Arizona State Retirement System Buys 329 Shares of Capital One Financial Co. (NYSE:COF)

Arizona State Retirement System boosted its stake in shares of Capital One Financial Co. (NYSE:COF) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,835 shares of the financial services provider’s stock after acquiring an additional 329 shares during the period. Arizona State Retirement System’s holdings in Capital One Financial were worth $19,586,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in COF. Norden Group LLC raised its position in shares of Capital One Financial by 2.6% in the 4th quarter. Norden Group LLC now owns 2,010 shares of the financial services provider’s stock worth $358,000 after acquiring an additional 51 shares in the last quarter. Catalyst Financial Partners LLC raised its position in shares of Capital One Financial by 3.9% in the 4th quarter. Catalyst Financial Partners LLC now owns 1,428 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 54 shares in the last quarter. Gladstone Institutional Advisory LLC raised its position in shares of Capital One Financial by 3.3% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 56 shares in the last quarter. TFB Advisors LLC increased its position in Capital One Financial by 4.1% in the 4th quarter. TFB Advisors LLC now owns 1,488 shares of the financial services provider’s stock valued at $265,000 after buying an additional 59 shares in the last quarter. Finally, Money Concepts Capital Corp increased its position in Capital One Financial by 4.1% in the 4th quarter. Money Concepts Capital Corp now owns 1,565 shares of the financial services provider’s stock valued at $279,000 after buying an additional 61 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE COF opened at $186.09 on Thursday. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67. The stock’s 50 day moving average price is $193.77 and its 200-day moving average price is $174.05. The company has a market capitalization of $70.96 billion, a PE ratio of 16.06, a PEG ratio of 1.19 and a beta of 1.47. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74.

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

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.29%. Capital One Financial’s payout ratio is 20.71%.

Analysts Set New Price Targets

A number of brokerages recently commented on COF. Keefe, Bruyette & Woods boosted their target price on Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Royal Bank of Canada boosted their target price on Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. Bank of America raised Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $207.00 to $235.00 in a report on Wednesday, February 19th. Argus raised Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $202.27.

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.