107.00 and set an “overweight” rating on the stock in a research report on Wednesday. Wells Fargo & Co lifted their price objective on Capital One Financial from $109.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. Oppenheimer upgraded Capital One Financial from a “market perform” rating to an “outperform” rating and set a $113.00 price objective on the stock in a research report on Monday, July 9th. Finally, Nomura cut their price objective on Capital One Financial from $109.00 to $98.00 and set a “neutral” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $109.57.

Capital One Financial Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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