Louisiana State Employees Retirement System Has $3.66 Million Stake in Capital One Financial Co. (NYSE:COF)

Louisiana State Employees Retirement System trimmed its stake in shares of Capital One Financial Co. (NYSE:COF) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,500 shares of the financial services provider’s stock after selling 1,000 shares during the period. Louisiana State Employees Retirement System’s holdings in Capital One Financial were worth $3,656,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in COF. FMR LLC raised its holdings in shares of Capital One Financial by 21.4% during the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after acquiring an additional 1,169,395 shares during the period. International Assets Investment Management LLC acquired a new stake in Capital One Financial in the 4th quarter valued at $130,683,000. Wellington Management Group LLP increased its stake in Capital One Financial by 268.7% in the 3rd quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock valued at $146,052,000 after buying an additional 710,881 shares during the last quarter. Southpoint Capital Advisors LP acquired a new stake in Capital One Financial in the 3rd quarter valued at $104,811,000. Finally, KBC Group NV increased its stake in Capital One Financial by 282.2% in the 4th quarter. KBC Group NV now owns 623,470 shares of the financial services provider’s stock valued at $111,177,000 after buying an additional 460,339 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on COF. Argus upgraded shares of Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and lifted their price target for the company from $168.00 to $235.00 in a research note on Monday, January 13th. Hsbc Global Res upgraded shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods upped their target price on shares of Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Barclays upped their target price on shares of Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $196.31.

Capital One Financial Price Performance

Capital One Financial stock opened at $196.36 on Thursday. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $208.63. The stock’s 50 day moving average is $188.77 and its 200-day moving average is $167.57. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $74.86 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.26 and a beta of 1.47.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating the consensus estimate of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the business earned $2.81 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts expect that Capital One Financial Co. will post 15.41 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Tuesday, February 18th. Capital One Financial’s dividend payout ratio is currently 20.71%.

About Capital One Financial

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.