California State Teachers Retirement System reduced its stake in shares of Capital One Financial Corporation (NYSE:COF) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 856,035 shares of the financial services provider’s stock after selling 64,094 shares during the quarter. California State Teachers Retirement System owned about 0.18% of Capital One Financial worth $72,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. South State Corp grew its holdings in Capital One Financial by 9.2% during the 2nd quarter. South State Corp now owns 65,457 shares of the financial services provider’s stock valued at $5,408,000 after buying an additional 5,510 shares in the last quarter. Bank of Nova Scotia grew its holdings in Capital One Financial by 70.8% during the 2nd quarter. Bank of Nova Scotia now owns 187,907 shares of the financial services provider’s stock valued at $15,525,000 after buying an additional 77,861 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Capital One Financial during the 3rd quarter valued at approximately $1,635,000. Norinchukin Bank The boosted its position in shares of Capital One Financial by 9.5% during the 3rd quarter. Norinchukin Bank The now owns 43,270 shares of the financial services provider’s stock valued at $3,663,000 after acquiring an additional 3,743 shares during the last quarter. Finally, CNA Financial Corp boosted its position in shares of Capital One Financial by 20.6% during the 2nd quarter. CNA Financial Corp now owns 31,827 shares of the financial services provider’s stock valued at $2,630,000 after acquiring an additional 5,427 shares during the last quarter. 88.43% of the stock is owned by institutional investors and hedge funds.

In related news, Director Ann F. Hackett sold 11,055 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $91.18, for a total value of $1,007,994.90. Following the completion of the sale, the director now directly owns 69,066 shares in the company, valued at $6,297,437.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert M. Alexander sold 76,354 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $94.84, for a total value of $7,241,413.36. Following the completion of the sale, the insider now owns 89,603 shares of the company’s stock, valued at $8,497,948.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,868 shares of company stock valued at $12,378,192. 1.73% of the stock is owned by corporate insiders.

COF has been the subject of a number of research reports. BMO Capital Markets reiterated a “buy” rating and set a $116.00 target price on shares of Capital One Financial in a research report on Friday, October 6th. Buckingham Research initiated coverage on Capital One Financial in a research report on Monday, October 2nd. They set a “buy” rating and a $99.00 target price for the company. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $106.00 target price on shares of Capital One Financial in a research report on Friday, September 15th. Zacks Investment Research upgraded Capital One Financial from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research report on Friday, October 27th. Finally, Morgan Stanley downgraded Capital One Financial from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $97.00 to $83.00 in a research report on Friday, September 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $96.24.

Shares of Capital One Financial Corporation (COF) opened at $94.72 on Thursday. The stock has a market capitalization of $46,637.24, a price-to-earnings ratio of 12.69, a P/E/G ratio of 1.43 and a beta of 1.28. Capital One Financial Corporation has a 52-week low of $76.05 and a 52-week high of $96.92. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.07 and a quick ratio of 1.06.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.27. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.81 billion. Capital One Financial had a return on equity of 8.25% and a net margin of 13.34%. Capital One Financial’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the company earned $2.03 earnings per share. analysts anticipate that Capital One Financial Corporation will post 7.97 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Monday, November 13th were given a $0.40 dividend. The ex-dividend date was Friday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.69%. Capital One Financial’s dividend payout ratio is presently 22.63%.

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About Capital One Financial

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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