Capital One Financial Corporation $COF Shares Acquired by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund lifted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 56.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,227 shares of the financial services provider’s stock after acquiring an additional 6,216 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Capital One Financial were worth $3,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC raised its position in Capital One Financial by 588,668.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after purchasing an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Capital One Financial by 74.8% during the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after buying an additional 24,129,990 shares during the period. State Street Corp increased its stake in shares of Capital One Financial by 63.4% during the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after buying an additional 10,776,843 shares during the period. Geode Capital Management LLC raised its holdings in Capital One Financial by 64.1% in the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after acquiring an additional 5,474,328 shares in the last quarter. Finally, Norges Bank purchased a new position in Capital One Financial in the second quarter worth approximately $1,701,511,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Capital One Financial

In other news, insider Lia Dean sold 3,269 shares of the stock in a transaction dated 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 owned 69,855 shares in the company, valued at approximately $15,238,868.25. This represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard D. Fairbank sold 103,487 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total value of $22,837,511.16. Following the completion of the transaction, the chief executive officer owned 4,001,228 shares in the company, valued at $882,990,995.04. This trade represents a 2.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 280,218 shares of company stock worth $62,395,804 in the last three months. Company insiders own 1.26% of the company’s stock.

Capital One Financial Trading Down 0.7%

NYSE:COF opened at $237.71 on Friday. The company has a market capitalization of $151.12 billion, a PE ratio of 100.30, a P/E/G ratio of 0.57 and a beta of 1.16. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $243.31. The stock’s 50 day moving average price is $217.78 and its 200 day moving average price is $215.09. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45.

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

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a dividend of $0.80 per share. The ex-dividend date was Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.3%. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio (DPR) is currently 135.02%.

Wall Street Analyst Weigh In

Several research firms recently commented on COF. Deutsche Bank Aktiengesellschaft increased their target price on Capital One Financial from $224.00 to $240.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. UBS Group dropped their price objective on Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. TD Cowen boosted their target price on Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Evercore ISI upped their price target on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Finally, Cowen reissued a “buy” rating on shares of Capital One Financial in a report on Wednesday, November 26th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus price target of $262.70.

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.