Public Sector Pension Investment Board Acquires 4,917 Shares of Capital One Financial Co. (NYSE:COF)

Public Sector Pension Investment Board grew its position in Capital One Financial Co. (NYSE:COF) by 8.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,807 shares of the financial services provider’s stock after buying an additional 4,917 shares during the quarter. Public Sector Pension Investment Board’s holdings in Capital One Financial were worth $8,973,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Silicon Valley Capital Partners acquired a new position in shares of Capital One Financial in the first quarter valued at about $25,000. LRI Investments LLC acquired a new stake in Capital One Financial in the first quarter valued at approximately $25,000. Y.D. More Investments Ltd purchased a new position in shares of Capital One Financial in the second quarter valued at approximately $28,000. Hobbs Group Advisors LLC purchased a new position in shares of Capital One Financial in the second quarter valued at approximately $29,000. Finally, Bartlett & CO. Wealth Management LLC lifted its position in shares of Capital One Financial by 726.7% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 218 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup initiated coverage on Capital One Financial in a research report on Friday. They set a “buy” rating and a $190.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 8th. Evercore ISI lowered their target price on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research note on Tuesday, June 25th. Bank of America lifted their price target on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, BTIG Research started coverage on Capital One Financial in a report on Friday, June 7th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $147.21.

Insider Buying and Selling

In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the sale, the insider now owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Robert M. Alexander sold 30,742 shares of the company’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 transaction, the insider now directly owns 73,734 shares in the company, valued at approximately $11,060,100. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kevin S. Borgmann sold 61,532 shares of the company’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 transaction, 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

Shares of COF stock opened at $151.22 on Tuesday. The firm’s 50 day moving average price is $142.69 and its two-hundred day moving average price is $141.03. The stock has a market cap of $57.49 billion, a PE ratio of 11.84, a PEG ratio of 1.08 and a beta of 1.44. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $154.18. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last issued 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 return on equity of 9.31% and a net margin of 9.01%. 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 previous year, the business earned $3.52 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. As a group, analysts forecast that Capital One Financial Co. will post 13.1 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Monday, August 12th. Capital One Financial’s payout ratio is 18.79%.

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.