Kentucky Retirement Systems Lowers Stake in Capital One Financial Co. (NYSE:COF)

Kentucky Retirement Systems cut its holdings in Capital One Financial Co. (NYSE:COF) by 1.4% during the fourth quarter, HoldingsChannel reports. The firm owned 26,241 shares of the financial services provider’s stock after selling 361 shares during the period. Kentucky Retirement Systems’ holdings in Capital One Financial were worth $4,679,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in COF. Bfsg LLC acquired a new position in Capital One Financial in the 4th quarter valued at about $27,000. Decker Retirement Planning Inc. purchased a new position in shares of Capital One Financial in the 4th quarter valued at approximately $32,000. Catalyst Capital Advisors LLC acquired a new position in shares of Capital One Financial in the third quarter valued at approximately $36,000. Sierra Ocean LLC purchased a new stake in shares of Capital One Financial during the fourth quarter worth approximately $48,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Capital One Financial by 135.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 166 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on COF. HSBC upgraded shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective for the company in a research report on Tuesday, January 14th. Barclays increased their price target on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price objective on Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Truist Financial increased their target price on Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company raised their price target on Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.50.

Capital One Financial Price Performance

Capital One Financial stock opened at $200.38 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm’s 50-day simple moving average is $191.46 and its 200 day simple moving average is $170.48. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $210.67. The firm has a market capitalization of $76.39 billion, a PE ratio of 17.29, a P/E/G ratio of 1.21 and a beta of 1.47.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating the consensus estimate of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period in the prior year, the business earned $2.81 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities research analysts predict that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Capital One Financial’s payout ratio is 20.71%.

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.