State of New Jersey Common Pension Fund D Boosts Stake in Capital One Financial Corporation $COF

State of New Jersey Common Pension Fund D boosted its position in Capital One Financial Corporation (NYSE:COF) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 223,788 shares of the financial services provider’s stock after purchasing an additional 9,788 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Capital One Financial were worth $47,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Capital One Financial Trading Up 0.3%

NYSE COF opened at $207.60 on Friday. The company has a 50 day moving average price of $234.33 and a 200 day moving average price of $223.55. 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 Corporation has a 52 week low of $143.22 and a 52 week high of $259.64. The firm has a market cap of $131.98 billion, a PE ratio of 70.14, a price-to-earnings-growth ratio of 0.61 and a beta of 1.14.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The business had revenue of $15.62 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter in the prior year, the company posted $2.67 EPS. The business’s revenue for the quarter was up 53.3% on a year-over-year basis. As a group, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th will be issued 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 dividend payout ratio (DPR) is currently 108.11%.

Insiders Place Their Bets

In other Capital One Financial news, insider Ravi Raghu sold 13,450 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the transaction, the insider owned 30,337 shares in the company, valued at approximately $7,584,250. This represents a 30.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lia Dean sold 3,284 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total transaction of $734,565.12. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,274 shares of company stock worth $8,131,054 over the last ninety days. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Jefferies Financial Group boosted their price target on Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a research report on Monday, December 29th. Citigroup raised their price target on Capital One Financial from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, December 31st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $275.00 price target on shares of Capital One Financial in a research report on Monday, January 12th. Finally, HSBC dropped their price objective on shares of Capital One Financial from $234.00 to $226.00 and set a “hold” rating on the stock in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.