Capital One Financial Co. (NYSE:COF) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems cut its holdings in Capital One Financial Co. (NYSE:COF) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 28,794 shares of the financial services provider’s stock after selling 95 shares during the period. Kentucky Retirement Systems’ holdings in Capital One Financial were worth $3,987,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Financial Security Advisor Inc. lifted its position in shares of Capital One Financial by 2.4% during the first quarter. Financial Security Advisor Inc. now owns 3,255 shares of the financial services provider’s stock worth $485,000 after purchasing an additional 75 shares during the last quarter. Valley National Advisers Inc. raised its stake in Capital One Financial by 0.5% during the first quarter. Valley National Advisers Inc. now owns 16,366 shares of the financial services provider’s stock worth $2,435,000 after acquiring an additional 75 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Capital One Financial by 11.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 75 shares during the period. Smith Chas P & Associates PA Cpas raised its stake in Capital One Financial by 2.8% during the first quarter. Smith Chas P & Associates PA Cpas now owns 2,829 shares of the financial services provider’s stock worth $421,000 after acquiring an additional 76 shares during the period. Finally, Marcum Wealth LLC raised its stake in Capital One Financial by 3.6% during the second quarter. Marcum Wealth LLC now owns 2,295 shares of the financial services provider’s stock worth $318,000 after acquiring an additional 79 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the sale, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the sale, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the sale, the chief executive officer now owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Capital One Financial Price Performance

NYSE COF opened at $153.05 on Friday. Capital One Financial Co. has a 12 month low of $88.23 and a 12 month high of $153.35. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $58.19 billion, a PE ratio of 11.99, a P/E/G ratio of 1.08 and a beta of 1.44. The company’s 50 day simple moving average is $142.28 and its 200 day simple moving average is $140.76.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The company had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the prior year, the business earned $3.52 EPS. Capital One Financial’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts forecast that Capital One Financial Co. will post 13.1 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were paid a dividend of $0.60 per share. The ex-dividend date was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.57%. Capital One Financial’s dividend payout ratio is presently 18.79%.

Analyst Upgrades and Downgrades

COF has been the topic of several research reports. Bank of America increased their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Evercore ISI dropped their price objective on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and increased their price objective for the stock from $145.00 to $165.00 in a research note on Thursday, June 6th. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, July 8th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 price target on shares of Capital One Financial in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $145.89.

Capital One Financial Company 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.