Municipal Employees Retirement System of Michigan grew its holdings in shares of Capital One Financial Corp. (NYSE:COF) by 18.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,660 shares of the financial services provider’s stock after purchasing an additional 3,350 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Capital One Financial were worth $2,157,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in COF. Cerebellum GP LLC acquired a new position in shares of Capital One Financial during the 4th quarter valued at about $127,000. Delpha Capital Management LLC acquired a new position in shares of Capital One Financial during the 4th quarter valued at about $134,000. SeaCrest Wealth Management LLC acquired a new position in shares of Capital One Financial during the 4th quarter valued at about $141,000. Captrust Financial Advisors acquired a new position in shares of Capital One Financial during the 4th quarter valued at about $162,000. Finally, Camelot Portfolios LLC acquired a new position in shares of Capital One Financial during the 3rd quarter valued at about $201,000. 90.09% of the stock is currently owned by institutional investors.
Shares of Capital One Financial Corp. (NYSE:COF) opened at $99.36 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.08. The stock has a market cap of $47,680.45, a PE ratio of 28.80, a price-to-earnings-growth ratio of 0.88 and a beta of 1.34. Capital One Financial Corp. has a one year low of $76.05 and a one year high of $106.50.
Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.23). The business had revenue of $7 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Capital One Financial had a return on equity of 8.36% and a net margin of 6.89%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $1.45 earnings per share. sell-side analysts anticipate that Capital One Financial Corp. will post 9.73 EPS for the current fiscal year.
Capital One Financial announced that its board has authorized a share buyback program on Tuesday, December 26th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.61%. Capital One Financial’s dividend payout ratio (DPR) is presently 46.38%.
In other Capital One Financial news, CFO Richard Scott Blackley sold 10,000 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $98.12, for a total transaction of $981,200.00. Following the sale, the chief financial officer now directly owns 38,537 shares in the company, valued at $3,781,250.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann F. Hackett sold 7,000 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $98.00, for a total transaction of $686,000.00. Following the sale, the director now owns 65,011 shares in the company, valued at $6,371,078. The disclosure for this sale can be found here. Insiders have sold 799,155 shares of company stock worth $82,705,984 over the last quarter. Insiders own 1.73% of the company’s stock.
Several research analysts have recently weighed in on COF shares. Zacks Investment Research raised shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a research report on Thursday, January 4th. Barclays boosted their price target on shares of Capital One Financial from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Wells Fargo reissued an “outperform” rating and set a $112.00 price target (up previously from $102.00) on shares of Capital One Financial in a research report on Tuesday, January 9th. Compass Point raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price target for the company from $99.52 to $122.00 in a research report on Friday, December 22nd. Finally, Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a research report on Monday, December 18th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $107.00.
ILLEGAL ACTIVITY WARNING: “Municipal Employees Retirement System of Michigan Acquires 3,350 Shares of Capital One Financial Corp. (COF)” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/03/17/municipal-employees-retirement-system-of-michigan-acquires-3350-shares-of-capital-one-financial-corp-cof.html.
Capital One Financial Company Profile
Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.
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 Corp. (NYSE:COF).
Receive News & Ratings for Capital One Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial and related companies with MarketBeat.com's FREE daily email newsletter.