Capital One Financial Corporation $COF Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 28.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,941 shares of the financial services provider’s stock after selling 23,549 shares during the period. Illinois Municipal Retirement Fund’s holdings in Capital One Financial were worth $12,742,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Atlantic Edge Private Wealth Management LLC raised its position in Capital One Financial by 66.7% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 50 shares in the last quarter. Solstein Capital LLC acquired a new position in shares of Capital One Financial during the 2nd quarter worth $28,000. Roble Belko & Company Inc purchased a new position in shares of Capital One Financial in the 2nd quarter valued at about $28,000. FNY Investment Advisers LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at about $28,000. Finally, Howard Hughes Medical Institute purchased a new stake in Capital One Financial during the second quarter worth about $29,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Down 3.6%

COF opened at $206.72 on Friday. The firm has a market cap of $131.41 billion, a P/E ratio of 69.84, a PEG ratio of 0.63 and a beta of 1.14. The business’s fifty day simple moving average is $234.80 and its 200 day simple moving average is $223.52. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $259.64. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). The firm had revenue of $15.62 billion during the quarter, compared to analyst estimates of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The company’s revenue for the quarter was up 53.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.67 EPS. As a group, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, February 19th. Capital One Financial’s payout ratio is presently 108.11%.

Insiders Place Their Bets

In other Capital One Financial news, insider Celia Karam sold 2,936 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $218.15, for a total transaction of $640,488.40. Following the transaction, the insider owned 63,433 shares of the company’s stock, valued at $13,837,908.95. This represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Lia Dean sold 3,284 shares of Capital One Financial stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total value of $734,565.12. Following the completion of the sale, the insider directly owned 70,162 shares of the company’s stock, valued at approximately $15,693,836.16. This represents a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 34,274 shares of company stock valued at $8,131,054. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on COF shares. HSBC dropped their target price on shares of Capital One Financial from $234.00 to $226.00 and set a “hold” rating for the company in a report on Tuesday, January 20th. Wells Fargo & Company lifted their price objective on Capital One Financial from $265.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Zacks Research cut Capital One Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Robert W. Baird boosted their price objective on shares of Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $274.70.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.