Capital One Financial Co. (NYSE:COF) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its holdings in Capital One Financial Co. (NYSE:COF) by 42.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,401 shares of the financial services provider’s stock after selling 23,817 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Capital One Financial were worth $4,248,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of COF. Comerica Bank increased its stake in Capital One Financial by 158.7% in the 3rd quarter. Comerica Bank now owns 87,852 shares of the financial services provider’s stock valued at $8,526,000 after purchasing an additional 53,894 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in 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 worth $242,471,000 after buying an additional 40,585 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Capital One Financial by 15.2% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 76,695 shares of the financial services provider’s stock worth $7,443,000 after buying an additional 10,107 shares in the last quarter. Rafferty Asset Management LLC increased its position in Capital One Financial by 4.3% during the third quarter. Rafferty Asset Management LLC now owns 131,964 shares of the financial services provider’s stock worth $12,807,000 after buying an additional 5,439 shares in the last quarter. Finally, Mariner LLC increased its position in Capital One Financial by 3.5% during the third quarter. Mariner LLC now owns 65,596 shares of the financial services provider’s stock worth $6,366,000 after buying an additional 2,228 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Price Performance

Shares of NYSE COF opened at $148.80 on Thursday. Capital One Financial Co. has a 1-year low of $83.93 and a 1-year high of $149.94. The business has a 50-day moving average of $140.10 and a 200-day moving average of $125.44. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $56.60 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 1.06 and a beta of 1.48.

Capital One Financial (NYSE:COF) last issued 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 return on equity of 9.24% and a net margin of 9.88%. The company had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.45 billion. On average, equities analysts anticipate that Capital One Financial Co. will post 13.84 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, February 9th. Capital One Financial’s payout ratio is 20.08%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Capital One Financial from $134.00 to $152.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Robert W. Baird downgraded Capital One Financial from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $150.00 to $145.00 in a research report on Monday, January 8th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $159.00 price target on shares of Capital One Financial in a research report on Wednesday, March 27th. UBS Group raised their price target on Capital One Financial from $132.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Finally, Evercore ISI lifted their price objective on Capital One Financial from $142.00 to $155.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $137.05.

About Capital One Financial

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.