State Board of Administration of Florida Retirement System decreased its position in Capital One Financial Corp. (NYSE:COF) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 633,699 shares of the financial services provider’s stock after selling 10,660 shares during the period. State Board of Administration of Florida Retirement System owned about 0.13% of Capital One Financial worth $60,157,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Farmers National Bank acquired a new stake in shares of Capital One Financial in the second quarter valued at about $102,000. Integrated Investment Consultants LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at about $108,000. Kaizen Advisory LLC lifted its stake in shares of Capital One Financial by 161.0% in the second quarter. Kaizen Advisory LLC now owns 1,198 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 739 shares during the period. Sun Life Financial INC lifted its stake in shares of Capital One Financial by 518.3% in the second quarter. Sun Life Financial INC now owns 1,317 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 1,104 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Capital One Financial by 87.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,500 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 700 shares during the period. 88.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of COF opened at $87.27 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.02. The stock has a market cap of $42.72 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 0.72 and a beta of 1.27. Capital One Financial Corp. has a 12-month low of $84.94 and a 12-month high of $106.50.
Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, October 23rd. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.23. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.88 billion. Capital One Financial had a net margin of 11.84% and a return on equity of 11.01%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.42 earnings per share. As a group, research analysts anticipate that Capital One Financial Corp. will post 11.38 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Monday, November 12th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, November 8th. Capital One Financial’s payout ratio is currently 20.54%.
COF has been the subject of several recent analyst reports. Oppenheimer set a $116.00 price objective on shares of Capital One Financial and gave the company a “buy” rating in a research note on Thursday, July 19th. Zacks Investment Research upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research note on Tuesday, July 24th. UBS Group reduced their price objective on shares of Capital One Financial from $116.00 to $113.00 and set a “buy” rating for the company in a research note on Tuesday, August 7th. Sandler O’Neill raised their price objective on shares of Capital One Financial from $113.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, October 24th. Finally, Barclays reiterated a “buy” rating on shares of Capital One Financial in a research note on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $109.33.
Capital One Financial Company 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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