Capital One Financial Corporation $COF Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System increased its position in shares of Capital One Financial Corporation (NYSE:COF) by 10.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,786 shares of the financial services provider’s stock after purchasing an additional 3,354 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Capital One Financial were worth $7,102,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Compass Wealth Management LLC bought a new stake in Capital One Financial during the third quarter valued at $25,000. Torren Management LLC raised its holdings in shares of Capital One Financial by 114.8% during the third quarter. Torren Management LLC now owns 131 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 70 shares during the period. Solstein Capital LLC acquired a new stake in shares of Capital One Financial during the second quarter worth $26,000. Ballast Advisors LLC bought a new position in shares of Capital One Financial in the 1st quarter worth about $27,000. Finally, Gilpin Wealth Management LLC bought a new position in shares of Capital One Financial in the 3rd quarter worth about $27,000. 89.84% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Lia Dean sold 2,193 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $225.52, for a total value of $494,565.36. Following the sale, the insider owned 63,261 shares of the company’s stock, valued at $14,266,620.72. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew Cooper sold 3,500 shares of Capital One Financial stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $214.10, for a total transaction of $749,350.00. Following the completion of the sale, the general counsel owned 83,194 shares in the company, valued at approximately $17,811,835.40. This represents a 4.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 202,145 shares of company stock worth $41,281,806 over the last ninety days. Insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on COF shares. Citigroup lifted their price target on shares of Capital One Financial from $280.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Weiss Ratings upgraded shares of Capital One Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, November 4th. BMO Capital Markets increased their price objective on shares of Capital One Financial from $219.00 to $225.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 21st. Barclays raised their target price on shares of Capital One Financial from $237.00 to $238.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Finally, Wolfe Research lifted their target price on Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Twenty investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and an average price target of $256.50.

Capital One Financial Price Performance

Shares of COF opened at $193.66 on Friday. The company has a market cap of $116.49 billion, a P/E ratio of 11.43, a PEG ratio of 0.90 and a beta of 1.10. The stock has a fifty day moving average price of $202.14 and a 200 day moving average price of $200.33. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, topping the consensus estimate of $5.53 by $1.16. The firm had revenue of $16.31 billion for the quarter, compared to analyst estimates of $16.25 billion. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the company earned $5.95 earnings per share. On average, research analysts forecast that Capital One Financial Corporation will post 21.53 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, November 16th. This represents a $3.20 annualized dividend and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio is currently 18.89%.

About Capital One Financial

Capital One Financial Corporation is a bank holding company that provides credit cards, consumer banking, auto financing and commercial banking services. Its offerings include credit cards, deposit accounts, loans and financial services for businesses. The company traces its roots to a credit card business established within Signet Banking Corporation in 1988 and became an independent company in 1994. Capital One is headquartered in McLean, Virginia, and serves customers primarily in the United States, with credit card operations also in the United Kingdom.