California Public Employees Retirement System Has $255.73 Million Stake in Capital One Financial Corporation $COF

California Public Employees Retirement System lifted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 76.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,201,945 shares of the financial services provider’s stock after purchasing an additional 520,542 shares during the quarter. California Public Employees Retirement System owned 0.19% of Capital One Financial worth $255,726,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of COF. Cary Street Partners Financial LLC boosted its holdings in shares of Capital One Financial by 17.5% in the second quarter. Cary Street Partners Financial LLC now owns 7,157 shares of the financial services provider’s stock valued at $1,523,000 after buying an additional 1,066 shares during the period. Callodine Capital Management LP boosted its stake in Capital One Financial by 77.1% in the 2nd quarter. Callodine Capital Management LP now owns 265,708 shares of the financial services provider’s stock worth $56,532,000 after purchasing an additional 115,708 shares during the period. Cerity Partners LLC increased its holdings in Capital One Financial by 201.1% during the 2nd quarter. Cerity Partners LLC now owns 313,895 shares of the financial services provider’s stock worth $66,786,000 after purchasing an additional 209,632 shares in the last quarter. ESL Trust Services LLC raised its stake in shares of Capital One Financial by 60.6% in the 2nd quarter. ESL Trust Services LLC now owns 485 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 183 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of Capital One Financial by 11.4% in the second quarter. Federated Hermes Inc. now owns 557,359 shares of the financial services provider’s stock valued at $118,584,000 after purchasing an additional 57,036 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $235.00 to $237.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. HSBC raised their target price on shares of Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. BTIG Research reissued a “buy” rating and set a $264.00 price target on shares of Capital One Financial in a research report on Wednesday, October 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a report on Monday, December 1st. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Capital One Financial Price Performance

Shares of NYSE COF opened at $231.37 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average price is $215.82 and its two-hundred day moving average price is $213.42. The company has a market cap of $147.09 billion, a PE ratio of 97.62, a price-to-earnings-growth ratio of 0.55 and a beta of 1.16. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $233.01.

Capital One Financial (NYSE:COF) last issued its earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The company had revenue of $15.46 billion during the quarter. On average, analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were given a $0.80 dividend. The ex-dividend date of this dividend was Monday, November 17th. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. Capital One Financial’s payout ratio is currently 135.02%.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Lia Dean sold 3,269 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $218.15, for a total transaction of $713,132.35. Following the completion of the sale, the insider directly owned 69,855 shares in the company, valued at $15,238,868.25. This trade represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Celia Karam sold 2,936 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $218.15, for a total value of $640,488.40. Following the completion of the transaction, the insider directly owned 63,433 shares in the company, valued at $13,837,908.95. The trade was a 4.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 280,218 shares of company stock worth $62,395,804 in the last quarter. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Profile

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.