Capital One Financial Co. (NYSE:COF) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its stake in shares of Capital One Financial Co. (NYSE:COF) by 3.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 723,564 shares of the financial services provider’s stock after selling 27,387 shares during the period. California Public Employees Retirement System’s holdings in Capital One Financial were worth $94,874,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Pzena Investment Management LLC boosted its position in shares of Capital One Financial by 8.3% in the 3rd quarter. Pzena Investment Management LLC now owns 7,626,988 shares of the financial services provider’s stock valued at $740,199,000 after purchasing an additional 585,797 shares during the period. Northern Trust Corp boosted its holdings in shares of Capital One Financial by 2.6% in the third quarter. Northern Trust Corp now owns 3,954,877 shares of the financial services provider’s stock worth $383,821,000 after buying an additional 99,915 shares during the period. Bank of New York Mellon Corp increased its position in shares of Capital One Financial by 3.1% in the third quarter. Bank of New York Mellon Corp now owns 3,096,708 shares of the financial services provider’s stock worth $300,536,000 after acquiring an additional 93,203 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Capital One Financial by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,498,413 shares of the financial services provider’s stock valued at $242,471,000 after acquiring an additional 40,585 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Capital One Financial by 37.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,184,671 shares of the financial services provider’s stock valued at $114,972,000 after acquiring an additional 324,095 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $148.80 on Thursday. Capital One Financial Co. has a 52 week low of $83.93 and a 52 week high of $149.94. The firm has a market cap of $56.60 billion, a price-to-earnings ratio of 12.45, a P/E/G ratio of 1.06 and a beta of 1.48. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50-day simple moving average is $140.10 and its 200-day simple moving average is $125.44.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, January 25th. The financial services provider reported $2.24 earnings per share for the quarter, missing the consensus estimate of $2.50 by ($0.26). Capital One Financial had a net margin of 9.88% and a return on equity of 9.24%. The business had revenue of $9.51 billion for the quarter, compared to the consensus estimate of $9.45 billion. As a group, equities research analysts expect that Capital One Financial Co. will post 13.84 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Friday, February 9th. Capital One Financial’s dividend payout ratio (DPR) is presently 20.08%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $159.00 target price on shares of Capital One Financial in a report on Wednesday, March 27th. UBS Group increased their price objective on Capital One Financial from $132.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Wells Fargo & Company lifted their target price on Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Piper Sandler raised their price target on shares of Capital One Financial from $126.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Finally, Wolfe Research raised shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price objective on the stock in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Capital One Financial currently has an average rating of “Hold” and an average target price of $137.05.

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.