State of Michigan Retirement System Lowers Holdings in Capital One Financial Co. (NYSE:COF)

State of Michigan Retirement System decreased its holdings in Capital One Financial Co. (NYSE:COF) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 114,056 shares of the financial services provider’s stock after selling 3,700 shares during the quarter. State of Michigan Retirement System’s holdings in Capital One Financial were worth $14,955,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of COF. Cetera Investment Advisers raised its position in Capital One Financial by 25.3% in the 1st quarter. Cetera Investment Advisers now owns 7,940 shares of the financial services provider’s stock worth $1,042,000 after buying an additional 1,601 shares during the last quarter. Moors & Cabot Inc. raised its position in Capital One Financial by 9.2% in the 1st quarter. Moors & Cabot Inc. now owns 3,979 shares of the financial services provider’s stock worth $522,000 after buying an additional 335 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Capital One Financial by 11.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 303 shares during the period. Candriam Luxembourg S.C.A. grew its stake in shares of Capital One Financial by 4.1% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 43,094 shares of the financial services provider’s stock valued at $5,658,000 after purchasing an additional 1,698 shares during the period. Finally, Baird Financial Group Inc. grew its stake in shares of Capital One Financial by 4.2% during the 1st quarter. Baird Financial Group Inc. now owns 25,248 shares of the financial services provider’s stock valued at $3,315,000 after purchasing an additional 1,008 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

NYSE:COF opened at $144.40 on Wednesday. The stock’s fifty day moving average is $137.58 and its 200 day moving average is $120.24. Capital One Financial Co. has a fifty-two week low of $83.93 and a fifty-two week high of $149.27. The firm has a market capitalization of $54.93 billion, a PE ratio of 12.08, a PEG ratio of 1.29 and a beta of 1.48. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.01 and a current ratio of 1.01.

Capital One Financial (NYSE:COFGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $2.24 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.26). The business had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.45 billion. Capital One Financial had a net margin of 9.88% and a return on equity of 9.24%. On average, sell-side analysts anticipate that Capital One Financial Co. will post 13.82 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Friday, February 9th. Capital One Financial’s payout ratio is 20.08%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on COF shares. Piper Sandler boosted their price target on Capital One Financial from $126.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Barclays boosted their price target on Capital One Financial from $114.00 to $154.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Bank of America upgraded Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price target for the company from $112.00 to $129.00 in a research note on Wednesday, December 6th. Wolfe Research upgraded Capital One Financial from an “underperform” rating to a “peer perform” rating in a research note on Monday, January 29th. Finally, JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $131.00 to $134.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $131.55.

Read Our Latest Research Report on Capital One Financial

Capital One Financial Company Profile

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

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